Rheinmetall stock slips to EUR 806.25, down 0.79% premarket
Published on 11/09/2026 at 08:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points for investors
- Rheinmetall's first-nine-month sales rose 38% year on year to EUR 8.4 billion.
- The company lowered 2026 sales guidance to about EUR 13.2 billion and expects an operating margin of about 18.5%.
- Rheinmetall's Capital Markets Day is scheduled for November 25 to 27, 2026.
Rheinmetall stock traded at 806.25 euros on Lang & Schwarz at 08:37 CET on Monday, November 9, 2026, 0.79 percent below the Xetra close of Friday, November 6, at EUR 812.70.
The defense group enters the new week after reporting strong nine-month operating figures but reducing its full-year outlook. According to Rheinmetall's investor relations page, sales rose 38 percent year on year to EUR 8.4 billion in the first nine months of 2026. Operating result increased 69 percent to EUR 1.3 billion, lifting the operating margin to 16.0 percent for the period.
Guidance cut remains the key issue
Rheinmetall now expects 2026 sales of about EUR 13.2 billion, below its previous range of EUR 13.7 billion to EUR 14.2 billion. The company also reduced its expected operating margin to about 18.5 percent from roughly 19 percent. Delays affecting the German armed forces' Arminius project and artillery ammunition acceptance tests are shifting some revenue into 2027.
The strong nine-month performance provides support for the long-term investment case, but the guidance reduction highlights execution and timing risks in the order pipeline. Investors will focus on whether delayed projects convert into firm orders and revenue during 2027.
Rheinmetall is scheduled to hold its Capital Markets Day from November 25 to November 27, 2026, at its naval systems site in Hamburg. The event could provide further detail on project timing, cash flow and medium-term targets.
European defense stocks remain sensitive to contract timing, government procurement decisions and the broader risk appetite reflected in the S&P 500.
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