Rheinmetall cuts revenue outlook as backlog climbs to €78 billion
Rheinmetall cut its revenue forecast to about €13.2 billion on project delays, its backlog rose to €78 billion, and shares fell to a February 2025 low.
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what happened
Rheinmetall posted revenue of €8.4 billion, a 38% rise, with operating profit at €1.3 billion, according to TradingView. The company lowered its full-year revenue guidance to roughly €13.2 billion and pointed to delays in projects as the reason.
Its shares fell to their weakest level since February 2025 after the profit warning, slipping under a key support level and the 50-week moving average. Order backlog grew to €78 billion from €56.7 billion, and production started at new plants in the United Kingdom and in Albacete, Spain.
The group's investor day is set for November 27, and analysts think management could adopt more realistic goals following the warning.
why it matters
For investors in European defense stocks, the signal is mixed: demand looks solid as the order book grows, but delivery timing is slipping, which weighs on near-term earnings. The investor day will be a key event, as it could reset expectations for margins and targets.
market impact
Rheinmetall shares: the cut revenue outlook weighs on the stock
- Rheinmetall shares pressure down — lower revenue forecast and profit warning weigh on the stock
tags
instruments
sources
- Key facts: Rheinmetall cuts revenue forecast; backlog rises to €78 billion — TradingView, 7 November 2026 at 06:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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