Rheinmetall Q2 profit beats forecasts as revenue jumps nearly 70%

Reuters

Wed, July 29, 2026 astatine 6:00 AM CDT 1 min read

BERLIN, July 29 (Reuters) - German defence contractor Rheinmetall reported a stronger-than-expected ‌second-quarter operating nett connected Wednesday ‌as booming request for subject instrumentality helped thrust ​a crisp summation successful gross crossed each concern segments.

Operating nett climbed to €562 cardinal ($640 million), beating marketplace expectations of ‌about €470 million, ⁠while gross roseate astir 70% from a twelvemonth earlier to ⁠about €3.3 billion.

Rheinmetall had already said connected July 2 that it expected gross ​growth of ​more than ​60% for the ‌reporting period.

The institution cautioned, however, that operating escaped currency travel is expected to beryllium importantly antagonistic successful the 4th due to the fact that beforehand payments were shifted ‌into aboriginal periods.

The company's ​order backlog exceeded €80 cardinal ​in the ​quarter aft it recorded €11.37 ‌billion successful caller declaration ​awards and ​programmes, including 1 from the German subject for loitering munitions.

The institution volition ​publish elaborate ‌half-year results connected August 6.

($1 = 0.8782 ​euros)

(Reporting by Miranda Murray, editing ​by Thomas Seythal)