Morningstar

Germany's Rheinmetall Flags Strong Quarter as Military Hardware Demand Stays Healthy

Provided by Dow Jones Jul 29, 2026, 4:15:00 PM

By Mauro Orru

Arms maker Rheinmetall said it had logged strong growth in second-quarter revenue and earnings thanks to robust demand for military equipment as geopolitical tensions remain high.

The group said preliminary figures showed that revenue jumped around 69% on year to roughly 3.29 billion euros, equivalent to $3.75 billion. Analysts had forecast 3.16 billion euros in revenue, according to Vara Research. Meanwhile, operating profit of 562 million euros also came in above analysts' forecast of 469.9 million euros.

Rheinmetall said it expected significantly negative operating free cash flow in the second quarter, citing payments for capacity expansion plans.

The group is scheduled to post a full set of second-quarter results on Aug. 6.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

July 29, 2026 07:15 ET (11:15 GMT)

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