Rheinmetall is down more than 17% after cutting 2026 revenue guidance to about €13.2B from €13.7B-€14.2B and guiding operating margin to 18.5% from 19%. The Arminius Boxer order slips to 2027 and arti

What happened: Rheinmetall cut its annual sales and profit margin forecasts, citing delays to military contracts and ammunition approvals. Shares fell more than 17% in early trading on Thursday. Key numbers: 2026 revenue guidance now about €13.2bn, down from €13.7bn to €14.2bn. Operating margin about 18.5%, down from 19%. Q3 sales up 32% to €3.149bn. Why it matters: The Arminius order is now unlikely this year, pushing advance payments and revenue into 2027. This is the second sales forecast cut this year, and an analyst warned the company might have to cut its 2030 targets. Coverage: 5 outlets in 24h

Rheinmetall cut its annual sales and profit margin forecasts, citing delays to military contracts and ammunition approvals. Shares fell more than 17% in early trading on Thursday.

The Arminius order is now unlikely this year, pushing advance payments and revenue into 2027. This is the second sales forecast cut this year, and an analyst warned the company might have to cut its 2030 targets.