Rheinmetall reported an 8% increase in Q1 sales. Operating profit rose 17% during the same period. The company missed revenue and earnings expectations due to delayed deliveries. Shipments worth approximately €300 million shifted to the second quarter.
Management reaffirmed full-year guidance. The company maintains a record order backlog of €73 billion.
The earnings miss triggered a significant drop in the company's share price. CEO Armin Papperger purchased shares worth over €500,000 on May 8, 2026. Analysts suggested the stock decline was an overreaction to short-term delivery timing.