Rheinmetall beats Q3 profit but cuts 2026 revenue and margin guidance

Rheinmetall reported higher-than-expected quarterly profit but lowered its full-year 2026 revenue forecast to €13.2B from €13.7–14.2B and trimmed its operating margin outlook to 18.5% from 19%. The guidance cut signals softening demand or execution headwinds despite strong current earnings, a notable deviation from the sector's recent growth narrative.

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