{"id":12557,"date":"2026-11-05T13:14:13","date_gmt":"2026-11-05T12:14:13","guid":{"rendered":"https:\/\/mumak.me\/?p=12557"},"modified":"2026-11-05T14:00:54","modified_gmt":"2026-11-05T13:00:54","slug":"bayer-q3-2026-earnings-update-2","status":"publish","type":"post","link":"https:\/\/mumak.me\/en\/portfolio-updates\/company-update\/bayer-q3-2026-earnings-update-2\/","title":{"rendered":"Rheinmetall \u2013 Q3 2026 Earnings Update"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12557\" class=\"elementor elementor-12557 elementor-12556\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-e1ac738 e-flex e-con-boxed e-con e-parent\" data-id=\"e1ac738\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b8e9f5a elementor-widget elementor-widget-text-editor\" data-id=\"b8e9f5a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p data-pm-slice=\"1 1 []\"><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-rheinmetall\/\"><strong>Rheinmetall<\/strong><\/a>, a component of the <strong>UMBRELLA Strategy<\/strong>, recorded significant revenue growth and improved profitability in the third quarter of 2026. Rising European defense spending and higher production volumes supported the Group&#8217;s operating development.<\/p><p>Despite these positive results, the stock came under considerable pressure following a cut in the full-year guidance.<\/p> \t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e410360 elementor-widget elementor-widget-gn_tradingview_chart\" data-id=\"e410360\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"gn_tradingview_chart.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t        <div class=\"gn-tv-widget gn-tv-widget--chart\" style=\"--gn-tv-height: 450px; --gn-tv-min-height: 450px;\" data-gn-tv-type=\"symbol-overview\" data-gn-tv-config=\"{&quot;lineWidth&quot;:2,&quot;lineType&quot;:0,&quot;chartType&quot;:&quot;area&quot;,&quot;showVolume&quot;:true,&quot;fontColor&quot;:&quot;rgb(106, 109, 120)&quot;,&quot;gridLineColor&quot;:&quot;rgba(46, 46, 46, 0.06)&quot;,&quot;volumeUpColor&quot;:&quot;rgba(34, 171, 148, 0.5)&quot;,&quot;volumeDownColor&quot;:&quot;rgba(247, 82, 95, 0.5)&quot;,&quot;backgroundColor&quot;:&quot;#ffffff&quot;,&quot;widgetFontColor&quot;:&quot;rgba(69, 56, 42, 1)&quot;,&quot;upColor&quot;:&quot;#22ab94&quot;,&quot;downColor&quot;:&quot;#f7525f&quot;,&quot;borderUpColor&quot;:&quot;#22ab94&quot;,&quot;borderDownColor&quot;:&quot;#f7525f&quot;,&quot;wickUpColor&quot;:&quot;#22ab94&quot;,&quot;wickDownColor&quot;:&quot;#f7525f&quot;,&quot;colorTheme&quot;:&quot;light&quot;,&quot;isTransparent&quot;:false,&quot;locale&quot;:&quot;en&quot;,&quot;chartOnly&quot;:false,&quot;scalePosition&quot;:&quot;right&quot;,&quot;scaleMode&quot;:&quot;Normal&quot;,&quot;fontFamily&quot;:&quot;Inter, -apple-system, BlinkMacSystemFont, Trebuchet MS, Roboto, Ubuntu, sans-serif&quot;,&quot;valuesTracking&quot;:&quot;1&quot;,&quot;changeMode&quot;:&quot;price-and-percent&quot;,&quot;symbols&quot;:[[&quot;XETR:RHM|12M&quot;]],&quot;dateRanges&quot;:[&quot;1d|1&quot;,&quot;1m|30&quot;,&quot;3m|60&quot;,&quot;12m|1D&quot;,&quot;60m|1W&quot;,&quot;all|1M&quot;],&quot;fontSize&quot;:&quot;10&quot;,&quot;headerFontSize&quot;:&quot;medium&quot;,&quot;autosize&quot;:true,&quot;width&quot;:&quot;100%&quot;,&quot;height&quot;:&quot;100%&quot;,&quot;noTimeScale&quot;:false,&quot;hideDateRanges&quot;:false,&quot;showMA&quot;:false,&quot;maLength&quot;:9,&quot;maLineColor&quot;:&quot;#2962FF&quot;,&quot;maLineWidth&quot;:1,&quot;hideMarketStatus&quot;:false,&quot;hideSymbolLogo&quot;:false}\">\n            <div class=\"gn-tv-widget__inner\">\n                <div class=\"gn-tv-widget__embed gn-tv-widget__chart\">\n                    <div class=\"tradingview-widget-container__widget\"><\/div>\n                <\/div>\n            <\/div>\n        <\/div>\n        \t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-9a58f06 e-flex e-con-boxed e-con e-parent\" data-id=\"9a58f06\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2b6855b elementor-widget elementor-widget-text-editor\" data-id=\"2b6855b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2 data-pm-slice=\"1 1 []\">Financial Key Figures \u2013 Q3 2026<\/h2><p><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-rheinmetall\/\"><strong>Rheinmetall<\/strong><\/a> achieved revenue of <strong>EUR 3.15 billion<\/strong> in the third quarter, an increase of around <strong>36%<\/strong> compared to EUR 2.31 billion in the prior-year quarter.<\/p><p>The operating result increased by around <strong>62% to EUR 553 million<\/strong>. The operating margin improved from 14.8% to <strong>17.5%<\/strong>.<\/p><p>For the first nine months of 2026, the Group reported the following key figures:<\/p><ul><li><strong>Revenue:<\/strong> EUR 8.38 billion (+38%)<\/li><li><strong>Operating result:<\/strong> EUR 1.34 billion (+68%)<\/li><li><strong>Operating margin:<\/strong> 16.0% (previous year: 13.1%)<\/li><li><strong>Rheinmetall backlog:<\/strong> EUR 78.0 billion<\/li><li><strong>Operating free cash flow:<\/strong> \u2013EUR 1.70 billion (continuing operations)<\/li><\/ul><p>The results reflect rising production volumes and improved operational efficiency. At the same time, investments in additional production capacities and the buildup of inventories weighed on cash flow.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f904adb elementor-widget elementor-widget-html\" data-id=\"f904adb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\n<style>\n\/* MUMAK Finanzkennzahlen *\/\n.mumak-financial {\n  --navy: #29485A;\n  --gold: #C89B50;\n  --cream: #FAF7F2;\n  --line: #E5E7E8;\n  font-family: inherit;\n  color: var(--navy);\n  max-width: 100%;\n  margin: 28px 0;\n}\n\n.mumak-financial * {\n  box-sizing: border-box;\n}\n\n.mumak-financial .mf-header {\n  border-left: 4px solid var(--gold);\n  padding-left: 17px;\n  margin-bottom: 22px;\n}\n\n.mumak-financial .mf-eyebrow {\n  color: var(--gold);\n  font-size: 11px;\n  font-weight: 700;\n  letter-spacing: 1.5px;\n  text-transform: uppercase;\n  margin-bottom: 7px;\n}\n\n.mumak-financial .mf-title {\n  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anywhere;\n}\n\n.mumak-financial .mf-source {\n  margin-top: 15px;\n  font-size: 11px;\n  line-height: 1.6;\n  color: #758087;\n}\n\n\/* Mobile Darstellung *\/\n@media (max-width: 767px) {\n  .mumak-financial .mf-kpis {\n    grid-template-columns: repeat(2, minmax(0, 1fr));\n    gap: 9px;\n  }\n\n  .mumak-financial .mf-kpi {\n    padding: 15px 11px;\n  }\n\n  .mumak-financial .mf-forecast {\n    grid-template-columns: 1fr;\n    gap: 17px;\n  }\n\n  .mumak-financial .mf-outlook {\n    padding: 18px 15px;\n  }\n\n  .mumak-financial table {\n    font-size: 12px;\n  }\n  \n\n\/* BAYER \u2013 3 KPI CARDS PER ROW *\/\n.mumak-financial .mf-kpis {\n  display: grid !important;\n  grid-template-columns: repeat(3, 1fr) !important;\n  gap: 12px !important;\n}\n\n.mumak-financial .mf-kpis > .mf-kpi {\n  width: auto !important;\n  min-width: 0 !important;\n  max-width: none !important;\n  grid-column: auto !important;\n}\n\n\/* MOBILE \u2013 2 PER ROW *\/\n@media (max-width: 767px) {\n  .mumak-financial .mf-kpis {\n    grid-template-columns: repeat(2, 1fr) !important;\n  }\n}\n\n\n}\n<\/style>\n\n\n<style>\n\/* MUMAK Financial Highlights *\/\n.mumak-highlights {\n  --navy: #29485A;\n  --gold: #C89B50;\n  --cream: #FAF7F2;\n  --green: #21865B;\n  font-family: inherit;\n  width: 100%;\n  margin: 28px 0;\n  color: var(--navy);\n}\n\n.mumak-highlights * {\n  box-sizing: border-box;\n}\n\n.mumak-highlights .mh-header {\n  border-left: 4px solid var(--gold);\n  padding-left: 17px;\n  margin-bottom: 22px;\n}\n\n.mumak-highlights .mh-eyebrow {\n  font-size: 11px;\n  font-weight: 700;\n  letter-spacing: 1.5px;\n  color: var(--gold);\n  margin-bottom: 7px;\n}\n\n.mumak-highlights .mh-title {\n  font-size: clamp(21px, 3vw, 25px);\n  font-weight: 700;\n  color: var(--navy);\n  margin: 0;\n  line-height: 1.3;\n}\n\n.mumak-highlights .mh-grid {\n  display: grid;\n  grid-template-columns: repeat(3, minmax(0, 1fr));\n  gap: 14px;\n}\n\n.mumak-highlights .mh-card {\n  background: var(--cream);\n  border: 1px solid #E8E1D8;\n  border-radius: 12px;\n  padding: 22px 18px;\n  min-width: 0;\n}\n\n.mumak-highlights .mh-label {\n  font-size: 13px;\n  font-weight: 600;\n  margin-bottom: 16px;\n  min-height: 36px;\n}\n\n.mumak-highlights .mh-value {\n  font-size: clamp(24px, 3vw, 32px);\n  font-weight: 750;\n  letter-spacing: -0.7px;\n  line-height: 1.15;\n  white-space: nowrap;\n}\n\n.mumak-highlights .mh-unit {\n  font-size: 12px;\n  margin-top: 5px;\n  color: var(--navy);\n}\n\n.mumak-highlights .mh-growth {\n  color: var(--green);\n  font-size: 16px;\n  font-weight: 700;\n  margin-top: 17px;\n}\n\n.mumak-highlights .mh-note {\n  color: #8A9298;\n  font-size: 11px;\n  margin-top: 4px;\n}\n\n.mumak-highlights .mh-source {\n  font-size: 11px;\n  color: #8A9298;\n  margin-top: 13px;\n}\n\n@media (max-width: 767px) {\n  .mumak-highlights .mh-grid {\n    grid-template-columns: repeat(3, minmax(0, 1fr));\n    gap: 7px;\n  }\n\n  .mumak-highlights .mh-card {\n    padding: 13px 8px;\n    border-radius: 9px;\n  }\n\n  .mumak-highlights .mh-label {\n    font-size: 10px;\n    min-height: 38px;\n    margin-bottom: 10px;\n  }\n\n  .mumak-highlights .mh-value {\n    font-size: clamp(17px, 4.2vw, 23px);\n    letter-spacing: -0.4px;\n  }\n\n  .mumak-highlights .mh-unit {\n    font-size: 10px;\n  }\n\n  .mumak-highlights .mh-growth {\n    font-size: 13px;\n    margin-top: 12px;\n  }\n\n  .mumak-highlights .mh-note {\n    font-size: 9px;\n  }\n}\n\n@media (max-width: 360px) {\n  .mumak-highlights .mh-value {\n    font-size: 16px;\n  }\n}\n<\/style>\n\n\n<style>\n\/* MUMAK Minimal Financial Highlights *\/\n.mumak-kpi-strip {\n  --navy: #29485A;\n  --gold: #C89B50;\n  --green: #21865B;\n  font-family: inherit;\n  width: 100%;\n  margin: 20px 0 24px;\n  color: var(--navy);\n  box-sizing: border-box;\n}\n\n.mumak-kpi-strip * {\n  box-sizing: border-box;\n}\n\n.mumak-kpi-strip .kpi-wrapper {\n  background: #FFFFFF;\n  border: 1px solid #E5E7E8;\n  border-radius: 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uppercase;\n}\n\n.mumak-kpi-strip .kpi-number {\n  color: var(--navy);\n  font-size: clamp(24px, 3vw, 32px);\n  font-weight: 750;\n  letter-spacing: -1px;\n  line-height: 1.2;\n  margin-top: 5px;\n}\n\n.mumak-kpi-strip .kpi-unit {\n  color: var(--navy);\n  font-size: 12px;\n  margin-top: 2px;\n}\n\n.mumak-kpi-strip .kpi-change {\n  color: var(--green);\n  font-size: 14px;\n  font-weight: 700;\n  margin-top: 13px;\n}\n\n.mumak-kpi-strip .kpi-note {\n  color: #8A9298;\n  font-size: 10px;\n  margin-top: 3px;\n}\n\n.mumak-kpi-strip .kpi-source {\n  color: #8A9298;\n  font-size: 10px;\n  margin-top: 12px;\n}\n\n\/* Mobile *\/\n@media (max-width: 767px) {\n  .mumak-kpi-strip .kpi-wrapper {\n    padding: 14px 12px;\n  }\n\n  .mumak-kpi-strip .kpi-top {\n    margin-bottom: 14px;\n  }\n\n  .mumak-kpi-strip .kpi-item {\n    padding: 3px 8px;\n  }\n\n  .mumak-kpi-strip .kpi-label {\n    font-size: 9px;\n    min-height: 36px;\n  }\n\n  .mumak-kpi-strip .kpi-number {\n    font-size: clamp(19px, 5vw, 25px);\n    letter-spacing: -0.5px;\n  }\n\n  .mumak-kpi-strip .kpi-unit {\n    font-size: 10px;\n  }\n\n  .mumak-kpi-strip .kpi-change {\n    font-size: 12px;\n    margin-top: 10px;\n  }\n\n  .mumak-kpi-strip .kpi-note {\n    font-size: 9px;\n  }\n}\n<\/style>\n\n<div class=\"mumak-kpi-strip\">\n  <div class=\"kpi-wrapper\">\n\n    <div class=\"kpi-top\">\n      <span class=\"kpi-eyebrow\">\n         FINANCIAL HIGHLIGHTS\n      <\/span>\n      \n    <\/div>\n\n    <div class=\"kpi-grid\">\n\n      <div class=\"kpi-item\">\n        <div class=\"kpi-label\">Revenue<\/div>\n        <div class=\"kpi-number\">3.15<\/div>\n        <div class=\"kpi-unit\">bn EUR<\/div>\n        <div class=\"kpi-change\">+36%<\/div>\n        <div class=\"kpi-note\">vs. Q3 2025<\/div>\n      <\/div>\n\n      <div class=\"kpi-item\">\n         <div class=\"kpi-label\">\n          Operating result\n        <\/div>\n        <div class=\"kpi-number\">553<\/div>\n        <div class=\"kpi-unit\">m EUR<\/div>\n        <div class=\"kpi-change\">+62%<\/div>\n        <div class=\"kpi-note\">vs. Q3 2025<\/div>\n      <\/div>\n\n      <div class=\"kpi-item\">\n         <div class=\"kpi-label\">\n          Operating margin\n        <\/div>\n        <div class=\"kpi-number\">17.5%<\/div>\n        <div class=\"kpi-unit\"> <\/div>\n        <div class=\"kpi-change\">+2.7 PP<\/div>\n        <div class=\"kpi-note\">vs. Q3 2025<\/div>\n      <\/div>\n\n    <\/div>\n  <\/div>\n\n\n  \n  \n<\/p>\n\n\n  \n<style>\n\/* MUMAK Financial Table \u2013 Rheinmetall *\/\n.mumak-fin-table {\n  --navy: #29485A;\n  --gold: #C89B50;\n  --cream: #FAF7F2;\n  --green: #21865B;\n  --grey: #8A9298;\n  --line: #E5E7E8;\n  font-family: inherit;\n  width: 100%;\n  margin: 24px 0;\n  color: var(--navy);\n}\n\n.mumak-fin-table * {\n  box-sizing: border-box;\n}\n\n.mumak-fin-table .mft-heading {\n  margin-bottom: 18px;\n}\n\n.mumak-fin-table .mft-eyebrow {\n  font-size: 10px;\n  font-weight: 700;\n  letter-spacing: 1.3px;\n  color: 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!important;\n  font-size: 13px;\n  vertical-align: middle;\n  background: transparent !important;\n}\n\n.mumak-fin-table tbody tr:nth-child(odd) {\n  background: var(--cream);\n}\n\n.mumak-fin-table tbody tr:nth-child(even) {\n  background: #FFFFFF;\n}\n\n.mumak-fin-table tbody tr:last-child td {\n  border-bottom: none !important;\n}\n\n.mumak-fin-table tbody td:first-child {\n  color: var(--navy);\n  font-weight: 600;\n}\n\n.mumak-fin-table tbody td:nth-child(2) {\n  color: var(--navy);\n  font-weight: 700;\n  text-align: right;\n  white-space: nowrap;\n}\n\n.mumak-fin-table tbody td:nth-child(3) {\n  text-align: right;\n}\n\n.mumak-fin-table .mft-positive {\n  color: var(--green);\n  font-weight: 700;\n  white-space: nowrap;\n}\n\n.mumak-fin-table .mft-comparison {\n  display: block;\n  color: var(--grey);\n  font-size: 10px;\n  font-weight: 400;\n  margin-top: 4px;\n  line-height: 1.4;\n}\n\n.mumak-fin-table .mft-source {\n  font-size: 10px;\n  color: var(--grey);\n  margin-top: 11px;\n}\n\n\/* Mobile *\/\n@media (max-width: 767px) {\n  .mumak-fin-table thead th {\n    padding: 11px 7px;\n    font-size: 10px;\n  }\n\n  .mumak-fin-table tbody td {\n    padding: 13px 7px;\n    font-size: 11px;\n  }\n\n  .mumak-fin-table .mft-positive {\n    font-size: 11px;\n  }\n\n  .mumak-fin-table .mft-comparison {\n    font-size: 9px;\n  }\n}\n\n@media (max-width: 360px) {\n  .mumak-fin-table tbody td {\n    font-size: 10px;\n    padding: 11px 5px;\n  }\n}\n<\/style>\n\n<div class=\"mumak-fin-table\">\n\n\n\n \n<style>\n\/* MUMAK Financial Table \u2013 Rheinmetall *\/\n.mumak-fin-table {\n  --navy: #29485A;\n  --gold: #C89B50;\n  --cream: #FAF7F2;\n  --green: #21865B;\n  --grey: #8A9298;\n  --line: #E5E7E8;\n  font-family: inherit;\n  width: 100%;\n  margin: 24px 0;\n  color: var(--navy);\n}\n\n.mumak-fin-table * {\n  box-sizing: border-box;\n}\n\n.mumak-fin-table .mft-heading {\n  margin-bottom: 18px;\n}\n\n.mumak-fin-table .mft-eyebrow {\n  font-size: 10px;\n  font-weight: 700;\n  letter-spacing: 1.3px;\n  color: var(--gold);\n  margin-bottom: 7px;\n}\n\n.mumak-fin-table .mft-title {\n  font-size: clamp(20px, 3vw, 25px);\n  font-weight: 700;\n  line-height: 1.3;\n  color: var(--navy);\n  margin: 0 0 5px;\n}\n\n.mumak-fin-table .mft-subtitle {\n  font-size: 12px;\n  color: var(--grey);\n  margin: 0;\n}\n\n.mumak-fin-table .mft-wrap {\n  border: 1px solid var(--line);\n  border-radius: 11px;\n  overflow: hidden;\n}\n\n.mumak-fin-table table {\n  width: 100%;\n  border-collapse: collapse;\n  border-spacing: 0;\n  table-layout: fixed;\n  margin: 0;\n}\n\n.mumak-fin-table thead th {\n  background: var(--navy) !important;\n  color: #FFFFFF !important;\n  padding: 15px 14px;\n  font-size: 12px;\n  font-weight: 600;\n  border: none !important;\n  text-align: left;\n}\n\n.mumak-fin-table thead th:nth-child(2),\n.mumak-fin-table thead th:nth-child(3) {\n  text-align: right;\n}\n\n.mumak-fin-table tbody td {\n  padding: 16px 14px;\n  border: none !important;\n  border-bottom: 1px solid var(--line) !important;\n  font-size: 13px;\n  vertical-align: middle;\n  background: transparent !important;\n}\n\n.mumak-fin-table tbody tr:nth-child(odd) {\n  background: var(--cream);\n}\n\n.mumak-fin-table tbody tr:nth-child(even) {\n  background: #FFFFFF;\n}\n\n.mumak-fin-table tbody tr:last-child td {\n  border-bottom: none !important;\n}\n\n.mumak-fin-table tbody td:first-child {\n  color: var(--navy);\n  font-weight: 600;\n}\n\n.mumak-fin-table tbody td:nth-child(2) {\n  color: var(--navy);\n  font-weight: 700;\n  text-align: right;\n  white-space: nowrap;\n}\n\n.mumak-fin-table tbody td:nth-child(3) {\n  text-align: right;\n}\n\n.mumak-fin-table .mft-positive {\n  color: var(--green);\n  font-weight: 700;\n  white-space: nowrap;\n}\n\n.mumak-fin-table .mft-comparison {\n  display: block;\n  color: var(--grey);\n  font-size: 10px;\n  font-weight: 400;\n  margin-top: 4px;\n  line-height: 1.4;\n}\n\n.mumak-fin-table .mft-source {\n  font-size: 10px;\n  color: var(--grey);\n  margin-top: 11px;\n}\n\n\/* Mobile *\/\n@media (max-width: 767px) {\n  .mumak-fin-table thead th {\n    padding: 11px 7px;\n    font-size: 10px;\n  }\n\n  .mumak-fin-table tbody td {\n    padding: 13px 7px;\n    font-size: 11px;\n  }\n\n  .mumak-fin-table .mft-positive {\n    font-size: 11px;\n  }\n\n  .mumak-fin-table .mft-comparison {\n    font-size: 9px;\n  }\n}\n\n@media (max-width: 360px) {\n  .mumak-fin-table tbody td {\n    font-size: 10px;\n    padding: 11px 5px;\n  }\n}\n<\/style>\n\n\n<style>\n\/* MUMAK Financial Table \u2013 Rheinmetall *\/\n.mumak-fin-table {\n  --navy: #29485A;\n  --gold: #C89B50;\n  --cream: #FAF7F2;\n  --green: #21865B;\n  --grey: #8A9298;\n  --line: #E5E7E8;\n  font-family: inherit;\n  width: 100%;\n  margin: 24px 0;\n  color: var(--navy);\n}\n\n.mumak-fin-table * {\n  box-sizing: border-box;\n}\n\n.mumak-fin-table .mft-heading {\n  margin-bottom: 18px;\n}\n\n.mumak-fin-table .mft-eyebrow {\n  font-size: 10px;\n  font-weight: 700;\n  letter-spacing: 1.3px;\n  color: var(--gold);\n  margin-bottom: 7px;\n}\n\n.mumak-fin-table .mft-title {\n  font-size: clamp(20px, 3vw, 25px);\n  font-weight: 700;\n  line-height: 1.3;\n  color: var(--navy);\n  margin: 0 0 5px;\n}\n\n.mumak-fin-table .mft-subtitle {\n  font-size: 12px;\n  color: var(--grey);\n  margin: 0;\n}\n\n.mumak-fin-table .mft-wrap {\n  border: 1px solid var(--line);\n  border-radius: 11px;\n  overflow: hidden;\n}\n\n.mumak-fin-table table {\n  width: 100%;\n  border-collapse: collapse;\n  border-spacing: 0;\n  table-layout: fixed;\n  margin: 0;\n}\n\n.mumak-fin-table thead th {\n  background: var(--navy) !important;\n  color: #FFFFFF !important;\n  padding: 15px 14px;\n  font-size: 12px;\n  font-weight: 600;\n  border: none !important;\n  text-align: left;\n}\n\n.mumak-fin-table thead th:nth-child(2),\n.mumak-fin-table thead th:nth-child(3) {\n  text-align: right;\n}\n\n.mumak-fin-table tbody td {\n  padding: 16px 14px;\n  border: none !important;\n  border-bottom: 1px solid var(--line) !important;\n  font-size: 13px;\n  vertical-align: middle;\n  background: transparent !important;\n}\n\n.mumak-fin-table tbody tr:nth-child(odd) {\n  background: var(--cream);\n}\n\n.mumak-fin-table tbody tr:nth-child(even) {\n  background: #FFFFFF;\n}\n\n.mumak-fin-table tbody tr:last-child td {\n  border-bottom: none !important;\n}\n\n.mumak-fin-table tbody td:first-child {\n  color: var(--navy);\n  font-weight: 600;\n}\n\n.mumak-fin-table tbody td:nth-child(2) {\n  color: var(--navy);\n  font-weight: 700;\n  text-align: right;\n  white-space: nowrap;\n}\n\n.mumak-fin-table tbody td:nth-child(3) {\n  text-align: right;\n}\n\n.mumak-fin-table .mft-positive {\n  color: var(--green);\n  font-weight: 700;\n  white-space: nowrap;\n}\n\n.mumak-fin-table .mft-comparison {\n  display: block;\n  color: var(--grey);\n  font-size: 10px;\n  font-weight: 400;\n  margin-top: 4px;\n  line-height: 1.4;\n}\n\n.mumak-fin-table .mft-source {\n  font-size: 10px;\n  color: var(--grey);\n  margin-top: 11px;\n}\n\n\/* Mobile *\/\n@media (max-width: 767px) {\n  .mumak-fin-table thead th {\n    padding: 11px 7px;\n    font-size: 10px;\n  }\n\n  .mumak-fin-table tbody td {\n    padding: 13px 7px;\n    font-size: 11px;\n  }\n\n  .mumak-fin-table .mft-positive {\n    font-size: 11px;\n  }\n\n  .mumak-fin-table .mft-comparison {\n    font-size: 9px;\n  }\n}\n\n@media (max-width: 360px) {\n  .mumak-fin-table tbody td {\n    font-size: 10px;\n    padding: 11px 5px;\n  }\n}\n<\/style>\n\n<div class=\"mumak-fin-table\">\n\n  <div class=\"mft-heading\">\n     <div class=\"mft-eyebrow\">\n      RHEINMETALL \u00b7 Q3 2026\n    <\/div>\n    <h3 class=\"mft-title\">\n      Financial Key Figures in Detail\n    <\/h3>\n    <p class=\"mft-subtitle\">\n      Quarterly Comparison vs. Q3 2025\n    <\/p> \n  <\/div>\n\n  <div class=\"mft-wrap\">\n    <table>\n      <colgroup>\n        <col style=\"width:37%;\">\n        <col style=\"width:31%;\">\n        <col style=\"width:32%;\">\n      <\/colgroup>\n\n      <thead>\n        <tr>\n          <th>Key Figure<\/th>\n          <th>Q3 2026<\/th>\n          <th>Change<\/th>\n        <\/tr>\n      <\/thead>\n\n      <tbody>\n        <tr>\n          <td>Revenue<\/td>\n          <td>EUR 3,149 million<\/td>\n          <td>\n            <span class=\"mft-positive\">\n              +36.4%\n            <\/span>\n          <\/td> \n        <\/tr>\n\n        <tr>\n          <td>Operating result<\/td>\n          <td>EUR 553 million<\/td>\n          <td>\n            <span class=\"mft-positive\">\n              +61.7%\n            <\/span>\n          <\/td> \n        <\/tr>\n\n        <tr>\n          <td>Operating margin<\/td>\n          <td>17.5%<\/td>\n          <td>\n            <span class=\"mft-positive\">\n              +2.7 PP\n            <\/span>\n          <\/td> \n        <\/tr>\n\n        <tr>\n          <td>Operating free cash flow<\/td>\n          <td>\u2212EUR 82 million<\/td>\n          <td>\n            <span class=\"mft-positive\">\n              Improvement\n            <\/span>\n            <span class=\"mft-comparison\">\n              Q3 2025: \u2212EUR 167 million\n            <\/span>\n          <\/td> \n        <\/tr>\n      <\/tbody>\n    <\/table>\n  <\/div>\n\n  <div class=\"mft-source\">\n     Source: Rheinmetall,\n    Q3 2026 Quarterly Statement\n  <\/div>\n\n<\/div>\n\n<\/div>\n\n\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5888df6 elementor-widget elementor-widget-text-editor\" data-id=\"5888df6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<h2 data-pm-slice=\"1 1 []\">Stock Reaction<\/h2><p>Despite the strong quarterly results, <a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-rheinmetall\/\"><strong>Rheinmetall<\/strong><\/a> stock came under significant selling pressure following the publication of the financial figures on November 5, 2026.<\/p><p>In morning trading, the stock temporarily lost around <strong>16%<\/strong> and fell on the Xetra exchange from its previous closing price of EUR 1,003.40 to approximately EUR 840.<\/p><p>The main reasons for the negative market reaction were, in particular, the lowered full-year guidance, delays in the Arminius Boxer vehicle program, and postponed deliveries of artillery ammunition.<\/p><p>In addition, weaker order intake development in the quarter, negative operating free cash flow, and uncertainties regarding the timing of the implementation of major defense orders weighed on market sentiment.<\/p><p>The significant price decline illustrates the discrepancy between Rheinmetall&#8217;s strong operational growth and high market expectations for project implementation, revenue realization, and cash flow development.<\/p><h2>Business Development<\/h2><p>Growth continued to be supported by high demand for military vehicles, ammunition, air defense systems, and digital defense technologies.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5978826 elementor-widget elementor-widget-html\" data-id=\"5978826\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\n<style>\/* MUMAK Rheinmetall Business Segments *\/\n.mumak-segments {\n  --navy: #29485A;\n  --gold: #C89B50;\n  --cream: #FAF7F2;\n  --green: #21865B;\n  --grey: #8A9298;\n  --line: #E5E7E8;\n  font-family: inherit;\n  width: 100%;\n  margin: 24px 0;\n  color: var(--navy);\n}\n\n.mumak-segments * {\n  box-sizing: border-box;\n}\n\n.mumak-segments .ms-header {\n  margin-bottom: 18px;\n}\n\n.mumak-segments .ms-eyebrow {\n  color: var(--gold);\n  font-size: 10px;\n  font-weight: 700;\n  letter-spacing: 1.3px;\n  margin-bottom: 7px;\n}\n\n.mumak-segments .ms-title {\n  color: var(--navy);\n  font-size: clamp(20px, 3vw, 25px);\n  font-weight: 700;\n  line-height: 1.3;\n  margin: 0 0 5px;\n}\n\n.mumak-segments .ms-subtitle {\n  color: var(--grey);\n  font-size: 12px;\n  margin: 0;\n}\n\n.mumak-segments .ms-table-wrap {\n  border: 1px solid var(--line);\n  border-radius: 11px;\n  overflow: hidden;\n}\n\n.mumak-segments table {\n  width: 100%;\n  border-collapse: collapse;\n  border-spacing: 0;\n  table-layout: fixed;\n  margin: 0;\n}\n\n.mumak-segments th {\n  background: var(--navy) !important;\n  color: #FFFFFF !important;\n  padding: 14px 12px;\n  font-size: 12px;\n  font-weight: 600;\n  border: none !important;\n  text-align: left;\n}\n\n.mumak-segments th:nth-child(n+2) {\n  text-align: right;\n}\n\n.mumak-segments td {\n  padding: 15px 12px;\n  border: none !important;\n  border-bottom: 1px solid var(--line) !important;\n  background: transparent !important;\n  vertical-align: middle;\n  font-size: 13px;\n}\n\n.mumak-segments tbody tr:nth-child(odd) {\n  background: var(--cream);\n}\n\n.mumak-segments tbody tr:nth-child(even) {\n  background: #FFFFFF;\n}\n\n.mumak-segments tbody tr:last-child td {\n  border-bottom: none !important;\n}\n\n.mumak-segments td:first-child {\n  color: var(--navy);\n  font-weight: 600;\n}\n\n.mumak-segments td:nth-child(2) {\n  color: var(--navy);\n  font-weight: 700;\n  text-align: right;\n}\n\n.mumak-segments td:nth-child(3) {\n  text-align: right;\n}\n\n.mumak-segments .ms-growth {\n  color: var(--green);\n  font-weight: 700;\n  white-space: nowrap;\n}\n\n.mumak-segments .ms-new {\n  color: var(--gold);\n  font-weight: 700;\n}\n\n.mumak-segments .ms-note {\n  display: block;\n  color: var(--grey);\n  font-size: 10px;\n  font-weight: 400;\n  margin-top: 4px;\n  line-height: 1.4;\n}\n\n.mumak-segments .ms-backlog {\n  background: var(--cream);\n  border-left: 3px solid var(--gold);\n  padding: 18px 20px;\n  margin-top: 18px;\n  border-radius: 0 10px 10px 0;\n}\n\n.mumak-segments .ms-backlog-top {\n  display: flex;\n  justify-content: space-between;\n  gap: 10px;\n  align-items: center;\n}\n\n.mumak-segments .ms-backlog-label {\n  font-size: 13px;\n  font-weight: 600;\n}\n\n.mumak-segments .ms-backlog-growth {\n  color: var(--green);\n  font-size: 14px;\n  font-weight: 700;\n}\n\n.mumak-segments .ms-backlog-value {\n  font-size: 26px;\n  font-weight: 750;\n  color: var(--navy);\n  margin-top: 9px;\n}\n\n.mumak-segments .ms-backlog-note {\n  color: var(--grey);\n  font-size: 11px;\n  margin-top: 4px;\n}\n\n.mumak-segments .ms-source {\n  font-size: 10px;\n  color: var(--grey);\n  margin-top: 12px;\n}\n\n@media (max-width: 767px) {\n  .mumak-segments th,\n  .mumak-segments td {\n    padding: 12px 7px;\n    font-size: 11px;\n  }\n\n  .mumak-segments .ms-note {\n    font-size: 9px;\n  }\n\n  .mumak-segments .ms-backlog {\n    padding: 14px 13px;\n  }\n\n  .mumak-segments .ms-backlog-value {\n    font-size: 23px;\n  }\n}\n<\/style><div class=\"mumak-segments\"><div class=\"ms-header\"><div class=\"ms-eyebrow\">RHEINMETALL \u00b7 9M 2026\n    <\/div><h3 class=\"ms-title\">Gesch\u00e4ftsbereiche im \u00dcberblick\n    <\/h3><p class=\"ms-subtitle\">Umsatzentwicklung der ersten neun Monate 2026\n    <\/p><\/div><div class=\"ms-table-wrap\"><table><colgroup><col style=\"width:44%;\"><col style=\"width:29%;\"><col style=\"width:27%;\"><\/colgroup><thead><tr><th>Gesch\u00e4ftsbereich<\/th><th>Umsatz<\/th><th>Ver\u00e4nderung<\/th><\/tr><\/thead><tbody><tr><td>Vehicle Systems<\/td><td>3,90 Mrd. EUR<\/td><td><span class=\"ms-growth\">+20 %<\/span><\/td><\/tr><tr><td>Weapon and Ammunition<\/td><td>2,71 Mrd. EUR<\/td><td><span class=\"ms-growth\">+34 %<\/span><\/td><\/tr><tr><td>Air Defence<\/td><td>731 Mio. EUR<\/td><td><span class=\"ms-growth\">+63 %<\/span><span class=\"ms-note\">St\u00e4rkstes Wachstum\n            <\/span><\/td><\/tr><tr><td>Digital Systems<\/td><td>1,33 Mrd. EUR<\/td><td><span class=\"ms-growth\">+29 %<\/span><\/td><\/tr><tr><td>Naval Systems<\/td><td>679 Mio. EUR<\/td><td><span class=\"ms-new\">Neu<\/span><span class=\"ms-note\">7 Monate seit \u00dcbernahme\n            <\/span><\/td><\/tr><\/tbody><\/table><\/div><div class=\"ms-backlog\"><div class=\"ms-backlog-top\"><span class=\"ms-backlog-label\">Rheinmetall Backlog\n      <\/span><span class=\"ms-backlog-growth\">+37,6 %\n      <\/span><\/div><div class=\"ms-backlog-value\">78,0 Mrd. EUR\n    <\/div><div class=\"ms-backlog-note\">Vorjahr: 56,7 Mrd. EUR\n    <\/div><\/div><div class=\"ms-source\">Quelle: Rheinmetall, Quartalsmitteilung Q3 2026\n  <\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a601f7 elementor-widget elementor-widget-text-editor\" data-id=\"6a601f7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p>The <strong>Vehicle Systems<\/strong> division achieved revenue of EUR 3.90 billion in the first nine months, an increase of 20%. Growth drivers were primarily European military vehicle programs.<\/p><p><strong>Weapon and Ammunition<\/strong> increased its revenue by 34% to EUR 2.71 billion. The operating margin reached 23.4%.<\/p><p>The <strong>Air Defence<\/strong> division developed particularly dynamically with a revenue increase of 63% to EUR 731 million. Demand for the Skynex and Skyranger air defense systems remained a key growth driver.<\/p><p><strong>Digital Systems<\/strong> recorded revenue growth of 29% to EUR 1.33 billion, supported by digitalization programs for armed forces and rising demand for networked defense technologies.<\/p><p>The newly established <strong>Naval Systems<\/strong> division contributed EUR 679 million to Group revenue in the seven months since the acquisition.<\/p><p>The Rheinmetall backlog reached <strong>EUR 78.0 billion<\/strong> at the end of September, compared to EUR 56.7 billion in the previous year. This illustrates the Group&#8217;s substantial future business volume.<\/p><h2>Outlook for 2026<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e3962c elementor-widget elementor-widget-html\" data-id=\"4e3962c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t\t\n<style>\/* MUMAK Forecast Table *\/\n.mumak-forecast {\n  --navy: #29485A;\n  --gold: #C89B50;\n  --cream: #FAF7F2;\n  --line: #E5E7E8;\n  --red: #B45353;\n  font-family: inherit;\n  color: var(--navy);\n  width: 100%;\n  margin: 28px 0;\n  box-sizing: border-box;\n}\n\n.mumak-forecast * {\n  box-sizing: border-box;\n}\n\n.mumak-forecast .mf-heading {\n  border-left: 4px solid var(--gold);\n  padding-left: 17px;\n  margin-bottom: 22px;\n}\n\n.mumak-forecast .mf-eyebrow {\n  font-size: 11px;\n  font-weight: 700;\n  letter-spacing: 1.5px;\n  color: var(--gold);\n  margin-bottom: 7px;\n}\n\n.mumak-forecast .mf-title {\n  font-size: clamp(20px, 3vw, 25px);\n  font-weight: 700;\n  margin: 0 0 6px;\n  color: var(--navy);\n}\n\n.mumak-forecast .mf-subtitle {\n  font-size: 13px;\n  color: #7B858C;\n  margin: 0;\n}\n\n.mumak-forecast .mf-table-wrap {\n  overflow-x: auto;\n  border: 1px solid var(--line);\n  border-radius: 12px;\n}\n\n.mumak-forecast table {\n  width: 100%;\n  border-collapse: collapse;\n  margin: 0;\n  table-layout: fixed;\n}\n\n.mumak-forecast th {\n  background: var(--navy);\n  color: #FFFFFF;\n  padding: 15px 14px;\n  font-size: 12px;\n  font-weight: 600;\n  text-align: left;\n}\n\n.mumak-forecast th:not(:first-child),\n.mumak-forecast td:not(:first-child) {\n  text-align: right;\n}\n\n.mumak-forecast td {\n  padding: 17px 14px;\n  border-bottom: 1px solid var(--line);\n  font-size: 14px;\n  vertical-align: middle;\n  background: #FFFFFF;\n}\n\n.mumak-forecast tr:last-child td {\n  border-bottom: none;\n}\n\n.mumak-forecast .mf-old {\n  color: #8A9298;\n  font-weight: 500;\n}\n\n.mumak-forecast .mf-new {\n  font-weight: 700;\n  font-size: 16px;\n  color: var(--navy);\n}\n\n.mumak-forecast .mf-change {\n  display: block;\n  font-size: 11px;\n  font-weight: 600;\n  color: var(--red);\n  margin-top: 5px;\n}\n\n.mumak-forecast .mf-note {\n  background: var(--cream);\n  border-left: 3px solid var(--gold);\n  padding: 16px 18px;\n  border-radius: 0 9px 9px 0;\n  margin-top: 18px;\n}\n\n.mumak-forecast .mf-note strong {\n  display: block;\n  font-size: 13px;\n  margin-bottom: 6px;\n}\n\n.mumak-forecast .mf-note p {\n  margin: 0;\n  font-size: 13px;\n  line-height: 1.65;\n}\n\n.mumak-forecast .mf-source {\n  font-size: 11px;\n  color: #8A9298;\n  margin-top: 12px;\n}\n\n@media (max-width: 600px) {\n  .mumak-forecast th,\n  .mumak-forecast td {\n    padding: 12px 8px;\n    font-size: 12px;\n  }\n\n  .mumak-forecast .mf-new {\n    font-size: 14px;\n  }\n\n  .mumak-forecast .mf-change {\n    font-size: 10px;\n  }\n}\n<\/style><div class=\"mumak-forecast\"><div class=\"mf-heading\"><div class=\"mf-eyebrow\">RHEINMETALL \u00b7 Q3 2026\n    <\/div><h3 class=\"mf-title\">Angepasste Jahresprognose\n    <\/h3><p class=\"mf-subtitle\">Vergleich der bisherigen und aktuellen\n      Erwartungen f\u00fcr 2026\n    <\/p><\/div><div class=\"mf-table-wrap\"><table><thead><tr><th style=\"width:34%;\">Kennzahl<\/th><th style=\"width:31%;\">Bisher<\/th><th style=\"width:35%;\">Aktuell<\/th><\/tr><\/thead><tbody><tr><td><strong>Umsatz<\/strong><\/td><td class=\"mf-old\">13,7\u201314,2 Mrd. EUR\n          <\/td><td><span class=\"mf-new\">13,2 Mrd. EUR\n            <\/span><span class=\"mf-change\">Nach unten angepasst\n            <\/span><\/td><\/tr><tr><td><strong>Operative Marge<\/strong><\/td><td class=\"mf-old\">ca. 19,0 %\n          <\/td><td><span class=\"mf-new\">ca. 18,5 %\n            <\/span><span class=\"mf-change\">\u22120,5 Prozentpunkte\n            <\/span><\/td><\/tr><\/tbody><\/table><\/div><div class=\"mf-note\"><strong>Hintergrund der Anpassung<\/strong><p>Projektverschiebungen beim\n      Arminius-Boxer-Programm und\n      Verz\u00f6gerungen bei der Abnahme\n      von Artilleriemunition.\n    <\/p><\/div><div class=\"mf-source\">Quelle: Rheinmetall, 5. November 2026\n  <\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-944761a elementor-widget elementor-widget-text-editor\" data-id=\"944761a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p data-pm-slice=\"1 1 []\">Despite the positive operational development, <a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-rheinmetall\/\"><strong>Rheinmetall<\/strong><\/a> has adjusted its full-year guidance due to delays in major defense projects.<\/p><h5>The Group now expects:<\/h5><ul><li><strong>Revenue:<\/strong> around EUR 13.2 billion instead of the previous EUR 13.7\u201314.2 billion.<\/li><li><strong>Operating margin:<\/strong> around 18.5% instead of the previous approximately 19%.<\/li><\/ul><p>The guidance adjustment is primarily due to delays in the Bundeswehr&#8217;s Arminius project and postponed acceptance procedures for artillery ammunition.<\/p><p>Although fundamental demand in the defense sector remains high, the adjustments highlight the challenges in timely converting large orders into revenue and cash flow.<\/p><p>The development of working capital, customer prepayments, and project implementation remains significant for the coming quarters.<\/p><h2>Strategic Context<\/h2><p><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-rheinmetall\/\"><strong>Rheinmetall<\/strong><\/a> remains part of the <strong>UMBRELLA Strategy&#8217;s<\/strong> commitment to the European defense sector.<\/p><p>The quarterly results confirm the Group&#8217;s operational growth momentum, supported by rising defense budgets, the expansion of production capacities, and demand for modern military systems.<\/p><p>At the same time, the significant price decline and the lowered full-year guidance show that strong operational growth does not necessarily go hand in hand with positive short-term stock price development.<\/p><p>For the <strong>UMBRELLA Strategy<\/strong>, the focus remains on <strong>operating profitability, order backlog development, cash flow generation, and price momentum<\/strong>.<\/p><p>Rheinmetall&#8217;s long-term growth prospects continue to be supported by structurally rising defense spending. In the short term, project implementation, financial key figures, and further price development remain decisive.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4e31745 e-con-full e-flex e-con e-child\" data-id=\"4e31745\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8d6e245 elementor-widget elementor-widget-text-editor\" data-id=\"8d6e245\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p data-pm-slice=\"1 1 []\"><span style=\"color: #003366;\"><span style=\"color: #b58a2a;\"><strong>Key Takeaway<\/strong><\/span><\/span><\/p><p data-pm-slice=\"1 1 []\"><a href=\"https:\/\/mumak.me\/en\/inside-umbrella\/stocks\/stock-rheinmetall\/\"><strong>Rheinmetall<\/strong><\/a> recorded strong revenue and earnings growth in Q3 2026. Despite improved profitability, the stock came under significant pressure following a cut in the full-year guidance. Project delays and weak cash flow development are weighing on the short-term outlook.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Strong Q3 2026, stock under pressure after guidance cut.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49],"tags":[684,659,99,97],"aktie":[],"class_list":["post-12557","post","type-post","status-publish","format-standard","hentry","category-company-update","tag-quartalszahlen-2026","tag-verteidigungsindustrie-2","tag-rheinmetall","tag-umbrella-strategie"],"acf":[],"_links":{"self":[{"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/posts\/12557","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/comments?post=12557"}],"version-history":[{"count":3,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/posts\/12557\/revisions"}],"predecessor-version":[{"id":12569,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/posts\/12557\/revisions\/12569"}],"wp:attachment":[{"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/media?parent=12557"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/categories?post=12557"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/tags?post=12557"},{"taxonomy":"aktie","embeddable":true,"href":"https:\/\/mumak.me\/en\/wp-json\/wp\/v2\/aktie?post=12557"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}