05:33 AM EDT, 05/12/2026 (MT Newswires) -- Mwb Research views TKMS AG &Co. (TKMS.F) as on track to achieve its fiscal 2026 guidance, with the company remaining well placed to see growth over the coming decades amid a volatile defense sector after a robust second quarter.

The German naval shipbuilder logged a 22% annual jump in fiscal second-quarter revenue to 624 million euros, while order intake stood at 2.51 billion euros, both surpassing the research firm's respective forecasts of 555 million euros and 2.2 billion euros, according to a Monday note.

"After a softer Q1 driven by revenue timing and spin-off cost absorption, Q2 delivered a clean beat ... The order backlog of >EUR 20bn implies ~8 years of revenue coverage, and this excludes several very large orders still to come. FY guidance is confirmed without qualification; management explicitly noted that H1 is structurally weaker than H2, making Q2's acceleration precisely what the trajectory required and leaving the company well positioned for H2 delivery,"analysts wrote.

The buy-rated stock has an unchanged price target of 125 euros.