Siemens Aktiengesellschaft · XETR:SIE
Siemens Aktiengesellschaft — Siemens — Q3 FY2026 Earnings Presentation
27 slides from Siemens Aktiengesellschaft's earnings presentation, Aug 6, 2026
Slide 1: Record third quarter – Outlook raised
Record third quarter – Outlook raised Roland Busch, CEO Siemens AG Veronika Bienert, CFO Siemens AG Unrestricted | © Siemens 2026 | Investor Relations | Q3 FY26 Analyst Call | 2026-08-06
Slide 2: Notes and forward-looking statements
Notes and forward-looking statements This document contains statements related to our future business and achievements of Siemens may (negatively or positively) vary materially from financial performance and future events or developments involving Siemens those described explicitly or implicitly in
Slide 3: Key highlights Q3 FY26 results
Key highlights Q3 FY26 results Book- Orders +14% Revenue +8% Outlook FY26 to-bill 1.34 €27.9bn €20.8bn Raised • Record backlog at €132bn • SI +42% to record level, data • Broad-based growth with DI and • EPS pre PPA: €11.20 – €11.50 centers up triple-digit SI up double-digit, MO clearly up [previous
Slide 4: Key levers for profitable growth
Key levers for profitable growth ONE Tech strategy delivering results Grow Digital Grow Regions Digitalized Vectron X locomotive Siemens & HD Hyundai to establish scalable digital shipyard solutions to Proven platform with ~3,000 units modernize U.S. shipbuilding sold, now combined with app store an
Slide 5: Intelligence Center X: A new Siemens Xcelerator offering
Intelligence Center X: A new Siemens Xcelerator offering Industrial AI orchestration that delivers real customer value at scale - from design to service Key differentiators Intelligence Center X Action Live Configured Security Out-of-the-box data access design intent to attribute level industrial on
Slide 6: Capturing exceptional growth opportunities in Data Centers
Capturing exceptional growth opportunities in Data Centers Proven strength, partner of choice, ready for tomorrow Orders up triple-digit Trusted by hyperscalers, colos, neo-cloud providers and enterprise customers 9M FY26 ~€6bn • Comprehensive portfolio across Electrification, Buildings, Automation
Slide 7: Uniquely positioned to win the next generation market
Uniquely positioned to win the next generation market Electrification innovations in low voltage launched for 800 V DC As density rises, customers need DIGITAL TWIN • Most comprehensive multi-domain simulation platform across power, cooling & compute Flexibility for hybrid • Validated on NVIDIA DSX
Slide 8: DI SW business with continuing double-digit ARR growth trajectory
DI SW business with continuing double-digit ARR growth trajectory DI SW – Annual Recurring Revenue (ARR) Business highlights €bn • Q3 ARR with sustained double-digit growth, driven by PLM/Simulation and healthy momentum in EDA +11%¹ +17% +10%¹ +22% 5.7 • Integration of Altair and Dotmatics fully on
Slide 9: Digital Industries (DI)
Digital Industries (DI) Strong performance with substantial margin expansion and excellent cash conversion Orders Revenue Profit margin Free cash flow €bn €bn €m +9%¹ +10%¹ +420bps Profit +36% margin excl. severance 1,495 4.9 4.9 4.4 4.4 1,103 19.5% 1.8 16.1% 1.5 Software 18.7% 14.5% CCR 1.72 1.62 2
Slide 10: Digital Industries (DI): Strong growth across most regions
Digital Industries (DI) Strong growth Q3 FY26 Key regions – Automation Orders Revenue across most regions Strong order growth with book-to-bill around 1; China +17% +9% Healthy sequential revenue dynamics with strength in Motion Control Orders up in soft market, book-to-bill above 1; Improving globa
Slide 11: Smart Infrastructure (SI)
Smart Infrastructure (SI) Outstanding performance across all metrics, orders again at new record high Orders Revenue Profit margin Free cash flow €bn €bn €m +42%¹ +120bps Profit +13%¹ margin excl. +18% 8.0 severance 6.4 5.7 5.7 1.3 1,194 1.2 Service 19.0% 20.1% 1,011 18.8% 20.0% 4.5 5.1 CCR 0.94 0.9
Slide 12: Smart Infrastructure (SI): Orders up double-digit in all key regions
Smart Infrastructure (SI) Orders up Q3 FY26 – Key regions Orders Revenue double-digit in all U.S. +81% +20% Orders sharply up in Electrification & EP fueled by data center & semiconductor wins; key regions, led Revenue growth driven by Electrification & EP by the U.S., mainly Germany +19% +8% Orders
Slide 13: Mobility (MO)
Mobility (MO) Excellent orders, stringent execution and catch-up of free cash flow as expected Orders Revenue Profit margin Free cash flow €bn €bn €m -4%¹ +6%¹ -70bps Profit CCR -0.40 1.17 margin 7.9 excl. 327 7.6 severance 3.1 3.2 Customer 0.6 0.6 9.5% Services 9.0% 9.3% 8.6% 2.5 2.7 -115 Q3 FY25 Q
Slide 14: Strong free cash flow performance; new share buyback program
Strong free cash flow performance, well above prior year New share buyback program off to a fast start FCF Industrial Business Q3 cash performance €m • Y-o-y improvement due to strong cash conversion in Industrial +12% Business, lower operating working capital despite clear revenue growth 7,639 • We
Slide 15: FY 2026 outlook raised
FY 2026 outlook raised Siemens Group Siemens Businesses Revenue growth Profit margin Comparable Book-to-bill >1 Digital Industries 7%–10% 17%–19% Revenue growth 6%–8% Smart Infrastructure 10%–11% 18.5%–19.5% Comparable [Previously: 8%-10%] [Previously: 18%-19%] EPS €11.20–€11.50 pre PPA [previously:
Slide 16: Appendix
Appendix Page 16 Unrestricted | © Siemens 2026 | Investor Relations | Q3 FY26 Analyst Call | 2026-08-06
Slide 17: Below Industrial Business
Below Industrial Business Q3 FY 26 in €m Tax rate @25.1% Non-controlling 238 44 interests 55 3,524 312 -181 -238 Therein: Therein: 2,578 5 2,583 Gain of €156m, sale of Divestment gain -863 stake in equity of €77m investment in UK Industrial SFS Governance Innovation Financing, PPA Tax Income Income
Slide 18: Digital Industries (DI): Macro environment volatile
Digital Industries (DI) Vertical end markets Revenue Market trend1 Market trend1 Macro environment exposure Q2 FY26 Q3 FY26 volatile due to re- Automotive 20% escalation in Middle East Machine Building 15% Improving sentiment Electronics & Semiconductors 15% mainly in markets Pharma & Chemicals 10%
Slide 19: Smart Infrastructure (SI): Consistently healthy end markets
Smart Infrastructure (SI) Vertical end markets Revenue Market trend1 Market trend1 Consistently healthy exposure Q2 FY26 Q3 FY26 end markets Industrial 25% Soaring Data Center Commercial Real Estate 15% demand and strong Power Utilities Data Centers 15% remain key growth Power Utilities 15% drivers
Slide 20: Record order backlog remains a key source of strength
Record order backlog remains a key source of strength and provides visibility Expected revenue generation from backlog Key developments in Q3 in €bn 132 18 • Q3 FY26 book-to-bill at 1.34 drove clear increase in order 10 3 backlog DI 3 6 5 • Backlog at DI stable SI 24 0 38 • Buoyant markets are drivi
Slide 21: Financial Services
Financial Services Lower 9M YoY result largely as prior year period included higher gain on sales in the equity business Earnings Before Taxes (EBT) ROE: Q3 developments €m 20.1% 17.8% • Strong performance driven by the equity business, -12% which recorded a gain from the sale of a stake in an equit
Slide 22: Decrease in net debt driven by strong operating cash flows
Decrease in net debt driven by strong operating cash flows & settlement of SE forward sale Capital structure improves further and continues to be well within target range Ind. net debt/ Q3 ΔQ2 EBITDA (cont. ops.) • SFS debt 29.1 +0.2 Therein: • Provisions for pensions -0.7 0.0 0.6x €bn Operating act
Slide 23: Provisions for pensions remain on historic low level
Provisions for pensions remain on historic low level Q1 Q2 Q3 Q4 Q1 Q2 Q3 in €bn¹ FY 23 FY 24 FY 25 FY 25 FY 25 FY 25 FY 26 FY 26 FY26 Defined benefit obligation (DBO)² -26.6 -28.4 -28.3 -27.2 -26.9 -26.9 -26.6 -26.3 -26.4 Fair value of plan assets² 25.5 28.3 28.0 27.0 26.7 26.8 27.0 26.6 27.1 Provi
Slide 24: Siemens with sound refinancing profile
Siemens with sound refinancing profile Total loan-and-bond debt of around €45bn Loan-and-bond maturity profile as of June 30, 2026 (in €bn) 6.3 4.9 4.5 3.6 3.1 2.9 2.1 2.0 1.5 1.5 1.5 1.5 1.3 1.3 1.3 1.0 1.1 0.8 0.8 0.8 0.9 0.7 FY 2037 FY 2039 FY 2044 FY 2026 FY 2027 FY 2028 FY 2029 FY 2030 FY 2031
Slide 25: Profit Bridge from SHS disclosure to SAG disclosure
Profit Bridge from SHS disclosure to SAG disclosure Different profit definitions at SHS and SAG to be considered in models In €m Q3 FY26 9M FY26 SHS EBIT (adjusted) 1,101 19.1% 2,746 16.3% PPA (SHS logic)1 -86 -256 Transaction, integration, retention, carve-out cost -1 -5 Gains and losses from dives
Slide 26: Outlook FY 2026 as presented by Siemens Healthineers
Outlook FY 2026 as presented by Siemens Healthineers on July 31, 2026 Page 26 Unrestricted | © Siemens 2026 | Investor Relations | Q3 FY26 Analyst Call | 2026-08-06
Slide 27: Financial calendar and Investor Relations Contacts
Financial calendar August 6, 2026 September 9, 2026 September 22, 2026 September 24, 2026 November 12, 2026 Q3 Earnings Morgan Stanley Berenberg and Innotrans fair Q4 Earnings Release conference Goldman Sachs (Berlin) Release (London) conference (Munich) Investor Relations Contacts Tobias Atzler Nik