Siemens Energy Ag (SMEGF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and a warm welcome to the Siemens Energy Q2 and half-year results analyst call for fiscal year 2026. Following the pre-release of our preliminary figures on April 23, 2026, we published our full and final Q2 fiscal year 2026 results along with the half-year report this morning at 7 a.m. on our website. Our President and CEO Christian Bruch and our CFO Maria Ferrara are here with me. Christian and Maria will take you through the major developments during Q2 Fisk Year 2026. This will take approximately 30 minutes. Thereafter, Christian and Maria are available to answer your questions. For the entire conference call, we have allowed one hour. Christian, over to you. Thank you very much and good morning everyone and thank you for joining us today. Siemens Energy has delivered another strong quarter and I'm very proud how our team is executing successfully on the strong backlog, driving capacity expansion and managing through geopolitical challenges day after day. Let me flag up some highlights from the last quarter before Maria dives into the details of our quarter two results. We achieved a record order intake of 17.7 billion euros and with that a record order backlog of €154 billion. That record backlog comes with increasing backlog margins across all businesses. The demand for our products in the different regions remains strong, with good pricing and with gas services and grid technologies contributing materially. We continue to build a diversified backlog comprising different customer segments and regions, and I will refer to this later in the presentation. In the last quarter, I also spent time with our teams in the Middle East, and seeing how they support our customers while keeping everybody safe in a demanding situation gives me a lot of confidence ...