Business
Ad-hoc: Siemens Energy AG raises full-year outlook and releases preliminary results for Q2 FY 2026
Ad-hoc: Siemens Energy AG raises full-year outlook and releases preliminary results for Q2 FY
About this update from Siemens Energy Ag
Based on the positive business development in the first half-year and the strong market demand, Siemens Energy raises its outlook for fiscal year 2026. Siemens Energy also announces preliminary results for the second quarter of fiscal year 2026. Outlook for fiscal year 2026 Siemens Energy now expects for the group to achieve comparable revenue growth (excluding currency translation and portfolio effects) in fiscal year 2026 in a range of 14% to 16% (before 11% to 13%) and a Profit margin before Special items between 10% and 12% (before between 9% and 11%). Siemens Energy expects a Net Income of around €4bn (before €3bn to €4bn) and a Free cash flow pre tax of around €8bn (before €4bn to €5bn). Overall assumptions per business area Gas Services assumes a comparable revenue growth of 16% to 18% and a Profit margin before Special items of 14% to 16%. Grid Technologies now plans to achieve a comparable revenue growth of 25% to 27% (before 19% to 21%) and a Profit margin before Special items between 18% and 20% (before between 16% and 18%). Transformation of Industry expects a comparable revenue growth of 5% to 7% and a Profit margin before Special items of 11% to 13%. Siemens Gamesa now assumes a comparable revenue growth of 3% to 5% (before 1% to 3%) and a Profit margin before Special items still at break-even. Preliminary results for the second quarter of fiscal year 2026 Siemens Energy Orders: €17,749m (Q2 FY2025: €14,433m; consensus: €15,635m), up 29.5% comparable Revenue: €10,294m (Q2 FY2025: €9,962m; consensus: €10,841m), up 8.9% comparable Profit: €1,109m (Q2 FY2025: €615m; consensus: €1,184m) Profit before Special Items: €1,164m (Q2 FY2025: €906m; consensus: €1,224m), reflecting a margin of 11.3% (Q2 FY2025: 9.1%; consensus: 11.3%) Net Income: €835m (Q2 FY2025: €501m; consensus: €911m) Free cash flow pre tax: €1,975m (Q2 FY2025: €1,390m) Gas Services Orders: €8,869m (Q2 FY2025: €7,038m; consensus: €7,306m), up 32.4% comparable Revenue: €3,478m (Q2 FY2025: €3,163m; consensus: €3,558m), up 15.0% comparable Profit before Special Items: €552m (Q2 FY2025: €511m; consensus: €621m), reflecting a margin of 15.9% (Q2 FY2025: 16.1%; consensus: 17.4%) Free cash flow pre tax: €1,814m (Q2 FY2025: €1,004m) Grid Technologies Orders: €6,996m (Q2 FY2025: €5,209m; consensus: €5,602m), up 41.5% comparable Revenue: €3,067m (Q2 FY2025: €2,861m; consensus: €3,301m), up 12.3% comparable Profit before Special Items: €524m (Q2 FY2025: €571m; consensus: €590m), reflecting a margin of 17.1% (Q2 FY2025: 19.9%; consensus: 17.9%) Free cash flow pre tax: €735m (Q2 FY2025: €633m) Transformation of Industry Orders: €1,254m (Q2 FY2025: €1,564m; consensus: €1,565m), down 15.7% comparable Revenue: €1,422m (Q2 FY2025: €1,411m; consensus: €1,466m), up 5.4% comparable Profit before Special Items: €171m (Q2 FY2025: €155m; consensus: €174m), reflecting a margin of 12.0% (Q2 FY2025: 11.0%; consensus: 11.9%) Free cash flow pre tax: €46m (Q2 FY2025: €145m) Siemens Gamesa Orders: €846m (Q2 FY2025: €875m; consensus: €1,364m), up 3.3% comparable Revenue: €2,526m (Q2 FY2025: €2,706m; consensus: €2,665m), up 0.4% comparable Profit before Special Items: neg. €44m (Q2 FY2025: neg. €249m; consensus: neg. €74m), reflecting a margin of neg. 1.7% (Q2 FY2025: neg. 9.2%; consensus: neg. 2.8%) Free cash flow pre tax: neg. €654m (Q2 FY2025: neg. €333m) Siemens Energy AG will publish its full earnings release for the second quarter of fiscal year 2026 on May 12, 2026. Explanations of financial measures used can be found in the Annual Report 2025 of Siemens Energy AG (available at https://www.siemens-energy.com/annual-report-2025 ), in particular in Section 2.2. Siemens Energy AG is also guarantor for the bond with ISIN XS2601459162. Contact for journalists Oliver Sachgau Financial Spokesperson [email protected] +49 173 272 9231 Contact for journalists Tim Proll-Gerwe Head of External Communications [email protected] + 49 1522 2835652 Siemens Energy is one of the world's leading energy technology companies. The company works with its customers and partners on energy systems for the future, thus supporting the transition to a more sustainable world. With its portfolio of products, solutions and services, Siemens Energy covers almost the entire energy value chain - from power and heat generation and transmission to storage. The portfolio includes conventional and renewable energy technology, such as gas and steam turbines, hybrid power plants operated with hydrogen, and power generators and transformers. Its wind power subsidiary Siemens Gamesa makes Siemens Energy a global market leader for renewable energies. An estimated one-sixth of the electricity generated worldwide is based on technologies from Siemens Energy. Siemens Energy employs around 104,000 people worldwide in more than 90 countries and generated revenue of €39.1 billion in fiscal year 2025. Read more Read less