Siemens Energy's profit more than triples as orders hit record €17.9 billion
Siemens Energy’s profit before special items more than tripled to €1.62 billion in the third quarter of fiscal 2026 from €497 million a year earlier. Record orders and rising electricity demand boosted every part of the business.
The results were published in Munich on August 5, 2026. Investors have already bid up the stock as a proxy for the AI power crunch.
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The earnings release said that order intake was another record at €17.9 billion. The growth was mainly driven by demand from the United States, said Siemens Energy.
Gas Services also reported a record order intake of its own, while Grid Technologies and Transformation of Industry also rose. The order load left a book-to-bill ratio of 1.57, meaning the company took in far more work than it billed. Backlog was €162 billion at the end of June.
On an organic basis, excluding currency and portfolio effects, comparable sales rose 18.5% to €11.4 billion, the highest figure for a quarter so far. Net income was €1,188 million compared with €697 million in the prior year.
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