Siemens Energy AG Earnings Recaps
Q1 2026
Feb 11, 2026
Siemens Energy achieved a record-breaking Q1 in FY 2026, with order bookings reaching nearly EUR 18 billion, driven by strong demand across multiple sectors and robust execution of its backlog.
Key takeaways
- Order backlog increases to EUR 146 billion, providing strong visibility for future performance.
- Gas Services reports its strongest quarter ever with 102 gas turbines booked, reflecting over 50% of last year's annual volume in just one quarter.
- Grid Technologies sees significant growth in the Americas, with orders up nearly 60% on a comparable basis and revenue increasing by approximately 25%.
- Underlying demand for renewable energy integration and grid stabilization remains strong across all regions, highlighting the company's strategic positioning amid shifting energy trends.
- Profitability improvements at Siemens Gamesa progress towards breakeven, supported by enhanced productivity and cost management.
Q4 2025
Nov 15, 2025
Siemens Energy delivered strong Q4 results for Fiscal Year 2025, achieving a 15% revenue growth and significant margin improvement, underscoring a successful turnaround and solid market demand across its core segments.
Key takeaways
- Revenue increased to nearly EUR 40 billion, reflecting a 15% growth year-over-year.
- Order backlog reached a record EUR 138 billion, up approximately 75%, providing strong visibility for future growth.
- Achieved a 500 basis point improvement in profit margin, driven by operational excellence and higher-margin orders.
- Successfully doubled gas turbine sales and significantly increased grid technology revenue, particularly in North America.
- Set ambitious targets for Fiscal Year 2026, aiming for revenue growth of 11% to 13% and profit margins of 9% to 11%.