Siemens Aktiengesellschaft Q1 2026 Earnings Recap

Siemens AG demonstrated a robust start to fiscal 2026, achieving an 8% increase in revenue along with record order backlog driven primarily by strong performance in Smart Infrastructure and Digital Industries.

Key Takeaways

• Q1 orders rose 10% year-over-year to EUR 21.4 billion, with a book-to-bill ratio of 1.12, resulting in a record order backlog of EUR 120 billion.
• Revenue growth across all business units was led by Smart Infrastructure, which saw a significant 22% increase in its electrification segment.
• Profit in the Industrial business reached EUR 2.9 billion, with a profit margin of 15.6%, exceeding market expectations despite currency translation challenges.
• Siemens raised its earnings per share outlook for fiscal 2026, supported by strong demand in data center projects and a strategic partnership with Samsung C&T.
• The company is actively expanding its digital and AI capabilities, positioning itself as a leader in the industrial AI space.