Germany's Siemens AG Q3 revenue rises, lifts FY EPS pre PPA forecast

Siemens AG

06/08/2026 06:14

Overview
Germany industrial conglomerate's Q3 revenue rose 7% yr/yr to €20.8 bln
Net income for Q3 climbed 15% to €2.6 bln
Company raised full-year EPS pre PPA outlook to €11.20-€11.50

Outlook
Siemens raises fiscal 2026 EPS pre PPA outlook to €11.20-€11.50 from €10.70-€11.10
Company maintains fiscal 2026 comparable revenue growth forecast at 6%-8% and book-to-bill ratio above 1
Smart Infrastructure now sees fiscal 2026 comparable revenue growth of 10%-11% and profit margin of 18.5%-19.5%

Result Drivers
INDUSTRIAL BUSINESS IMPROVEMENTS - Co said profit surge was driven by improvements in most industrial businesses
SMART INFRASTRUCTURE ORDERS - Orders climbed 14% on a comparable basis, led by a sharp increase at Smart Infrastructure
STRATEGIC EXECUTION - Management cited execution of the ONE Tech Company program and focus on industrial AI as supporting profitable growth

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
EUR 20.80 bln
 
Q3 Net Income
 
EUR 2.60 bln
 
Q3 Orders
 
EUR 27.90 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Siemens AG is €299.50, about 4.7% above its August 5 closing price of €285.95
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

Reuters Recommended Reads
Aug 6 - Siemens raises guidance after posting highest ever industrial profit
Aug 4 - Rockwell Automation raises 2026 profit forecast on strong industrial demand
Aug 5 - German engineering orders rise 21% in June as overseas demand surges

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)