Siemens seeing "exceptional" demand in data centre market
06/08/2026 07:00
Siemens seeing "exceptional" demand in data centre market Aug 6 (Reuters) - Siemens SIEGn.DE is seeing "exceptional momentum" supplying products and components for data centres being built to power artificial intelligence, Chief Executive Roland Busch said on Thursday.
"In the first nine months of fiscal 2026, our order volume reached nearly €6 billion ($6.9 billion), a triple-digit percentage increase over the prior year," Busch told reporters after Siemens reported its Q3 results.
"Our order backlog and existing agreements provide visibility well into 2027 and even beyond, and the pipeline looks healthy," he added.
($1 = 0.8661 euros)
(Reporting by John Revill, editing by Thomas Seythal)
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