Germany's Siemens Q2 net income falls

Siemens AG

13/05/2026 06:16

Overview

Germany industrial conglomerate's net income for Q2 fell compared to last year, partly due to prior-year one-off gain

Company announced new €6 bln share buyback program over five years

Outlook

Siemens confirms its outlook for fiscal 2026 at Group level despite increased economic uncertainty

Company says it is well positioned to reach full-year group targets

Result Drivers

DIGITAL INDUSTRIES GROWTH - Digital Industries segment saw higher orders and revenue, with software business up 14% and profit margin rising to 18.5%

SMART INFRASTRUCTURE CONTRACTS - Smart Infrastructure orders rose 35% driven by large data center and semiconductor contracts, mainly in the U.S.

MOBILITY PROFIT PRESSURE - Mobility segment profit declined mainly due to U.S. tariffs and delayed project call-offs

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
EUR 2.20 bln


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(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.)