Germany's Siemens raises fiscal 2026 EPS outlook after strong Q1

Siemens AG

12/02/2026 06:12

Overview

Germany's Siemens Q1 revenue rose 8% on a comparable basis, driven by industrial growth

Net income for Q1 was €2.2 bln, down from prior year's gain-inflated €3.9 bln

Company raised fiscal 2026 EPS pre PPA outlook to €10.70-€11.10 range

Outlook

Siemens raises fiscal 2026 EPS pre PPA outlook to €10.70-€11.10

Company expects fiscal 2026 Digital Industries revenue growth of 5%-10%

Siemens anticipates fiscal 2026 book-to-bill ratio above 1

Result Drivers

INDUSTRIAL GROWTH - Orders rose 10% on a comparable basis with double-digit increases in most industrial businesses

DIGITAL INDUSTRIES & SMART INFRASTRUCTURE - Profit Industrial Business increased to €2.9 bln due to improvements in Digital Industries and Smart Infrastructure

AI INTEGRATION - AI identified as a strong growth driver, with Siemens scaling industrial AI in core industries

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
EUR 19.10 bln
Q1 Net Income
EUR 2.20 bln
Q1 Orders
EUR 21.40 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 3 "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 €270.00, about 5.4% above its February 11 closing price of €256.25

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

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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.)