Siemens hits all-time high after Q1 beat

Siemens AG

12/02/2026 08:34

** Siemens' shares rise 6.3%, reaching an all-time high, after the German engineering group reported Q1 industrial profit above expectations

** The company reported Q1 industrial profit of 2.90 billion euros ($3.44 billion) on Thursday, 10% above analyst consensus,  lifting its 2026 outlook range for basic EPS from 10.40-11.00 euros to 10.70-11.10 euros

** Analysts pointed to the company's digital industries orders as the driver of better-than-expected results, as the CEO confirmed AI integration across Siemens' core industries

** "Siemens Q125/26 was a strong and broad-based beat on order and revenue growth and showed a clear margin improvement in IB, driven by Digital Industries and Smart Infrastructure," a local trader said, noting free cash flow as a weak spot

** Citigroup highlights the impact of factory automation business on beats in volume and margins, adds that orders beat expectatations notably in smart infrastructure, supported by datacentres

** It set a target price of 290 euros, almost 12% higher than at market close on Wednesday

($1 = 0.8428 euros)

 (Reporting by Danny Callaghan)

 ((danny.callaghan@thomsonreuters.com))