Siemens Healthineers falls as guidance cut overshadows strong orders

Siemens Healthineers AG

31/07/2026 07:52

** Shares in Siemens Healthineers SHLG.DE fall 4.6% in early Frankfurt trade as the cut to its 2026 revenue growth forecast overshadows strong orders and a higher earnings outlook
** The company cut its FY revenue growth forecast to 3.5%-4.0% from 5%-6%, while raising EPS guidance to €2.35-2.45 due to U.S. tariff refunds
** A local trader points to the lower sales growth outlook as reflecting an "ongoing dull Diagnostics business", despite a "very pleasing" book-to-bill ratio
** JPMorgan says the quarter's "key highlight" was a book-to-bill ratio of 1.27, but notes revenue missed expectations amid softer Imaging sales and continued Diagnostics weakness in China
** The EPS guidance increase mainly reflects U.S. tariff refunds, while management's FY27 commentary suggests "double-digit EPS growth in FY27 is unlikely", the broker adds
** The stock is down about 17.2% YTD as of Thursday's close
     
($1 = 0.8685 euros)

(Reporting by Kira Britten and Simon Ferdinand Eibach)
((Kira.britten@thomsonreuters.com))