Siemens Reported Solid Results in the Opening Quarter of FY 2026
Siemens had a successful start to fiscal 2026 with a strong performance in the first quarter that ended December 31, 2025.

Nvidia CEO Jensen Huang said the company received assurances from US authorities that it would be given a license to resume sales of its H20 chip in China. The product is currently subject to export restrictions.
The company is in the process of filing the relevant applications with the executive, and hopeful deliveries to customers would commence soon. Nvidia reportedly saw a surge in demand for the H20 chip from China’s tech giants in February 2025. It was its highest spec offering available in the market, and at the time, it wasn’t subject to the same export restrictions as higher-end products.
However, in April, the company was informed that export of the chip to countries under curbs would require a licence due to a perceived risk that it could be used in a supercomputer in China. The restriction led to the tech giant taking a $5.5 billion hit in its financial results.
The decision to approve H20 sales to China is part of the US negotiations on rare earths, Commerce Secretary Howard Lutnick said, and comes days after Huang met with President Donald Trump.