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. After this strong start to the fiscal year, the company raised its outlook for basic EPS from net income before purchase price allocation accounting.

In 1Q26, Siemens increased orders 10% to €21.4 billion. Order growth was led by Smart Infrastructure, which posted record-high order intake, and was supported by significant growth at Digital Industries and a considerable increase at Mobility. Revenue grew on a broad basis across the industrial businesses 8% on a comparable basis to €19.1 billion. The book-to-bill ratio was a strong 1.12. The order backlog reached a record high of €120 billion at the end of Q1.

“Our strong first-quarter performance shows that we’re delivering on our strategy. Siemens is very well positioned in its growth markets. Artificial intelligence is a strong growth driver for our businesses. We’re scaling industrial AI in our core industries together with world-class partners. By integrating AI deeply into design, development, products, and operations, we’re adding measurable value for our customers,” said Roland Busch, President and CEO of Siemens.

Net income was strong at €2.2 billion. For comparison, net income in the previous year was €3.9 billion and had benefited from a €2.1 billion gain after tax from the sale of Innomotics. “Our strong operating performance translated into high profitability in the first quarter. We are continuing to rigorously execute our strategy, and our accelerated share buyback program is consistently creating value for shareholders,” said Ralf P. Thomas, Chief Financial Officer of Siemens.