Siemens orders jump 58% to record in fourth quarter of 2026

Key Facts

Siemens reported results on November 12 for the fourth quarter of its 2026 fiscal year, which ended on September 30, posting growth in revenue and industrial profit and a record surge in orders. Quarterly revenue rose 11% to 23.7 billion euros, while comparable growth, excluding currency and portfolio effects, was 10%. The company said revenue increased across all industrial businesses, with Smart Infrastructure making the largest contribution. Industrial business profit reached a record 3.9 billion euros, up 22%, with a profit margin of 16.8%. The results capped a fiscal year in which the company recorded growth in revenue and orders.

Orders stood out as the quarter's strongest indicators, surging 58% to a record quarterly 34.8 billion euros. Orders grew across all industrial businesses, with strong contributions from Mobility and Smart Infrastructure. The book-to-bill ratio was 1.47, reflecting orders exceeding revenue generated during the quarter. Net income also rose 32% to 2.4 billion euros. Basic earnings per share were 2.80 euros, while earnings per share before purchase price allocation accounting reached 3.01 euros.

Revenue and industrial profit growth accelerated from the third quarter of the fiscal year, when revenue rose 7% to 20.8 billion euros and industrial business profit increased 25% to a record 3.5 billion euros. In the fourth quarter, nominal revenue growth rose to 11%, while comparable growth was 10%. Industrial business profit increased 22% to a new record of 3.9 billion euros. For fiscal 2026, revenue totaled 83.4 billion euros, with comparable growth of 8%. Annual comparable orders also rose 25% to a record 108.2 billion euros.

Chief Executive Roland Busch said digital business revenue rose 16% to 10.9 billion euros during the fiscal year, adding that "industrial AI represents an exceptional growth opportunity, and Siemens is well positioned to succeed in this field." The company counts the expansion of AI and digital infrastructure among the factors it expects to support the global economy in fiscal 2027, alongside public investment and improving industrial activity. In light of its 2026 performance, Siemens raised its medium-term comparable revenue growth target range to 7%-11%, from 6%-9% previously. For fiscal 2027, it expects comparable group revenue growth of between 9% and 11%. It also expects basic earnings per share before purchase price allocation accounting of between 10.20 and 10.80 euros.

Siemens proposed raising its annual dividend to 5.50 euros per share for fiscal 2026, compared with 5.35 euros in the previous year. The proposal is part of the company's decisions accompanying its annual results announcement, while its published growth and profitability forecasts for fiscal 2027 remain central to its forward guidance. SIEGY shares closed at 154.46 dollars on November 11, the session before the results announcement. That closing price is from before the announcement and does not represent a post-results price. The quarterly figures cover the period ended September 30, while the published forecasts cover fiscal 2027.