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Press Release06 August 2026Siemens AGMunich
Earnings Release and Financial Results Q3 FY 2026
- Third-quarter orders climbed 14% on a comparable basis, excluding currency translation and portfolio effects, led by a sharp increase at
Smart Infrastructure; comparable revenue rose 8%, with increases in all industrial businesses - On a nominal basis, orders reached a record €27.9 billion, up 13%, and revenue rose 7% to €20.8 billion for a very strong book-to-bill
ratio of 1.34 - Profit Industrial Business surged 25% to a record €3.5 billion, with a profit margin of 17.3%, on improvements in most industrial businesses
- Net income rose 15% to €2.6 billion; corresponding basic earnings per share (EPS) were €2.93, and EPS before purchase price allocation accounting (EPS pre PPA) were €3.14
- Excellent cash generation resulted in sharply higher Free cash flow of €4.1 billion for the Siemens Group
- Third-quarter orders climbed 14% on a comparable basis, excluding currency translation and portfolio effects, led by a sharp increase at
Smart Infrastructure; comparable revenue rose 8%, with increases in all industrial businesses - On a nominal basis, orders reached a record €27.9 billion, up 13%, and revenue rose 7% to €20.8 billion for a very strong book-to-bill
ratio of 1.34 - Profit Industrial Business surged 25% to a record €3.5 billion, with a profit margin of 17.3%, on improvements in most industrial businesses
- Net income rose 15% to €2.6 billion; corresponding basic earnings per share (EPS) were €2.93, and EPS before purchase price allocation accounting (EPS pre PPA) were €3.14
- Excellent cash generation resulted in sharply higher Free cash flow of €4.1 billion for the Siemens Group
We delivered another very successful quarter with record orders and profit. By executing our ONE Tech Company program, we’ve been accelerating our innovation, which is enabling us to create additional value for our customers. Our technological leadership in all businesses, clear focus on industrial AI, and strong positioning in attractive markets are driving our profitable growth. We have exactly the technologies our customers need to speed up their innovation, increase their productivity and drive their digital transformations. We are on track to complete another successful fiscal year, and we raise our outlook.
Roland
Busch, President and Chief Executive Officer of Siemens AG
We delivered excellent free cash flow of €4.1 billion in the third quarter, which reflects our strong operational performance. For the full fiscal year, we once again aim to achieve a double-digit free-cash-flow return on revenue. We’re executing our strategy consistently, and our newly launched share-buyback program continues to create value for our shareholders. As expected, we’ve now received binding decisions from the tax authorities clarifying the relevant tax topics. As a result, we can proceed with the spin-off of Siemens Healthineers as planned.
Veronika Bienert, Chief Financial Officer of Siemens AG
Please read the complete Earnings Release and Financial Results: Earnings Release Q3 FY 2026, April 1 to June 30, 2026
The financial publications can be downloaded at
Outlook
Following the strong first nine months of the current fiscal year, we raise our fiscal 2026 outlook for EPS pre PPA to a range of €11.20 to €11.50 (previously €10.70 to €11.10).
We continue to expect comparable revenue growth for the Siemens Group in the range of 6% to 8% and a book-to-bill ratio above 1 for fiscal 2026.
Digital Industries continues to expect comparable revenue growth of 7% to 10% and a profit margin of 17% to 19% for fiscal 2026.
Smart Infrastructure now expects for fiscal 2026 comparable revenue growth of 10% to 11% (previously 8% to 10%) and a profit margin of 18.5% to 19.5% (previously 18% to 19%).
Mobility continues to expect for fiscal 2026 comparable revenue growth of 5% to 7% and a profit margin of 8% to 10%.
This outlook excludes burdens from legal and regulatory matters.
Press Event
Notes and forward-looking statements
Starting today at 08:00 a.m. CEST, the press conference call on Siemens’ third-quarter results for fiscal 2026 will be broadcast live at
www.siemens.com/conferencecall.
Starting today at 09:30 a.m. CEST, you can also follow the conference call for analysts live in English at
www.siemens.com/analystcall.
Recordings of both conference calls will be made available afterwards.
The financial publications can be downloaded at:
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decrees, decisions, assessments or requirements of regulatory or governmental authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.
This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.
Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures. This document is a Quarterly Statement according to Section 53 of the Exchange Rules for the Frankfurter Wertpapierbörse.
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