Siemens (SIE) Q3 2026 earnings summary

Executive summary

• Achieved record Q3 results with significant growth in orders, revenue, and backlog, driven by innovation, strong market positioning, and robust performance across Digital Industries, Smart Infrastructure, and Mobility segments.

• Continued execution of digitalization, AI, and regional expansion strategies, including the ONE Tech strategy.

• Raised earnings outlook for fiscal 2026 following robust nine-month performance and strong Q3 results.

Financial highlights

• Orders up 14% year-over-year to €27.9 billion; revenue up 8% to €20.8 billion; book-to-bill ratio at 1.34; backlog at €132 billion.

• Industrial business profit reached €3.5 billion, with a 17.3% margin; profit up 25% year-over-year.

• Earnings per share pre-PPA rose to €3.14.

• Free cash flow was €4.1 billion, up over 40% year-over-year; cash conversion rate improved to 1.61.

• Group revenue grew 8% year-over-year, led by Americas (+11%), EMEA (+6%), and Asia/Australia (+10%).

Outlook and guidance

• Fiscal 2026 EPS pre-PPA guidance raised to €11.20–€11.50 (previously €10.70–€11.10).

• Group revenue growth expected at the upper half of 6%-8% range or 8–10% per latest guidance.

• DI revenue growth guided at 7%-10% with a 17%-19% margin; SI revenue growth at 10%-11% with an 18.5%-19.5% margin; MO revenue growth at 5%-7%, margin 8%-10%.