Siemens Energy stock jumps as record year lifts 2027 outlook

Siemens Energy reported a record fiscal 2026 on Wednesday, November 11, and set a stronger growth and profitability path for the next four years. In its earnings release, the company said it met or exceeded all raised fiscal 2026 targets.

Siemens Energy stock traded at 130.62 euros on Lang & Schwarz at 11:50 CET on Wednesday, November 11, 2026, 9.00 percent above the Xetra close of Tuesday, November 10. The Xetra closing price was 119.84 euros, according to RTTNews.

Revenue and earnings accelerate

Fiscal 2026 revenue rose 15.5% on a comparable basis to 44.2 billion euros, with every segment contributing to growth. Orders increased 18.8% on the same basis to 68.1 billion euros, lifting the year-end order backlog to a record 164 billion euros. The book-to-bill ratio reached 1.54.

Profit before special items more than doubled to 5.486 billion euros from 2.355 billion euros a year earlier. Net income rose to 4.129 billion euros from 1.685 billion euros, while basic earnings per share increased to 4.44 euros from 1.63 euros. Free cash flow before tax climbed to 8.799 billion euros from 4.663 billion euros.

The fourth quarter also set a revenue record at 12.8 billion euros, up 21.5% on a comparable basis. Profit before special items more than tripled to 1.540 billion euros. Special items were positive by 184 million euros, mainly because Siemens Energy reversed impairments on aeroderivative gas turbine assets.

Wind turnaround supports outlook

Siemens Gamesa delivered a positive result for the second consecutive quarter and reached break-even for fiscal 2026 on profit before special items. The wind division's turnaround removes a major drag from the group, although management expects its fiscal 2027 margin to remain between 0% and 2%.

For fiscal 2027, Siemens Energy expects comparable revenue growth of 14% to 16% and a profit margin before special items of 14% to 16%, compared with 12.4% in fiscal 2026. The company also expects net income of around 5 billion euros and free cash flow before tax of around 10 billion euros.

Management pointed to rising electricity demand, data-center investment, grid modernization and the need for resilient power supply as key market supports. Gas Services is expected to post comparable revenue growth of 24% to 26%, while Grid Technologies is projected to grow 22% to 24%.

Siemens Energy plans to propose a fiscal 2026 dividend of 2.30 euros per share, compared with 0.70 euros for fiscal 2025. It also intends to repurchase up to an additional 9 billion euros of its own shares through the end of fiscal 2030.

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