Siemens Energy stock: record backlog supports 2027 outlook

Siemens Energy entered fiscal 2027 with a record order backlog and higher medium-term targets after reporting its fiscal 2026 results on November 11. The company said its backlog reached 164 billion euros at the end of the fiscal year, giving management a broad base for the next stage of growth.

For fiscal 2027, Siemens Energy expects comparable revenue growth of 14 to 16 percent and a profit margin before special items of 14 to 16 percent. Net income is expected to reach around 5 billion euros, while pre-tax free cash flow is forecast at around 10 billion euros.

Record Year Raises Execution Focus

According to the Siemens Energy earnings release, comparable fiscal 2026 revenue rose 15.5 percent to 44.2 billion euros. Profit before special items more than doubled to 5.486 billion euros, net income climbed to 4.129 billion euros and pre-tax free cash flow increased to 8.799 billion euros.

The company also said Siemens Gamesa reached break-even on profit before special items. The improvement across the portfolio supports the higher 2027 targets, but execution remains central as Siemens Energy converts its large project pipeline into revenue and cash flow.

Long-Term Margin Ambition

Siemens Energy aims for comparable annual revenue growth of 12 to 14 percent through fiscal 2030. The group targets a profit margin before special items of 20 to 22 percent by then, supported by structural demand for electricity, grid investment and power-generation capacity.

Siemens Energy stock traded at 131.18 euros on Lang & Schwarz at 17:12 CET on Friday, November 13, 2026, 1.01 percent below the Xetra close of Thursday, November 12. Since the November 13 morning update, when the stock was quoted at 134.22 euros, the price was down 2.26 percent.

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