Siemens stock jumps as orders surge 58% in fiscal Q4

Siemens reported record orders and stronger profitability for the fourth quarter of fiscal 2026 on Thursday, November 12, after releasing its results at 7:00 a.m. CET. The company's earnings release said orders surged 58 percent to a quarterly record of 34.8 billion euros. Revenue increased 11 percent to 23.7 billion euros, while Industrial Business profit rose 22 percent to 3.9 billion euros.

Siemens stock traded at 286.03 euros on Lang & Schwarz at 11:51 CET on Thursday, November 12, 2026, 3.26 percent above the Xetra close of Wednesday, November 11, 2026. The comparison uses the 277.00-euro Xetra close reported by the Financial Times.

Orders and profit set records

The quarterly book-to-bill ratio reached 1.47, indicating that incoming orders exceeded revenue by a wide margin. Net income climbed 32 percent to 2.4 billion euros, basic earnings per share reached 2.80 euros and EPS before purchase price allocation accounting came to 3.01 euros. Free cash flow for the Siemens Group rose to a quarterly record of 5.6 billion euros.

Mobility and Smart Infrastructure made particularly strong contributions to the order performance. Siemens said demand from large rail projects and infrastructure for artificial intelligence data centers supported the quarter. Reuters reported that industrial profit exceeded the analyst consensus of 3.71 billion euros, while quarterly revenue also surpassed the 23.39-billion-euro forecast.

Fiscal year ends on stronger footing

For the full fiscal year, orders rose to a record 108.2 billion euros and revenue reached 83.4 billion euros, with comparable revenue growth of 8 percent at the upper end of the company's guidance. Industrial Business profit increased 13 percent to 13.3 billion euros. Net income declined to 9.5 billion euros from 10.4 billion euros, but the comparison was affected by a 2.1-billion-euro gain from the sale of Innomotics in fiscal 2025. Free cash flow nevertheless rose to a record 12.1 billion euros.

Siemens proposes increasing the dividend to 5.50 euros per share from 5.35 euros. The company also plans to transfer 34.1 percent of its stake in Siemens Healthineers to shareholders during fiscal 2027, at a ratio of one Healthineers share for every two Siemens shares. Siemens intends to deconsolidate Healthineers, and its future contribution will therefore be excluded from the group's fiscal 2027 outlook.

Industrial AI shapes the outlook

For fiscal 2027, Siemens expects comparable Group revenue growth of 9 to 11 percent and EPS before purchase price allocation accounting of 10.20 to 10.80 euros. The company expects Digital Industries to grow 8 to 12 percent on a comparable basis, Smart Infrastructure 11 to 13 percent and Mobility 6 to 8 percent. Management said investment in AI and digital infrastructure, public programs and improving industrial activity should support the global economy.

CEO Roland Busch described industrial AI as an exceptional growth opportunity and said Siemens is expanding its digital offerings through Siemens Xcelerator. The company reported that digital business revenue rose 16 percent in fiscal 2026. For investors, the results combine strong order momentum with a higher medium-term growth target, while the Healthineers separation will change the basis for future Group comparisons.

The broader German market remains relevant for Siemens stock through the DAX market environment.

Further results, outlook updates and company developments are available in More news and analyses on Siemens stock.