Siemens Energy AG: Siemens Energy AG raises full-year outlook and releases preliminary results for Q2 FY 2026

Munich (pta027/23.04.2026/17:55 UTC+2)

Based on the positive business development in the first half-year and the strong market demand, Siemens Energy raises its outlook for fiscal year 2026. Siemens Energy also announces preliminary results for the second quarter of fiscal year 2026.

Outlook for fiscal year 2026

Siemens Energy now expects for the group to achieve comparable revenue growth (excluding currency translation and portfolio effects) in fiscal year 2026 in a range of 14% to 16% (before 11% to 13%) and a Profit margin before Special items between 10% and 12% (before between 9% and 11%). Siemens Energy expects a Net Income of around €4bn (before €3bn to €4bn) and a Free cash flow pre tax of around €8bn (before €4bn to €5bn).

Overall assumptions per business area

• Gas Services assumes a comparable revenue growth of 16% to 18% and a Profit margin before Special items of 14% to 16%.
• Grid Technologies now plans to achieve a comparable revenue growth of 25% to 27% (before 19% to 21%) and a Profit margin before Special items between 18% and 20% (before between 16% and 18%).
• Transformation of Industry expects a comparable revenue growth of 5% to 7% and a Profit margin before Special items of 11% to 13%.
• Siemens Gamesa now assumes a comparable revenue growth of 3% to 5% (before 1% to 3%) and a Profit margin before Special items still at break-even.

Preliminary results for the second quarter of fiscal year 2026

Siemens Energy

Orders: €17,749m (Q2 FY2025: €14,433m; consensus: €15,635m), up 29.5% comparable

Revenue: €10,294m (Q2 FY2025: €9,962m; consensus: €10,841m), up 8.9% comparable

Profit: €1,109m (Q2 FY2025: €615m; consensus: €1,184m)

Profit before Special Items: €1,164m (Q2 FY2025: €906m; consensus: €1,224m), reflecting a margin of 11.3% (Q2 FY2025: 9.1%; consensus: 11.3%)

Net Income: €835m (Q2 FY2025: €501m; consensus: €911m)

Free cash flow pre tax: €1,975m (Q2 FY2025: €1,390m)

Gas Services

Orders: €8,869m (Q2 FY2025: €7,038m; consensus: €7,306m), up 32.4% comparable

Revenue: €3,478m (Q2 FY2025: €3,163m; consensus: €3,558m), up 15.0% comparable

Profit before Special Items: €552m (Q2 FY2025: €511m; consensus: €621m), reflecting a margin of15.9% (Q2 FY2025: 16.1%; consensus: 17.4%)

Free cash flow pre tax: €1,814m (Q2 FY2025: €1,004m)

Grid Technologies

Orders: €6,996m (Q2 FY2025: €5,209m; consensus: €5,602m), up 41.5% comparable

Revenue: €3,067m (Q2 FY2025: €2,861m; consensus: €3,301m), up 12.3% comparable

Profit before Special Items: €524m (Q2 FY2025: €571m; consensus: €590m), reflecting a margin of 17.1% (Q2 FY2025: 19.9%; consensus: 17.9%)

Free cash flow pre tax: €735m (Q2 FY2025: €633m)

Transformation of Industry

Orders: €1,254m (Q2 FY2025: €1,564m; consensus: €1,565m), down 15.7% comparable

Revenue: €1,422m (Q2 FY2025: €1,411m; consensus: €1,466m), up 5.4% comparable

Profit before Special Items: €171m (Q2 FY2025: €155m; consensus: €174m), reflecting a margin of12.0% (Q2 FY2025: 11.0%; consensus: 11.9%)

Free cash flow pre tax: €46m (Q2 FY2025: €145m)

Siemens Gamesa

Orders: €846m (Q2 FY2025: €875m; consensus: €1,364m), up 3.3% comparable

Revenue: €2,526m (Q2 FY2025: €2,706m; consensus: €2,665m), up 0.4% comparable

Profit before Special Items: neg. €44m (Q2 FY2025: neg. €249m; consensus: neg. €74m), reflecting a margin of neg. 1.7% (Q2 FY2025: neg. 9.2%; consensus: neg. 2.8%)

Free cash flow pre tax: neg. €654m (Q2 FY2025: neg. €333m)

Siemens Energy AG will publish its full earnings release for the second quarter of fiscal year 2026 on May 12, 2026.

Explanations of financial measures used can be found in the Annual Report 2025 of Siemens Energy AG (available at www.siemens-energy.com/annual-report-2025), in particular in Section 2.2.

Siemens Energy AG is also guarantor for the bond with ISIN XS2601459162.

(end)

Emitter:	Siemens Energy AG Otto-Hahn-Ring 6 81739 München Germany
Contact Person:	Investor Relations
Phone:	+49 89 207084040
E-Mail:	investorrelations@siemens-energy.com
Website:	www.siemens-energy.com
ISIN(s):	DE000ENER6Y0 (Share)
Stock Exchange(s):	Regulated Market in Frankfurt; Free Market in Dusseldorf, Hamburg, Hannover, Munich, Stuttgart, Tradegate BSX