Siemens Energy reported record results for the fiscal year ending 30 September 2026, meeting or exceeding all its revised financial targets. Comparable revenue increased by 15.5%, while the profit margin before special items more than doubled to 12.4%.
Net income exceeded €4 billion and free cash flow before tax nearly doubled to €8.8 billion. Earnings per share increased to €4.44, compared with €1.63 in fiscal 2025.
All business segments contributed to the results. Siemens Gamesa made the largest improvement, increasing its profit before special items by almost €1.4 billion to €8 million, reaching break-even for the full year. It also recorded a second consecutive quarter of positive results.
Orders increased by 18.8% on a comparable basis to €68.1 billion. Gas Services was the main contributor, with orders rising by 45.9% to €32.8 billion. Grid Technologies recorded a 14.5% increase to €24 billion, while Transformation of Industry grew by 6.5% to €6.3 billion. Siemens Gamesa's orders declined by 31.1% to €5.9 billion, partly reflecting a strong comparative period that included major Baltic Sea projects.
Profit before special items increased to €5.5 billion, with the corresponding margin rising from 6% in fiscal 2025 to 12.4%.
For fiscal 2027, Siemens Energy expects comparable revenue growth of 14–16% and a profit margin before special items of 14–16%. Net income is forecast to reach around €5 billion, while free cash flow before tax is expected to be approximately €10 billion.
For fiscal 2030, the company is targeting annual comparable revenue growth of 12–14% and a profit margin before special items of 20–22%.
