Siemens Energy lands €17.8bn orders

Siemens Energy said on April 23 that second-quarter orders reached €17.749 billion, and it raised its fiscal 2026 outlook. (siemens-energy.com) The German company said comparable revenue growth is now expected at 14% to 16%, up from 11% to 13%. It also raised its profit-margin target before special items to 10% to 12%, from 9% to 11%. (siemens-energy.com) Siemens Energy now expects net income of around €4 billion and free cash flow before tax of around €8 billion. Its earlier free-cash-flow forecast was €4 billion to €5 billion. (siemens-energy.com) The quarter’s order surge was led by Gas Services and Grid Technologies. Gas Services orders rose to €8.869 billion, while Grid Technologies orders climbed to €6.996 billion. (siemens-energy.com) Grid Technologies posted the fastest order growth, up 41.5% on a comparable basis from a year earlier. Gas Services orders rose 32.4% on the same basis. (siemens-energy.com) Siemens Energy had already signaled in February that demand was being driven by gas turbines, grid equipment and data-center expansion. In first-quarter results, it said orders hit €17.6 billion and backlog reached a record €146 billion. (siemens-energy.com) Chief Executive Christian Bruch said in the first-quarter release that market trends remained strong across regions and technologies. The company also said Siemens Gamesa still expects to break even in fiscal 2026. (siemens-energy.com 1) (siemens-energy.com 2) Bloomberg reported that Siemens Energy tied the stronger outlook to demand for gas turbines and energy-grid products. That puts the latest order jump in line with the company’s earlier comments on AI-linked power demand. (bloomberg.com) (siemens-energy.com) The full second-quarter earnings release is scheduled for May 12, 2026. For now, Siemens Energy’s message is that demand stayed strong enough to reset its 2026 targets higher. (siemens-energy.com)