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Siemens (SIE) investor relations material
Siemens Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
FY26 comparable revenue rose 8% to €83.4bn, orders increased 25% to €108.2bn, and EPS pre PPA grew 14% to €11.76.
FY26 free cash flow reached a record €12.096bn, up 12%; Industrial Business profit rose 13% to a record €13.292bn.
Q4 orders surged 58% to a record €34.8bn; Industrial Business profit was a record €3.9bn at a 16.8% margin.
Digital business revenue increased 16% to €10.9bn; Industrial AI was identified as a key opportunity for future growth.
Financial highlights
Q4 revenue rose 10% on a comparable basis and 11% reported to €23.7bn; free cash flow was €5.555bn.
Q4 EPS pre PPA was €3.01, up 31% nominally; net income rose 32% to €2.434bn.
FY26 net income was €9.474bn, down 9%; FY25 included a €2.1bn gain from the Innomotics sale.
FY26 free cash flow margin was 14.5%; comparable Digital Business revenue grew 16% to €10.9bn, and DI Software revenue rose 13% to €7.2bn.
Outlook and guidance
FY27 comparable revenue growth is expected at 9%–11%, with book-to-bill above 1 and EPS pre PPA of €10.20–€10.80, excluding Healthineers.
Midterm comparable revenue growth target increased to 7%–11% from 6%–9%; nominal EPS pre PPA growth target is double digit.
FY27 segment guidance: Digital Industries growth 8%–12%, margin 20%–22%; Smart Infrastructure 11%–13%, 19.5%–20.5%; Mobility 6%–8%, 8%–10%.
FY27 assumptions include continued global expansion, moderately higher R&D intensity, SG&A clearly below FY26 as a share of revenue, and no material FX impact.
FY27 outlook excludes Healthineers operating earnings, spin-off costs and transaction gain, future equity-method effects, and legal and regulatory burdens.
- Record FY26 profit and cash flow underpin higher FY27 growth guidance.SIE
Q4 2026 (Media) - Record Q3, raised outlook, strong growth in DI, SI, and robust free cash flow.SIE
Q3 2026 (Media) - Record Q3 growth, profit surge, and raised 2026 outlook driven by strong cash and segment results.SIE
Q3 2026 - Record results, AI-driven growth, Healthineers spin-off, and leadership transitions defined the AGM.SIE
AGM 2026 - Strong Q2 growth in orders and cash flow, with guidance and €6bn buyback confirmed.SIE
Q2 2026 (Media) - Acquisition of Altair for $10B creates the most complete AI-powered simulation portfolio.SIE
M&A Announcement - Q3 revenue up 5% with higher margins and net income, outlook confirmed, SI and Software lead.SIE
Q3 2024 - Orders and revenue rose strongly; major deals and robust segments support 2025 outlook.SIE
Q2 2025 - Net income up 52% on Innomotics sale; strong revenue, cash flow, and FY2025 outlook confirmed.SIE
Q1 2025
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Frequently asked questions
A significant impact on modern society through innovative products
Siemens is a German technology company that operates in various industries globally, including energy, healthcare, transportation, and manufacturing. Their diverse portfolio encompasses products, systems, and services that range from power generation and distribution to medical imaging and diagnostics, from intelligent infrastructure solutions to digital industrial automation. This is in addition to their vast portfolio of products catered towards private individuals.
Over 170 years of innovation
Siemens, founded in Berlin in 1847 by Werner von Siemens and Johann Georg Halske, has a rich history of groundbreaking innovations. One of their earliest breakthroughs was the development of a pointer telegraph, which revolutionized long-distance communication. In the following years, Siemens expanded into various industries, introducing advancements such as the electric dynamo, the first electric elevator, and the electric streetcar. Throughout the 20th century, Siemens continued to innovate and evolve, contributing to the fields of power generation, automation, medical technology, and transportation. Some notable breakthroughs include the development of the first X-ray tube, the introduction of the world's first automatic traffic light, and advancements in power transmission technology. Today, Siemens remains dedicated to technological advancements and innovation, driving progress in areas like digitalization, renewable energy, and industrial automation.
Some of Siemens’s competitors include other global companies such as GE, ABB, and Toshiba.
A massive company with a global presence
Siemens offers a wide range of products and services tailored to businesses and organizations in a wide array of different industries. In the energy sector, they provide solutions for power generation, transmission, and distribution, including gas and steam turbines, wind turbines, and grid automation systems. In healthcare, Siemens offers advanced medical imaging and laboratory diagnostics equipment, as well as healthcare IT solutions. Their transportation offerings include systems for railways, signaling and control systems, and intelligent traffic solutions. Additionally, Siemens provides digital industrial automation solutions, building technologies, and smart infrastructure solutions.
Not just B2B
Siemens offers a range of products and solutions for private individuals in various areas of everyday life. For homes, they provide appliances and systems for kitchen, laundry, and household needs, including refrigerators, washing machines, and smart home automation solutions. This simply scratches the surface of what Siemens produces for consumers, and together with their products aimed at commercial customers, the product range of the company can not be described as anything other than enormous and incredibly diverse.
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