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Siemens Energy (ENR) investor relations material
Siemens Energy Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record order intake of €17.6bn in Q1 FY2026, up 34% year-over-year, with broad-based demand across all regions and business areas.
Order backlog reached a new high of €146bn, providing strong visibility for FY2026 and beyond.
Revenue grew 12.8% year-over-year to €9.7bn, with all segments contributing.
Net income rose to €746m, up €494m year-over-year, with basic EPS at €0.79.
Free cash flow reached a record €2.9bn, nearly doubling last year's result.
Financial highlights
Book-to-bill ratio was 1.82, indicating strong order momentum.
Profit before special items was €1,159m, margin of 12% (up from 5.4% last year).
Special items were negative €152m, mainly due to the sale of the Indian wind business.
Adjusted net cash position at quarter-end was €7.6bn.
CapEx for the quarter was €347m; full-year CapEx expected at 5% of revenues (~€2.5bn).
Outlook and guidance
FY2026 and FY2028 targets remain unchanged, with strong Q1 performance but caution on seasonality (stronger H1 than H2).
FY2026 guidance confirmed: revenue growth of 11–13%, profit margin before special items of 9–11%.
Net income guidance for FY2026 is €3bn–€4bn; free cash flow pre-tax expected at €4bn–€5bn.
Revenue coverage for FY2026 is ~90%, and for FY2027 just over 70%.
Management will reassess guidance at the half-year mark.
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