Siemens Aktiengesellschaft Announced Q2 2026 Earnings on May 13, 2026, Reporting "revenue growth reached 6%".

Siemens Aktiengesellschaft reported Q2 2026 group orders reached EUR 24.1 billion.

Overall, "revenue growth reached 6%" driven by Digital Industries and Smart Infrastructure.

Industrial Business profit reached EUR 3 billion, translating to a profit margin of 15.4%.

Free cash flow picked up to EUR 1.7 billion compared to the first quarter.

Earnings per share pre PPA were EUR 2.81, including a gain of EUR 172 million from the divestment of the airport logistics business in the U.S..The company emphasized its strategy to operate as a "ONE Tech company" driven by four key levers.

The first lever is digital growth, where digital business grew by 19% in the first half of fiscal year 2026.

Within Smart Infrastructure, the data center vertical stood out with "unprecedented triple-digit order growth in the quarter" driven by the build-out of cloud and AI infrastructure.

Mobility recorded an order value of around CHF 2 billion to deliver up to 200 double-deck trains based on the Desiro platform for the Swiss commuter rail networks.

Regarding forward guidance, Siemens confirmed its group level outlook for fiscal year 2026, expecting to reach the upper half of the group revenue growth guidance of 6% to 8%, and anticipating EPS pre PPA in the range of EUR 10.70 to EUR 11.10.

The fiscal year 2026 guidance for Digital Industries revenue growth was raised to a narrowed range of 7% to 10%.

Smart Infrastructure comparable revenue growth expectations were raised to the range of 8% to 10%.

Mobility lowered its full-year outlook for revenue growth to a range of 5% to 7% after taking into consideration the current situation of U.S. tariffs.

Siemens deepened its partnership with Alibaba to bring "advanced industrial software together with their cloud and AI capabilities" for customers in China. A new engineering agent called Eigen was launched, moving industrial AI from providing assistance to "autonomously planning and executing automation engineering tasks". The company also entered a strategic partnership with KION to turn warehouses from a physical hub into the digital nerve center for the supply chain using comprehensive digital twins.

Furthermore, the timeline for the spin-off of Siemens Healthineers shares was clarified for February 2027, and a new share buyback program of up to EUR 6 billion over a period of up to 5 years was announced.