Siemens Energy stock gains 2.03 percent as Q3 growth accelerates

Published on 10/04/2026 at 10:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Siemens Energy stock posted EUR 145.42 on October 2, 2026, as Q3 revenue rose 18.5 percent to EUR 11.4 billion. Orders reached EUR 17.9 billion and backlog EUR 162 billion.

Isometrische 3D-Grafik zeigt Energietechnik-Wertschöpfungskette von Fertigung bis Stromnetz — Siemens Energy AG (DE000ENER6Y0) Wertschöpfungskette von Rohstoffgewinnung über Turbinenfertigung bis zum Stromnetz als isometrische 3D-Grafik, Illustration mit AI erstellt.

Siemens Energy stock (DE000ENER6Y0) was last at EUR 145.42 on Xetra on October 2, 2026, at 5:35 p.m. CEST, up 2.03 percent for the session. The move followed a fiscal Q3 that delivered record orders, revenue and profitability, with the latest company outlook still pointing toward the upper end of its margin range.

Q3 revenue reaches EUR 11.4 billion

According to Siemens Energy in its August 5, 2026 Q3 FY2026 release, comparable revenue increased 18.5 percent year over year to EUR 11.4 billion. The increase covered all segments and marked the companys highest quarterly revenue.

The earnings mix improved even faster. Profit before special items rose from EUR 497 million in Q3 FY2025 to EUR 1.623 billion in Q3 FY2026, while net income increased from EUR 697 million to EUR 1.188 billion in the same period, according to Siemens Energy.

Orders and backlog set the frame

Orders reached EUR 17.9 billion in Q3 FY2026, producing a book-to-bill ratio of 1.57 and lifting the backlog to EUR 162 billion, the company said in the same August 5, 2026 release. Free cash flow before taxes reached EUR 2.319 billion, compared with EUR 419 million a year earlier.

That combination gives the stock a clear operating support, but capacity remains the limiting factor. Siemens Energy said its FY2026 outlook was confirmed after the quarter, with the profit margin before special items trending toward the upper end of the previously raised 10 percent to 12 percent range.

JPMorgan sees EUR 245 target

According to Marketscreener on September 9, 2026, JPMorgan kept Siemens Energy at Overweight with a EUR 245 price target after talks with CEO Christian Bruch. The target lies 68.4 percent above the October 2 reference price, keeping execution and valuation central to the investment case.

Stock stays below yearly high

Siemens Energy was last at EUR 145.42 on Xetra on October 2, 2026, at 5:35 p.m. CEST, with a market capitalization of EUR 124.4 billion and volume of 1,531,630 shares. The 52-week range was EUR 94.40 to EUR 191.66, so the reference price stood 24.1 percent below the high.