Siemens Energy stock posts record year as 2030 targets rise
Published on 11/11/2026 at 17:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRecord Results Raise Long-Term Targets
- Siemens Energy met or exceeded all raised fiscal 2026 targets and returned Siemens Gamesa to break-even.
- Management expects 14% to 16% comparable revenue growth and a 14% to 16% profit margin before special items in fiscal 2027.
- The company plans a proposed 2.30 euro dividend and up to 9 billion euros in additional share buybacks through fiscal 2030.
Siemens Energy reported a record fiscal 2026 on Wednesday, November 11, and set a higher growth and profitability path through fiscal 2030. The company met or exceeded all raised targets, while Siemens Gamesa reached break-even on profit before special items.
Record Year Strengthens Outlook
According to the Siemens Energy earnings release, comparable fiscal 2026 revenue increased 15.5% to 44.2 billion euros. Orders rose 18.8% to 68.1 billion euros, lifting the year-end backlog to 164 billion euros.
Profit before special items more than doubled to 5.486 billion euros, while net income climbed to 4.129 billion euros. Pre-tax free cash flow reached 8.799 billion euros. In the fourth quarter, revenue rose 21.5% on a comparable basis to a record 12.8 billion euros, and profit before special items more than tripled to 1.540 billion euros.
Growth Targets Move Higher
For fiscal 2027, Siemens Energy expects comparable revenue growth of 14% to 16% and a profit margin before special items of 14% to 16%, compared with 12.4% in fiscal 2026. Net income is expected to reach around 5 billion euros and pre-tax free cash flow around 10 billion euros.
The company targets comparable annual revenue growth of 12% to 14% through fiscal 2030 and a profit margin before special items of 20% to 22%. Gas Services and Grid Technologies are expected to remain the main growth engines, supported by electricity demand, data-center investment and grid modernization.
Capital Returns Add Support
Siemens Energy plans to propose a fiscal 2026 dividend of 2.30 euros per share, compared with 0.70 euros for fiscal 2025. It also intends to repurchase up to an additional 9 billion euros of its own shares through the end of fiscal 2030.
Siemens Energy stock traded at 132.07 euros on Lang & Schwarz at 17:18 CET on Wednesday, November 11, 2026. Compared with the 119.76 euros quoted at 17:59 CET on Tuesday, November 10, the share was 10.28% higher. The comparison reflects the move since the previous report and is separate from the Xetra daily close.
Siemens Energy AG
- ISIN: DE000ENER6Y0
- Ticker: ENR.DE
- Home exchange: Frankfurt and Xetra
- Lang & Schwarz price: 132.07 euros at 17:18 CET on November 11, 2026
- Fiscal 2026 revenue: 44.2 billion euros
- Fiscal 2026 pre-tax free cash flow: 8.799 billion euros
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More news and analyses on Siemens Energy stock will follow the company's results, guidance and capital-return plans.
