Siemens stock gains after record orders and raised 2027 outlook

Siemens reported record orders for the final quarter of fiscal 2026 on Thursday, November 12, citing strong demand across its industrial businesses. In its earnings release, the company said quarterly orders jumped 58 percent to a record 34.8 billion euros, while revenue increased 11 percent to 23.7 billion euros. Siemens stock traded at 278.35 euros on Lang & Schwarz at 11:45:36 CET on Friday, November 13, 1.19 percent below the Xetra close of Thursday, November 12.

Industrial momentum strengthens

Growth reached all industrial businesses, with particularly strong contributions from Mobility and Smart Infrastructure. The book-to-bill ratio was 1.47, indicating that incoming orders exceeded revenue by a wide margin during the quarter.

Profit in the Industrial Business rose 22 percent to a record 3.9 billion euros. The margin improved to 16.8 percent. Net income climbed 32 percent to 2.4 billion euros, producing basic earnings per share of 2.80 euros and EPS before purchase price allocation accounting of 3.01 euros.

For the full fiscal year, Siemens recorded 108.2 billion euros in orders and 83.4 billion euros in revenue. Comparable revenue growth reached 8 percent, at the upper end of the company's previous guidance. Industrial Business profit increased 13 percent to 13.3 billion euros, while free cash flow reached a record 12.1 billion euros.

Fiscal 2027 guidance moves higher

Siemens expects comparable revenue growth of 9 percent to 11 percent in fiscal 2027 and a book-to-bill ratio above 1. EPS before purchase price allocation accounting is forecast at 10.20 euros to 10.80 euros. The outlook excludes Siemens Healthineers effects as Siemens prepares a direct spin-off and plans to deconsolidate the business.

The company said the outlook assumes continued investment in artificial intelligence and digital infrastructure, public investment programs and a recovery in industrial activity. Siemens also raised its medium-term comparable revenue growth target to 7 percent to 11 percent from 6 percent to 9 percent and expects double-digit medium-term EPS growth.

Shareholder returns remain in focus

Management proposed increasing the dividend to 5.50 euros per share from 5.35 euros for the previous fiscal year. Chief Executive Officer Roland Busch described industrial AI as a major growth opportunity and said Siemens intends to scale the technology across its digital offering.

The results give investors a stronger order backdrop, but the fiscal 2027 EPS range is presented on a basis excluding Siemens Healthineers. That accounting change makes comparisons with the reported fiscal 2026 result less direct and leaves execution in Mobility, Smart Infrastructure and Digital Industries central to the investment case.

Germany's DAX market provides the broader setting for Siemens shares.

More news and analyses on Siemens stock.

Siemens AG at a glance

• Company: Siemens AG
• ISIN: DE0007236101
• Ticker: SIE.DE
• Lang & Schwarz price: 278.35 euros at 11:45:36 CET on November 13, 2026
• Change versus Xetra close: -1.19 percent versus 281.70 euros on November 12, 2026
• Fiscal 2027 revenue outlook: 9 percent to 11 percent comparable growth
• Proposed dividend: 5.50 euros per share