Siemens Accelerates Share Buybacks Amid AI-Driven Growth

Siemens AG accelerates its share repurchase program, fueled by record order backlog and strong AI-driven demand, signaling confidence in its attractive valuation.

Siemens AG is putting its capital where its confidence lies. The global industrial technology group has significantly ramped up its ongoing share repurchase initiative, moving beyond mere verbal assurances to concrete action. With order books at record levels and artificial intelligence fueling demand, investors are weighing whether this internal vote of confidence can propel the stock back toward its peak.

Operational Strength Fuels Financial Confidence

The company's assertive move is underpinned by robust operational performance. The first quarter of fiscal 2026 provided compelling evidence: order intake rose by 10 percent on a comparable basis, while the order backlog reached an all-time high of 120 billion euros.

A primary catalyst is the worldwide competition for computing power. Siemens has successfully positioned itself as a critical infrastructure provider in the AI boom. In the opening quarter alone, the company secured orders worth 1.8 billion euros from the data center sector. Its Smart Infrastructure and Digital Industries divisions are direct beneficiaries of the infrastructure requirements for artificial intelligence, a dynamic that also supported management's decision to raise the full-year profit forecast.

Buyback Program Gains Momentum

Management has stepped on the gas in acquiring its own shares. In just the week of February 16 to 22, 2026, the conglomerate repurchased approximately 355,000 shares via the Frankfurt Stock Exchange. This brings the total number of shares acquired since the program's inception to over 21 million.

While such programs can support a share price, the scale here sends a clear signal: the executive board fundamentally views the current valuation as attractive. This is notable even as the stock experienced a slight dip of 1.18 percent to 246.20 euros in the latest session.

Strategic Focus and Share Performance

Alongside its operational momentum, Siemens is sharpening its strategic focus. The planned reduction of its stake in Siemens Healthineers is designed to free up resources, allowing for further expansion of its position in the industrial value chain.

Despite a recent phase of consolidation, the share price remains in positive territory for the year, showing a gain of 2.20 percent since January. The gap to its 52-week high of 261.55 euros now stands at less than 6 percent. The combination of aggressive share repurchases and strategic positioning in megatrends like AI and automation is likely to provide a floor for the stock. The focus now shifts to whether upcoming quarterly results can meet the heightened expectations set by the upgraded guidance.