Siemens lifts annual profit guidance following better than expected first quarter earnings
The engineering giant raised its annual earnings forecast today after reporting a fifteen percent rise in industrial profit. Growth was driven by AI technology.
Insights:
Siemens AG has raised its full-year basic earnings per share outlook today after reporting first-quarter fiscal 2026 results that exceeded analyst expectations. For the three-month period ending in December, the company reported that industrial profit rose 15% to €2.90 billion, surpassing the analyst consensus forecast of €2.64 billion. This performance was driven by quarterly sales reaching €19.14 billion and a 7% increase in orders, prompting the firm to revise its guidance upward.
