Siemens raises full year profit outlook after beating quarterly forecasts
The engineering group reported a fifteen percent rise in industrial profit for the first quarter. Strong results led to an improved annual earnings forecast.
Insights:
Siemens AG has raised its full-year earnings outlook for the 2026 fiscal year after reporting first-quarter industrial profit that exceeded analyst expectations. The company announced today that its industrial profit for the quarter rose 15% to 2.90 billion euros, surpassing the 2.64 billion euros previously forecasted by analysts.
The stronger-than-expected quarterly performance prompted an immediate upward revision to the company’s full-year profit guidance. Siemens has updated its basic earnings-per-share range for the fiscal year ending in September 2026, moving from the previous forecast of 10.40-11.00 euros to a revised range of 10.70-11.10 euros.
