Energy technology giant Siemens Energy presented record financial results for fiscal year 2026 in Berlin on Wednesday, reporting net income of €4.129 billion; industrial transformation achieved decisive profitability milestones. Group revenue climbed 15.5 percent on a comparable basis to €44.2 billion, supported by record quarterly performance across core operating divisions. The technology operator confirmed that its total order backlog expanded to an all-time high of €164 billion with a robust book-to-bill ratio of 1.54.
Executive leadership detailed strategic drivers behind the operational turnaround during the annual press briefing, where President and CEO Christian Bruch stated: We delivered on all raised guidance targets, significantly increased earnings, and achieved break-even in our wind business. The Gas Services and Grid Technologies segments doubled their pre-tax cash generation, easily offsetting restructuring costs in offshore wind, as soaring global electricity consumption driven by artificial intelligence computing centers fueled unprecedented commercial demand for heavy-duty gas turbines.
Reflecting disciplined financial execution, pre-tax free cash flow surged to €8.799 billion compared with €4.663 billion in the prior fiscal period. The CFO announced: In recognition of our outstanding operational momentum, we are proposing a dividend of €2.30 per share and launching an expanded €9 billion share buyback. The proposed dividend represents more than triple the €0.70 per share distribution paid in fiscal 2025, alongside systematic equity repurchases through 2030. Management established ambitious medium-term targets, projecting comparable revenue growth between 12 and 14 percent annually through 2030.
Shares of Siemens Energy rose over 7.7 percent in European morning trading following the comprehensive earnings release. Wall Street equity analysts praised the structural margin expansion as global utilities accelerate multi-billion-dollar grid modernization investments.
