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Siemens Energy nearly tripled Q1 profit to €746M in 2026, fueled by AI-driven demand for gas turbines and grid upgrades.
Siemens Energy reported a near-tripling of first-quarter net profit to 746 million euros ($889 million) in 2026, driven by surging demand for gas turbines and grid infrastructure linked to AI-powered data centers.
Sales rose to 9.675 billion euros, with strong growth across segments, particularly Grid Technologies.
Total orders reached 17.6 billion euros, boosting the backlog to a record 146 billion euros.
The company confirmed its full-year 2026 outlook, including 11% to 13% revenue growth and a target of 3 to 4 billion euros in net income.
Siemens Gamesa narrowed its operating loss to 46 million euros, showing progress in recovery.
The company plans a $1 billion U.S. expansion, including a new Mississippi plant.
Siemens Energy casi triplicó la ganancia del primer trimestre a 746 millones de euros en 2026, impulsada por la demanda de turbinas de gas y actualizaciones de la red impulsadas por la IA.