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flag Siemens Energy nearly tripled Q1 profit to €746M in 2026, fueled by AI-driven demand for gas turbines and grid upgrades.

flag 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. flag Sales rose to 9.675 billion euros, with strong growth across segments, particularly Grid Technologies. flag Total orders reached 17.6 billion euros, boosting the backlog to a record 146 billion euros. flag 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. flag Siemens Gamesa narrowed its operating loss to 46 million euros, showing progress in recovery. flag The company plans a $1 billion U.S. expansion, including a new Mississippi plant.

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