Siemens reported record fiscal 2026 profit from its Industrial Business and forecast 9% to 11% comparable revenue growth for 2027, citing AI and digital spending among expected global growth drivers.
Preliminary results released Nov. 12 put profit from the Industrial Business at €13.292 billion, 13% above fiscal 2025, with a 16.3% margin. Group net income fell 9% to €9.474 billion. Siemens said the prior-year result had received a €2.1 billion lift from the sale of Innomotics, explaining part of the decline in the latest comparison.
For the July-to-September quarter, orders reached €34.771 billion, a 58% increase, while revenue rose 11% to €23.683 billion. Industrial Business profit climbed 22% to €3.895 billion. The quarter covered the three months through Sept. 30.
A 40% increase lifted Smart Infrastructure orders to €8.665 billion. Siemens associated the gain with a batch of larger deals for data-center customers, primarily in the United States and Europe.
For fiscal 2027, Siemens expects global growth to draw support from investment in AI and digital infrastructure, public investment programs and a pickup in industrial activity. These are company expectations, not reported outcomes.
The group’s fiscal 2027 comparable revenue forecast excludes currency translation and portfolio effects. It also excludes effects related to Siemens Healthineers; Siemens plans to distribute part of its stake to shareholders during fiscal 2027 and deconsolidate the company. The company expects Digital Industries revenue to grow 8% to 12% and Smart Infrastructure revenue to increase 11% to 13% on a comparable basis.
Siemens widened its medium-term range for comparable annual revenue growth: the floor is now 7% and the ceiling 11%, versus a prior range of 6% to 9%. It also proposed a dividend of €5.50 per share, up from €5.35 a year earlier. Siemens expects to meet the criteria for reporting Healthineers as a discontinued operation in the first quarter of fiscal 2027, ahead of the planned spin-off.
