Siemens AG reported a strong start to FY2026, with comparable orders up 10% and comparable revenue rising 8% across all industrial businesses.
On a nominal basis, orders increased 7% to €21.4 billion, while revenue grew 4% to €19.1 billion. The book to bill ratio stood at 1.12. Profit in the Industrial Business reached €2.9 billion, delivering a margin of 15.6%, supported by improvements in Digital Industries and Smart Infrastructure.
Net income came in at €2.2 billion. In Q1 FY2025, net income of €3.9 billion had included a €2.1 billion gain from the sale of Innomotics. Basic earnings per share for the current quarter were €2.60, with EPS pre PPA at €2.80.
Free cash flow from continuing and discontinued operations totaled €0.7 billion. Based on the performance, Siemens has raised its outlook for the fiscal year.
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