Siemens Energy Profit Triple as Orders Hit Record Highs

By Aimee Look

Siemens Energy said its profits more than tripled in its third fiscal quarter, while orders and revenues reached record highs.

The German maker of energy equipment's profit before special items more than tripled to 1.62 billion euros ($1.87 billion), up from 497 million euros the same period a year earlier.

Profit margin before special items--a key profitability metric--for the three months ended June 30 was 14.2% compared to 5.1% for the comparable period last year.

The company also expects to come in at the higher end of its full fiscal-year guidance for profit margin before special items, which it said in May would be between 10% and 12%.

Third-quarter orders grew by over 8.5% on a comparable basis year-on-year to 17.93 billion euros, the company said. Analysts expected 16.76 billion euros, according to estimates compiled by Visible Alpha.

Revenue stood at 11.45 billion euros, compared with 9.75 billion euros the same period a year prior. Analysts expected revenue of 11.25 billion euros, according to estimates from Visible Alpha.

Write to Aimee Look at aimee.look@wsj.com

(END) Dow Jones Newswires

August 05, 2026 01:33 ET (05:33 GMT)