Q2 2026 Siemens AG Earnings Call Transcript
Key Points
- Siemens AG (SIEGY) achieved a strong book-to-bill ratio of 1.22, lifting orders backlog to a record high of EUR124 billion.
- Group orders increased by 18% year-over-year, with double-digit growth across all three core businesses.
- Smart Infrastructure reached a quarterly order record, driven by unprecedented triple-digit order growth in the data center vertical.
- Digital Industries continued its growth path, with the software business achieving a compelling 14% revenue increase.
- Siemens AG (SIEGY) confirmed its fiscal year 2026 outlook, with some adjustments in individual businesses, indicating confidence in future performance.
- Geopolitical challenges, particularly in the Middle East, pose risks to investment sentiment and future business operations.
- Mobility segment faced revenue decline due to U.S. tariffs and conversion delays in large-scale rail infrastructure projects.
- Currency headwinds impacted margins, with an 80 basis point effect expected to ease in the second half of the fiscal year.
- The company lowered its full-year outlook for revenue growth in the Mobility segment to a range of 5% to 7%.
- Integration-related costs for Altair and Dotmatix acquisitions had a negative impact on margins, with a 90 basis point effect in Q2.
Please stand by, we're about to begin.
Good morning, ladies and gentlemen, and welcome to the Siemens 2026 second quarter conference call. As a reminder, this call is being recorded. Before we begin, I would like to draw your attention to the safe harbor statement on page 2 of the Siemens presentation. This conference call may include forward-looking statements. These statements are based on the company's current expectations and certain assumptions and are therefore subject to certain risks and uncertainties. At this time, I would like to turn the conference call over to your host today, Mr. Tobias Hatzler, Head of Investor Relations. Please go ahead, sir.
Good morning, ladies and gentlemen, and welcome to our fiscal Q2 '26 conference call. All documents were released this morning and can be found also on our IR website.
I'm here today with our CEO, Roland Busch, and our new CFO, Veronika Binert, for her first earnings call. Both will review the Q2 results.
After the
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