Q2 2026 Siemens Energy AG Earnings Call Transcript
Key Points
- Siemens Energy AG (SMEGF) achieved a record order intake of EUR154 billion, indicating strong demand across all business segments.
- The company reported broad-based revenue growth across all business areas, with a Q2 revenue of EUR10.3 billion despite foreign exchange headwinds.
- Profitability improved year-over-year, with a profit margin before special items of 11.3%, driven by a favorable business mix and productivity gains.
- Grid Technologies emerged as the fastest-growing and most profitable business area, with margins exceeding 17% and expectations to reach 18% to 20% by fiscal year-end.
- The company raised its full-year outlook across all key financial metrics, reflecting strong market demand and operational execution.
- Foreign exchange headwinds, primarily due to a weaker U.S. Dollar, negatively impacted revenue by approximately 550 basis points year-over-year.
- Siemens Gamesa continued to operate at a loss, with a negative profit margin of 1.7% in Q2, although improvements were noted.
- Free cash flow for Siemens Gamesa remained negative, partly due to planned quality-related cashouts and ongoing CapEx for offshore ramp-up.
- Order intake in EMEA was slightly lower year-over-year, reflecting some shifts in parts of the Middle East.
- The service revenue for the gas division was slightly down, raising concerns about the division's ability to meet its targeted revenue range for the year.
Please stand by. We're about to begin.
Good morning, ladies and gentlemen, and welcome to the Siemens Energy's Q2 Fiscal Year 2026 Analyst 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 Energy 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 call over to your host today, Mr. Tobias Hang. Please go ahead, sir.
Good morning, and a warm welcome to the Siemens Energy Q2 and Half-Year Results Analyst Call for fiscal year 2026.
Following the pre-release of our preliminary figures on April 23, 2026, we published our full and final Q2 fiscal year 2026 results, along with the half-year report this morning at 7:00 a.m. On our website.
Our President and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
