Siemens Energy confirms fiscal 2026 outlook for Siemens Energy stock

Siemens Energy (ISIN DE000ENER6Y0) was trading at EUR 142.45 at Lang & Schwarz on October 1, 2026 at 3:17 p.m. CEST, minus 0.20 percent versus the September 30, 2026 prior close of EUR 142.74. In its pre-close call dated September 30, 2026, Siemens Energy reaffirmed its fiscal 2026 outlook, including comparable revenue growth of 14.00-16.00 percent and a profit margin before special items of 10.00-12.00 percent.

Profit outlook reaches upper end

The pre-close call said group profitability is expected at the upper end of the guidance range. The company also confirmed that fiscal 2026 results will be published on November 11, 2026, making that date the next major scheduled company event.

That outlook follows a strong third quarter. According to Siemens Energy in its August 5, 2026 results release, comparable revenue rose 18.50 percent year over year to EUR 11.4 billion in the third quarter of fiscal 2026.

Orders raise the execution test

Orders reached EUR 17.9 billion in the third quarter of fiscal 2026, while the backlog climbed to EUR 162.0 billion and the book-to-bill ratio reached 1.57. The figures give Siemens Energy substantial revenue visibility, but they also place greater weight on project delivery, capacity expansion and cash conversion.

Profit before special items more than tripled to EUR 1.623 billion from EUR 497.0 million in the third quarter of fiscal 2025. Net income increased to EUR 1.188 billion from EUR 697.0 million, while Siemens Gamesa returned to quarterly profitability for the first time since fiscal 2022.

The pre-close call adds an important operational detail: Siemens Energy booked about 40 gigawatts of firm gas turbine orders during the first three quarters of fiscal 2026, including 15 gigawatts in the third quarter. The company expects fourth-quarter order intake to be lower than the unusually strong levels of the prior three quarters because of project phasing.

Stock stays below its yearly high

At EUR 142.45, the Lang & Schwarz price stood EUR 49.21 below the 52-week high of EUR 191.66 and above the 52-week low of EUR 94.40, both as of October 1, 2026. Siemens Energy had a market capitalization of EUR 122.1 billion on the same date, so the market is valuing a large order book against the execution demands embedded in the fiscal 2026 outlook.

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