Siemens Energy Sets Records as It Expands US Production and Guides 2026
Siemens Energy reported record order intake of €17.9 billion in early August, lifting backlog to €162 billion and increasing revenue 18.5% to €11.4 billion. Earnings before special items tripled to €1.62 billion, and management reaffirmed 2026 guidance. The company is also investing about $1 billion to expand its US production footprint as the stock falls despite strong fundamentals.