Siemens Energy Q3 Revenue Hits 11.45 Billion Euros, Beats 11.19B Estimate

According to Siemens Energy's Q3 results, third-quarter revenue reached 11.45 billion euros, exceeding market estimates of 11.19 billion euros. Q3 orders totaled 17.93 billion euros, surpassing the 16.72 billion euro forecast. Net profit for the quarter came in at 1.08 billion euros.

The company raised its full-year profit margin guidance to the upper end of the 10-12% range, up from the previous 10-12% forecast. It maintained full-year comparable revenue growth guidance at 14-16%, versus the 14.6% market estimate.

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