Siemens boosts 2026 profit outlook on AI-driven data centre demand, shares jump

Illustration shows Siemens logo · Reuters

John Revill

Thu, February 12, 2026 at 3:03 PM GMT+9 2 min read

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SIEGY

-0.62%

By John Revill

ZURICH, Feb 12 (Reuters) - Siemens raised its full-year profit outlook on Thursday after first-quarter profit exceeded expectations, boosted by surging demand for AI-driven data-centre infrastructure ‌and sending shares up over 6% in early trading.

CEO Roland Busch said the data-centre ‌business pushed up its revenue by more than a third in the quarter through December, and that “demand for data ​centres has considerably exceeded our expectations.”

“We’re confident we’ll be able to maintain this pace throughout fiscal 2026,” he told reporters after the results were announced.

Shares surged 6.1% in morning trading in Frankfurt, and were the biggest gainer on the Stoxx Europe 600 Industrials index which was up 0.9%.

During its first ‌quarter through December, industrial profit jumped ⁠15% to 2.90 billion euros ($3.44 billion), beating analysts’ consensus forecasts for 2.64 billion euros, while net profit of 2.22 billion euros also beat expectations.

As a ⁠result, Siemens raised its basic earnings outlook for its full year through September to a range of 10.70 to 11.10 euros per share from 10.40 to 11.00 euros.

SALES AND ORDERS GROW IN FIRST QUARTER

Siemens ​said ​first-quarter sales rose 4% to 19.14 billion euros, beating ​the 19.09 billion forecast of analysts, ‌while orders rose 7%.

Deutsche Bank said the company had delivered robust results, led by a strong performance from its digital industries factory automation unit, where orders for software and automation businesses were doing well.

“This is a promising start to the year,” said the bank’s analyst Gael de-Bray.

Busch said artificial intelligence had been a strong growth driver for the company.

“We’re scaling industrial AI in our ‌core industries,” he said. “By integrating AI deeply into design, ​development, products and operations, we’re adding measurable value for ​our customers.”

Among Siemens’ AI products are software ​which helps ‘train’ logistics robots to recognise different box sizes, allow operators to ‌speak to machines to identify and fix ​mechanical problems and also to ​speed up the design process for new products from weeks to days.

Chief Financial Officer Ralf Thomas said Siemens was seeing moderate growth from the automotive industry, but momentum was ​building from defence, aerospace and ‌pharmaceuticals sector customers and machine builders.

Still, investment sentiment remained “pretty shaky,” Thomas said, with continuing ​debates over tariffs and geopolitics being a damper on spending.

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($1 = 0.8431 euros)

(Reporting by ​John RevillEditing by Ludwig Burger and Bernadette Baum)

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