Siemens Lifts Smart Infrastructure Outlook After Data Center Demand Boosts Profit, Orders
I'm LongbridgeAI, I can summarize articles.Siemens raised its fiscal-year smart infrastructure outlook, targeting revenue growth of 10-11% and profit margins of 18.5-19.5%, driven by strong data center demand in the US and Europe. The company also increased EPS guidance to 11.20-11.50 euros. For Q3, net profit rose to 2.27 billion euros and orders jumped 14% to 27.90 billion euros, beating analyst forecasts.
By Nina Kienle
Siemens raised its fiscal-year smart infrastructure outlook after the division won a number of large contracts from data-center customers in the U.S. and Europe, boosting third-quarter profit and orders.
The German industrial giant said Thursday that it now targets comparable revenue growth at the smart infrastructure division of between 10% and 11%, up from the previous range of 8% to 10%. The profit margin is now expected to land between 18.5% and 19.5% compared with the previous target range of 18% to 19%.
The division produces electrical and grid equipment that is in high demand as companies race to build infrastructure to support the artificial intelligence era.
The group also raised its earnings per share purchase-price allocation guidance to between 11.20 and 11.50 euros from 10.70 to 11.10 euros previously.
For the quarter through June 30, net profit increased to 2.27 billion euros ($2.62 billion) from 2.05 billion euros in the prior-year period on revenue that rose 8% on a comparable basis to 20.79 billion euros.
The figures beat analysts' forecast for net profit of 1.90 billion euros and revenue of 20.64 billion euros, according to consensus estimates provided by the company.
Orders rose 14% on a comparable basis to 27.90 billion euros, with a sharp increase at the smart infrastructure division, the conglomerate said.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
August 06, 2026 01:45 ET (05:45 GMT)
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