Siemens Energy posts strong Q3 profit, Gamesa wind unit turns profitable FAST-MOVING
Siemens Energy reported a sharp rise in third‑quarter 2026 earnings. Net profit after tax reached about €1.2 billion, roughly 70 % higher than a year earlier, while revenue grew 18.5 % to €11.4 billion on a comparable basis. Order intake increased 8.5 % to €17.9 billion, driven by record demand for gas turbines and grid technology as data‑center, AI and broader electrification projects expand.
The wind‑turbine subsidiary Siemens Gamesa posted its first operating profit since 2022, reporting a gain of €75 million (other reports cite €56 million) after a loss of €425 million the previous year. The turnaround is attributed to higher productivity and cost efficiency. However, Gamesa’s order backlog fell sharply to €1.05 billion in the quarter, down from €4.89 billion a year earlier.
CEO Christian Bruch reaffirmed the company’s FY‑2026 outlook, targeting full‑year net income of around €4 billion, a profit margin before special items of 10‑12 % and revenue growth of 14‑16 % year‑on‑year.
Entities: BUND (German Federation for the Environment and Nature Conservation) · Bund für Umwelt und Naturschutz Deutschland (BUND) · Christian Bruch · Data centers · German Federal Government · German government · Germany · Katherina Reiche · Montel Analytics · Olaf Bandt · Renewable energy sources · Siemens Energy AG
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 8 SOURCES] Order intake increased 8.5 % to €17.9 billion. (Siemens Energy Q3 results)
- [● 6 SOURCES] CEO Christian Bruch expects full‑year net income of around €4 billion for FY‑2026. (Siemens Energy outlook)
- [● 6 SOURCES] The company targets a profit margin before special items of 10‑12 % for FY‑2026. (Siemens Energy outlook)
- [● 4 SOURCES] Gamesa’s order intake fell to €1.05 billion in Q3, down from €4.89 billion a year earlier. (Siemens Energy Q3 results)
- [● 8 SOURCES] Siemens Energy reported net profit after tax of about €1.2 billion in Q3 2026. (Siemens Energy Q3 results)
- [● 8 SOURCES] Siemens Gamesa posted an operating profit of €75 million, its first profit since 2022. (Siemens Energy Q3 results)
- [● 8 SOURCES] Q3 revenue rose 18.5 % to €11.4 billion on a comparable basis. (Siemens Energy Q3 results)