Siemens Energy posts a record year, more than triples its dividend and plans up to €9 billion in extra buybacks

German energy-equipment maker Siemens Energy reported a record fiscal year 2026 (to 30 September) on Wednesday, 11 November. Orders rose 18.8% on a comparable basis to €68.1 billion, revenue grew 15.5% to €44.2 billion, and profit before special items more than doubled to €5.49 billion. Net income was €4.13 billion, and the order backlog hit a record €164 billion. Its wind unit Siemens Gamesa reached break-even, as targeted.

Payout and targets

The company proposed a dividend of €2.30 per share, up from €0.70, and plans to repurchase up to an additional €9 billion of shares through fiscal 2030. For fiscal 2027 it expects comparable revenue growth of 14–16% and a margin before special items of 14–16% (12.4% in 2026); by 2030 it targets 20–22%. The company cited power demand from data centres for AI, especially in North America, as a key driver for its gas-turbine and grid businesses.

Its shares rose about 6.5% in early trading, helping lift the STOXX 600 close to its record, Reuters reported.