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Siemens Energy Surges to Record Q3 Profit and Orders

The supplier affirmed its up-to-€1 billion full-year profit forecast after absorbing roughly €100 million in U.S. tariffs.

Overview

  • Siemens Energy posted a €697 million profit in the third quarter, reversing a prior-year €102 million loss and delivering its third straight profitable period even without a €500 million one-off gain.
  • Order intake jumped to a record €16.6 billion, lifting the backlog to €136 billion despite currency pressures.
  • All divisions except the still loss-making wind-power unit contributed gains, with gas and grid technologies driving performance.
  • The company absorbed an estimated €100 million drag from U.S. tariffs and reaffirmed its resilience to external headwinds.
  • Global headcount climbed to 102,000 employees and management plans to distribute 40–60 percent of net profit as dividends in early 2026.