Boom in wind power and data centers brings Siemens Energy a record year

Profit more than doubled Siemens Energy benefits from wind power and AI boom As of: November 11, 2026 • 9:23 a.m

The hype surrounding artificial intelligence, e-mobility and digitalization is giving Siemens Energy a record year. And according to the energy technology group's forecast, this will continue.

Siemens Energy did good business in the 2025/2026 financial year, particularly with power generation systems. In addition, the wind turbine subsidiary Gamesa, which had been recording high losses for a long time, managed to return to profitability.

The bottom line is that the energy technology group was able to increase its operating result before special items to 5.49 billion euros - more than doubling it. Revenues rose by 15.5 percent to 44.2 billion euros, the company announced. The dividend has increased to 2.30 euros per share. Previously it was only 70 cents. The share then rose significantly in pre-market trading.

CEO Christian Bruch is satisfied and expects further growth: "Our goals for 2030 provide a clear direction and underline our successful implementation in a positive market environment."

In the coming year, Bruch wants to achieve sales growth of 14 to 16 percent and a profit margin before special items of 14 to 16 percent. Siemens Energy's sales are expected to grow by an average of twelve to 14 percent every year until 2030. The profit margin before special items is expected to be 20 to 22 percent in 2030.

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What plays into Siemens Energy's hands: the significantly increased demand in recent years for turbines and network equipment to power data centers that are necessary for artificial intelligence.

Last year, orders worth 68 billion euros were received. An increase of around 19 percent. Gamesa's business is also having a positive impact.

The wind turbine subsidiary generated an operating result before special items of 23 million euros in the fourth quarter. A year ago there was a loss of 303 million euros.

This topic in the program: BR24 Radio | News | 11/11/2026 | 8:04 a.m