EarningsQ3 2026 Earnings Report
MX:ENRN Q3 2026 EPS Results
Actual EPS$25.37
Consensus EPS$23.54
Beat/MissBeat by +$1.83
One Year Ago EPS$14.09
MX:ENRN Q3 2026 Revenue Results
Actual Revenue$230.48B
Expected Revenue$225.43B
Beat/MissBeat by +$5.05B
YoY Revenue Growth+17.47%
Earnings Announcement Details
QuarterQ3 2026
Date08/05/2026
TimeTBA
Conference CallWednesday, August 5, 2026
MX:ENRN Upcoming Earnings
Siemens Energy's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:ENRN Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented clear operational progress: strong revenue (EUR 17.9bn), a sizable EUR 162bn order backlog, materially improved profitability (profit before special items ~3x prior year and 14.2% Q3 margin), improving free cash flow (EUR 7.2bn YTD) and a milestone positive quarter for the wind business. However, material challenges remain—most notably Siemens Gamesa's cash burn (≈-EUR 1.7bn YTD) and YTD loss, offshore order slippage and slower hydrogen market development—and there is organizational uncertainty around a potential Transformation of Industry carve‑out. Overall the positives (broad revenue/backlog strength, margin expansion, improving cash flow and wind turnaround) outweigh the negatives, but risks remain and execution will be critical to sustain momentum.Company Guidance
Strong Revenue and Order Backlog
Revenue for Q3 FY2026 of EUR 17.9 billion; order intake increased and order backlog stands at approximately EUR 162 billion, providing multiyear visibility.
Material Profitability Improvement
Profit before special items was roughly three times year‑ago levels and the margin before special items reached 14.2% in Q3. After nine months the margin is 12.6%, above the company's 10%–12% target range.
Siemens Gamesa: First Positive Quarter in More Than Three Years
Wind business (Siemens Gamesa) delivered a positive result for the first time in 15 quarters; management reports the first three quarters aggregate as a small double‑digit loss but highlights clear progress toward profitability with a target for cash breakeven in 2028.
Strong Market Demand from Middle East and Data Centers
Large project activity in the Middle East accounted for roughly 30% of gigawatt-related demand in the quarter; data‑center related activity (gas turbines) represented about 20% of capacity orders, underpinning near‑term demand.
Robust Free Cash Flow and Maintained Full‑Year Guidance
Free cash flow after nine months of EUR 7.2 billion with the company maintaining full‑year FCF guidance of ~EUR 8.0 billion (implying ~EUR 0.8 billion expected in Q4), and management reiterating confidence in the 2026/2027 outlook.
Operational and Portfolio Strengthening
Ongoing operational excellence improvements cited as a key success factor; selective acquisitions (e.g., Camlin, CIC) and vertical investments to secure supply chain and digital/grid capabilities.
MX:ENRN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed