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Siemens AG
(OTC:SIEGY)
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Rating:77Outperform
Price Target:
$184.00
â–²(10.44% Upside)
Action:Reiterated
Date:08/10/26
The score is driven primarily by strong financial quality—especially robust and improving free cash flow and solid operating margins—reinforced by a very positive earnings call with raised FY2026 guidance and strong orders/backlog. Technicals are supportive with an established uptrend, while valuation (P/E ~27) and the recent net-margin/ROE softening temper the overall rating.
Positive Factors
Record backlog and diversified order growth
Record orders and backlog improve multi-period revenue visibility across industrial, infrastructure and mobility businesses. Strong book-to-bill indicates demand exceeds current shipments, supporting capacity utilization and reducing reliance on near-term customer spending.
Negative Factors
Declining net margin and ROE
Lower net profitability and returns on equity indicate that recent operating strength is not translating into shareholder returns as efficiently as before. If sustained, this could constrain earnings quality and reduce the benefits of revenue growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Record backlog and diversified order growth
Record orders and backlog improve multi-period revenue visibility across industrial, infrastructure and mobility businesses. Strong book-to-bill indicates demand exceeds current shipments, supporting capacity utilization and reducing reliance on near-term customer spending.
Read all positive factors
Siemens AG (SIEGY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$256.50B
Dividend Yield1.91%
Average Volume (3M)127.13K
Price to Earnings (P/E)27.8
Beta (1Y)1.19
Revenue Growth11.05%
EPS Growth-12.33%
CountryUS
Employees317,562
SectorIndustrials
Sector Strength72
IndustryIndustrial - Machinery
Share Statistics
EPS (TTM)5.17
Shares Outstanding1,564,000,000
10 Day Avg. Volume126,305
30 Day Avg. Volume127,130
Financial Highlights & Ratios
PEG Ratio1.04
Price to Book (P/B)2.90
Price to Sales (P/S)2.29
P/FCF Ratio16.71
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)6.42
Revenue Forecast (FY)$95.75B
Siemens AG Business Overview & Revenue Model
Company Description
Siemens Aktiengesellschaft is a prominent technology firm specializing in automation and digitalization across Europe, the Commonwealth of Independent States, Africa, the Middle East, the Americas, Asia, and Australia. Its operations are organized...
How the Company Makes Money
Siemens primarily makes money by selling products, software, and long-term services across its industrial and infrastructure-focused businesses. In Digital Industries, it generates revenue from industrial automation hardware (e.g., control systems...
Siemens AG Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call was decisively positive: Siemens reported a record quarter with strong order intake (EUR 27.9bn), a record backlog (EUR 132bn), broad-based revenue growth (8%), record industrial profit (EUR 3.5bn) and very strong free cash flow (EUR 4.1bn). Smart Infrastructure and data-center related businesses were standout contributors, and Digital Industries continued above-ambition digital growth; management raised FY EPS guidance and increased SI guidance. Challenges cited—commodity/component cost pressure, integration costs, an impairment in e-mobility charging, capacity and regional variability, and potential order lumpiness—appear manageable in the near term given strong backlog, productivity measures and balance sheet strength.Positive Updates
Record order intake and backlog
Group orders reached an all-time high of EUR 27.9 billion, up 14% year-over-year, with book-to-bill at 1.34 and order backlog lifted to a record EUR 132 billion.
Negative Updates
Regional and market mixed signals (China and Europe)
DI automation in China showed some month-to-month variability (slight June slowdown then pickup in July); capacity utilization in some industrial markets, notably Europe, remains relatively low and presents uneven recovery dynamics.
Read all updates
Q3-2026 Updates
Positive
Negative
Record order intake and backlog
Group orders reached an all-time high of EUR 27.9 billion, up 14% year-over-year, with book-to-bill at 1.34 and order backlog lifted to a record EUR 132 billion.
Read all positive updates
Company Guidance
Siemens raised its fiscal 2026 financial outlook, narrowing EPS (pre‑PPA) to EUR 11.20–11.50 (up EUR 0.45 at the midpoint) and saying group revenue should reach the upper half of the 6–8% growth range; free cash flow after nine months was EUR 4.1bn (FCF return on revenue 11%) and the company remains on track for a double‑digit full‑year FCF return. Business‑level guidance was confirmed or tightened: Digital Industries revenue growth 7–10% with a profit margin of 17–19% (Q4 DI revenue 5–7% and margin flat sequentially), Smart Infrastructure raised its comparable revenue growth to 10–11% and lifted margin guidance to 18.5–19.5% (Q4 revenue expected near the lower end; margin in line with full year), and Mobility confirmed full‑year revenue growth of 5–7% with a margin target of 8–10% (Q4 revenue guidance 9–11%, with margin toward the lower end). The board also launched a new share buyback of up to EUR 6bn (EUR 400m repurchased in month one) and confirmed the Siemens Healthineers spin‑off timeline with shareholder approvals expected February 2027.Siemens AG Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 81.78B | 78.91B | 75.93B | 74.88B | 71.98B | 62.27B |
| Gross Profit | 32.19B | 30.40B | 29.82B | 29.12B | 25.85B | 22.74B |
| EBITDA | 14.34B | 15.86B | 16.17B | 16.04B | 11.40B | 11.21B |
| Net Income | 8.02B | 9.62B | 8.30B | 7.95B | 3.72B | 6.16B |
Balance Sheet | ||||||
| Total Assets | 167.47B | 166.20B | 147.81B | 145.07B | 151.50B | 139.61B |
| Cash, Cash Equivalents and Short-Term Investments | 10.93B | 16.69B | 11.46B | 11.13B | 12.99B | 12.05B |
| Total Debt | 49.90B | 56.01B | 47.92B | 46.60B | 50.64B | 48.70B |
| Total Liabilities | 92.35B | 97.83B | 91.58B | 92.01B | 96.70B | 90.33B |
| Stockholders Equity | 68.23B | 62.24B | 51.26B | 47.79B | 48.90B | 44.37B |
Cash Flow | ||||||
| Free Cash Flow | 10.80B | 10.81B | 9.58B | 10.02B | 8.16B | 8.27B |
| Operating Cash Flow | 13.32B | 13.26B | 11.66B | 12.24B | 10.24B | 10.00B |
| Investing Cash Flow | -7.29B | -11.31B | -3.28B | -3.18B | -2.49B | -15.49B |
| Financing Cash Flow | -9.87B | 3.64B | -8.88B | -8.73B | -7.50B | 785.00M |
Siemens AG Technical Analysis
Positive
166.61
Price Trends
158.91
Positive
154.91
Positive
145.79
Positive
Market Momentum
2.20
Negative
56.36
Neutral
70.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SIEGY, the sentiment is Positive. The current price of 166.61 is above the 20-day moving average (MA) of 163.48, above the 50-day MA of 158.91, and above the 200-day MA of 145.79, indicating a bullish trend. The MACD of 2.20 indicates Negative momentum. The RSI at 56.36 is Neutral, neither overbought nor oversold. The STOCH value of 70.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SIEGY.
Siemens AG Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $256.50B | 27.84 | 12.21% | 2.06% | 11.05% | -12.33% | |
76 Outperform | $86.56B | 33.22 | 12.69% | 1.48% | 4.82% | -1.66% | |
70 Outperform | $242.88B | 25.49 | 83.40% | 0.17% | 12.85% | 738.05% | |
69 Neutral | $98.78B | 33.51 | 34.49% | 0.83% | 7.04% | 4.58% | |
68 Neutral | $47.85B | 39.70 | 33.32% | 1.18% | 11.27% | 25.32% | |
66 Neutral | $48.46B | 40.06 | 8.89% | 1.37% | -1.58% | -43.59% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
SIEGY
Siemens AG
161.10
28.68
21.66%
EMR
Emerson Electric Company
147.63
18.28
14.13%
TT
Trane Technologies
440.15
33.01
8.11%
ROK
Rockwell Automation
417.53
84.15
25.24%
CARR
Carrier Global
57.25
-5.29
-8.46%
GEV
GE Vernova Inc.
898.53
320.16
55.36%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.