Siemens reported second-quarter industrial profit fell 8% to €2.97 billion. This result missed analyst expectations of €3.05 billion. Revenue remained flat at €19.76 billion, also trailing market estimates. Management attributed the profit decline to a one-time gain from a business sale in the previous year.
New orders surged 11% during the quarter to reach €24.1 billion. The company’s total order backlog hit a record high of €124 billion. Chief Executive Roland Busch described the performance as successful despite a demanding geopolitical environment.
Siemens maintained its fiscal 2026 outlook for comparable revenue growth between 6% and 8%. The company raised growth forecasts for its Digital Industries and Smart Infrastructure divisions.