Siemens Energy: a shift in the wind for renewables following the US elections
Share prices rose by 10.5 per cent thanks to record results in the 2026 financial year. Dividends tripled to 2.30 euros per share
Siemens Energy’s share price soared on the Frankfurt Stock Exchange, rising by 10.5 per cent to 132 euros, after the company reported record results for the 2026 financial year and significantly revised its shareholder remuneration policy. The German group has in fact planned to triple its dividend from €0.70 to €2.30 per share and has announced a further share buyback programme of up to €9 billion by 2030, in addition to the buyback currently underway, worth up to €6 billion.
Siemens Energy recorded a 15.5 per cent increase in revenue, reaching 44.2 billion euros, whilst profitability more than doubled. EBIT rose to €5.21 billion, more than double the figure for the previous financial year, whilst net profit stood at €4.13 billion, an increase of 145 per cent compared with 2025.
On the financial front, the leading energy company reported free cash flow of 7.98 billion, generated mainly from customer prepayments.
Data centres in the US are driving orders
In fact, the most significant result emerged from the analysis of the order book, which reached a record figure of 164 billion, driven primarily by the construction boom in US data centres. This trend continues to fuel demand for gas turbines and power grid equipment. The US market is the real driving force, with annual orders totalling 27.72 billion, up 70. 8 per cent, driven mainly by orders from data centres for gas turbines and grid equipment, which account for around 15 billion euros – equivalent to 9.1 per cent – of the company’s order book. Despite the recent sell-off of artificial intelligence-related shares, triggered by fears of stricter regulation following the Democrats’ victory in the US, Christian Bruch, CEO of Siemens Energy, reiterated the strength of energy demand linked to data centres: ‘Demand for electricity for data centres remains unchanged and will continue to do so in the future.’
The energy market in Europe and Africa also saw growth, albeit at a more modest rate (+13.6 per cent), whilst in Asia it contracted by 10.1 per cent, settling at 5.51 billion, likely due to aggressive price competition from China.
