Siemens Energy (SMEGF)
OTHER OTC:SMEGF
Earnings Data
Report Date
May 12, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.15Last Year’s EPS
0.94Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call reported multiple sizeable operational and financial improvements: record orders and backlog, strong revenue growth, materially improved profitability and record free cash flow, supported by favorable pricing and broad-based demand (notably Gas Services and Grid Technologies). Management also announced meaningful capacity expansions, balance-sheet upgrades and shareholder returns. Headwinds include FX impacts, supply-chain-driven lead-time and cost pressure, special items, and an ongoing cash deficit at Siemens Gamesa. On balance, the highlights (scale and quality of orders, cash generation, margin expansion and stronger balance sheet) materially outweigh the lowlights, though some improvements reflect timing effects and the company flagged seasonality and execution risks.Company Guidance
Record Quarterly Orders and Backlog
Orders reached a record EUR 17.6 billion in Q1, up 34% year-over-year (comparable basis). Order backlog grew to a record EUR 146 billion (up from EUR 138 billion in Q4 FY25), providing strong multi-year revenue visibility.
Strong Revenue and Margin Expansion
Group revenue was EUR 9.7 billion, up 12.8% year-over-year (comparable). Profit before special items was EUR 1.159 billion with a margin of 12%, up from 5.4% a year ago (+660 basis points). Net income rose to EUR 746 million, up EUR 494 million year-over-year.
Record Free Cash Flow and Balance Sheet Strengthening
Free cash flow (pre-tax) was a record EUR 2.9 billion, nearly double year-over-year, supported by strong orders, customer prepayments and reservation fees. Adjusted net cash position improved to EUR 7.6 billion (vs EUR 4.8 billion at prior year end).
Gas Services: Exceptional Order Intake
Gas Services booked EUR 8.8 billion of orders in Q1, up 81% year-over-year, the highest-ever intake for the segment. The business booked 102 gas turbines (13 GW new gas turbine orders in Q1) and achieved a record Gas Services backlog of EUR 60 billion. Segment profit before special items was EUR 515 million (margin 16.6%, up from 14.6%). Free cash flow (pre-tax) for GS was EUR 1.9 billion.
Grid Technologies: Robust Growth and Margins
Grid Technologies orders were EUR 6.0 billion, up 22% year-over-year, with revenue EUR 3.1 billion (up 26.9%). Segment profit before special items was EUR 538 million (margin 17.6%, +520 bps YoY). Book-to-bill was 1.95 and backlog hit a record EUR 45 billion. Free cash flow (pre-tax) was EUR 1.8 billion.
Progress on Siemens Gamesa Turnaround
Siemens Gamesa reported progress toward breakeven: orders EUR 1.6 billion, revenue EUR 2.4 billion (+3.9% comparable), and profit before special items narrowed to negative EUR 46 million (improved from -EUR 374 million prior year). Improvement driven by offshore productivity, service profitability and structural onshore cost reductions.
Operational Investments and Capacity Expansion
Investments include a roughly $1 billion U.S. program to expand manufacturing and add ~1,500 jobs, tripling wind transformer production in Austria (EUR >100 million investment) and opening a transformer tank factory in Croatia (joint venture) with a EUR 260 million expansion program to double regional transformer capacity by 2031.
Favorable Pricing Environment and Improved Backlog Margins
Management reported favorable pricing across Gas Services and Grid Technologies, contributing to improved backlog margins; reservation agreements being signed at higher pricing relative to earlier orders.
Credit Rating Upgrades and Capital Return Plans
S&P upgraded Siemens Energy to BBB (positive outlook) and Moody's to Baa1 (stable), reflecting improved balance sheet and cash performance. Management proposed a dividend of EUR 0.70 per share (~EUR 600 million) and announced a share buyback program up to EUR 6 billion (to commence in March).
SMEGF 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
SMEGF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | $184.17 | $192.31 | +4.42% |
Nov 14, 2025 | $125.97 | $130.47 | +3.57% |
Aug 06, 2025 | $113.52 | $112.72 | -0.70% |
May 08, 2025 | $80.36 | $81.59 | +1.54% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Siemens Energy (SMEGF) report earnings?
Siemens Energy (SMEGF) is schdueled to report earning on May 12, 2026, TBA (Confirmed).
What is Siemens Energy (SMEGF) earnings time?
Siemens Energy (SMEGF) earnings time is at May 12, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMEGF EPS forecast?
SMEGF EPS forecast for the fiscal quarter 2026 (Q2) is 1.15.