German energy technology company Siemens Energy has upgraded its full-year fiscal 2026 guidance, citing strong first-half business development and robust market demand across its core divisions. The group now targets comparable revenue growth of 14 to 16 per cent for the year ending 30 September 2026, up from a previous range of 11 to 13 per cent, with a profit margin before special items of between 10 and 12 per cent.

Reuters reported that Siemens Energy has more than doubled its free cash flow pre-tax outlook to around €8 billion, compared with previous guidance of €4 billion to €5 billion, and now expects net income of approximately €4 billion for the full year.

Preliminary second-quarter results showed group orders rising 29.5 per cent on a comparable basis to €17.7 billion, while revenue grew 8.9 per cent to €10.3 billion. Profit before special items reached €1.16 billion, reflecting a margin of 11.3 per cent, up from 9.1 per cent in the same period a year earlier.

Gas Services posted order growth of 32.4 per cent and revised full-year revenue growth guidance upward to 16 to 18 per cent. Grid Technologies reported order growth of 41.5 per cent and now targets comparable revenue growth of 25 to 27 per cent for the year, up from a previous range of 19 to 21 per cent, with a profit margin of 18 to 20 per cent.

Siemens Gamesa, the group's wind turbine unit, narrowed its quarterly loss before special items to €44 million from €249 million a year earlier, with full-year revenue growth guidance revised upward to 3 to 5 per cent from the previous 1 to 3 per cent range.

Read the full details on Siemens Energy's upgraded fiscal 2026 outlook.