Siemens Energy (ENR.DE,1ENR.MI) reported that its second quarter net income to shareholders of Siemens Energy was 766 million euros compared to 433 million euros, last year. Earnings per share was 0.88 euros compared to 0.49 euros. Profit before special items rose substantially year-over-year to 1.16 billion euros from 906 million euros, mainly due to the profit improvement at Siemens Gamesa.
On a comparable basis, second quarter revenue increased by 8.9% year-over-year to 10.3 billion euros, supported by all segments. Siemens Energy achieved a new all-time high in orders of 17.7 billion euros, up 29.5%.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.