![\"\"\/](\"https:\/\/www.europesays.com\/germany\/wp-content\/uploads\/2026\/03\/JN9LXf.png\")
<\/p>\nGerman giant Siemens is another company benefiting \u200bfrom the artificial intelligence investment boom, reporting its highest-ever quarterly \u200cindustrial profit and raising its full-year guidance on Thursday.<\/p>\n
Siemens said it was seeing strong demand for data centers used to process AI, as well as for AI-enabled software and devices used to control factories and buildings.<\/p>\n
Sentiment was also improving from aerospace, defense and machine-\u200bbuilding customers, prompting the company to raise its full-year profit guidance after beating third-quarter expectations.<\/p>\n
“Our sharp \u200bfocus on driving industrial AI and our strong positioning in attractive markets give us a \u2060solid foundation for our success,” CEO Roland Busch told reporters.<\/p>\n
The company’s industrial AI products, which help customers \u200bspeed up innovation and improve productivity, were driving growth, he added.<\/p>\n
Siemens was also benefiting from strong demand from \u200bthe electronics and semiconductor makers, many of which are expanding capacity to supply AI-related equipment and chips.<\/p>\n
“There is tremendous demand for electronics,” Busch said.<\/p>\n
“They are building more and more factories, and they need to be automated, which is where Siemens’ business comes in.”<\/p>\n
Siemens \u200bwas working with nine of the Top 10 largest data center providers, he said, while orders had increased \u200bby a triple-digit percentage in the first nine months of its 2026 fiscal year.<\/p>\n
Highest quarterly industrial profit<\/p>\n
Companies like Siemens, Swiss rival ABB \u200cand \u2060France’s Schneider Electric are seeing surging demand as Big Tech races to add data centres, chips and electricity capacity for AI training and operation.<\/p>\n
Capital spending by five of the largest technology companies, a key driver of the global data-centre boom, is expected to rise 75% in 2026 from more than $400 billion in 2025, the International Energy Agency (IEA) said in April.<\/p>\n
For the quarter to \u200bthe end of June, \u2060Siemens reported industrial profit rising 25% to 3.52 billion euros ($4.09 billion), its highest quarterly figure, beating forecasts of 3.18 billion euros in a company-gathered consensus.<\/p>\n
Revenue rose 7% to 20.79 billion euros, ahead of \u200bforecasts for 20.64 billion euros, while orders picked up 13% to 27.90 billion euros, also a quarterly record.<\/p>\n
Its shares still fell 5.2% in mid-morning trading.<\/p>\n
Up to Wednesday’s close, they had gained nearly 20% from the beginning of the year to hit a \u2060record high \u200bat 291.50 euros in the session.<\/p>\n
The company also said it had agreed with \u200bGerman tax authorities on the treatment of Siemens Healthineers shares that it plans to distribute to investors following the planned spin-off, meaning the \u200bdistribution would be tax-free for Siemens shareholders.<\/p>\n
<\/p>\n
\n The Daily Sabah Newsletter\n <\/p>\n
\n Keep up to date with what\u2019s happening in Turkey,
\n it\u2019s region and the world.\n <\/p>\n
SIGN ME UP\n <\/p>\n
\n You can unsubscribe at any time. By signing up you are agreeing to our Terms of Use and Privacy Policy.
\n This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.\n <\/p>\n","protected":false},"excerpt":{"rendered":"German giant Siemens is another company benefiting \u200bfrom the artificial intelligence investment boom, reporting its highest-ever quarterly \u200cindustrial…\n","protected":false},"author":2,"featured_media":68164,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21002],"tags":[25423,616,50622,6487,43],"class_list":["post-68163","post","type-post","status-publish","format-standard","has-post-thumbnail","category-siemens","tag-corporate-earnings","tag-industry","tag-profits","tag-siemens","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/68163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/comments?post=68163"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/posts\/68163\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media\/68164"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/media?parent=68163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/categories?post=68163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/germany\/wp-json\/wp\/v2\/tags?post=68163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}