Siemens raises full year outlook after strong AI driven quarter

February 12, 2026 (MLN): German industrial giant Siemens raised its full-year earnings outlook after reporting a strong first quarter, driven by robust demand linked to artificial intelligence.

Core earnings rose 15% to 2.9bn euros ($3.4bn) in the three months ending December, while revenue increased 4% to 19.1bn euros.

Along with other industrial firms such as France’s Schneider Electric, Siemens which manufactures electrical equipment  has benefited from rising demand for U.S. data centres that provide the computing power for AI, according to APP.

Growth was broad-based, with its infrastructure division, which produces much of the electrical equipment for data centres, recording a record order intake.

The firm raised its earnings-per-share forecast from 10.40–11.00 euros to 10.70–11.10 euros, despite net profit falling 43% compared with last year due to a one-off gain from the sale of industrial motor maker Innomotics.

Chief Executive Roland Busch emphasized that the results showed Siemens was “very well positioned” and said the company was “scaling industrial AI in our core industries together with world-class partners.”

Roland Busch also highlighted the strength of Siemens’ automation business in China, explaining that the company was developing more products locally and increasingly outperforming domestic competitors.

Under his leadership, Siemens has shifted toward higher-margin software solutions to capitalize on data collection and help customers automate processes.

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