Siemens hit an all-time high in annual profit this year, mostly because the broader AI data-centre investment boom is snapping up its gear for massive AI data centers.
Its core industrial profit jumped 13% to €13.3 billion ($14.7 billion) for the year ending September: proof that AI isn't just changing tech, it's boosting old-school engineering too.
Siemens expects 9%-11% sales growth
CEO Roland Busch called "Fiscal 2026 was an outstanding year for Siemens," celebrating record annual profit.
Looking ahead, Siemens expects sales to grow another 9% to 11% next year while keeping profit margins broadly stable or higher at its two biggest divisions.
Their strategy? Go all-in on smart infrastructure and high-margin software for the booming "Industrial AI" space, a move that's also paying off for rivals like ABB and Schneider Electric.