Siemens Energy Raises Outlook on Strong AI-Driven Demand

Siemens Energy signage on trading booths at the Frankfurt Stock Exchange. — Siemens Energy signage on trading booths at the Frankfurt Stock Exchange.
Photographer: Thorsten Wagner/Bloomberg

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By Marilen Martin

April 23, 2026 at 4:40 PM UTC

Updated on

April 24, 2026 at 7:23 AM UTC

Siemens Energy AG raised its outlook for the fiscal year 2026 as the German manufacturer cited strong demand for its gas turbines and energy-grid products.

The company now expects comparable revenue growth of as much as 16% this year, up from as much as 13%. The German manufacturer also raised its projection for free cash flow before tax.