Siemens Aktiengesellschaft (ETR:SIE) reported higher orders, revenue and industrial profit in its fiscal second quarter, with management pointing to strong demand from data centers, industrial software and electrification while warning that geopolitical volatility and tariffs remain key risks.
Chief Executive Roland Busch said Siemens “continued our successful path of profitable growth” despite a “geopolitically demanding” environment. He said the company’s direct revenue exposure to the Middle East is expected to be limited to 3% to 4% in fiscal 2026, while direct supply exposure is around 1% of purchasing volume. Busch said Siemens had not seen material changes in broader customer buying behavior so far.
