German energy technology company Siemens Energy has reported around €15 billion in orders from AI data-center projects as demand for electricity infrastructure continues to grow. The company has also raised its fiscal 2027 profit margin forecast, supported by strong demand for gas turbines and power grid equipment.
The announcement came on November 11, 2026, alongside the company’s record financial results for fiscal 2026. Siemens Energy reported a total order backlog of €164 billion, with AI data-center orders accounting for around 9.1% of the total.
The rapid expansion of AI data centers is increasing demand for electricity generation and transmission equipment. These facilities need large amounts of electricity to run AI servers, train large language models, and handle other computing tasks.
Siemens Energy expects rising AI investments to create more demand for gas-fired power plants and electricity grid infrastructure. North America is expected to remain a major market for this growth.
Siemens Energy Reports €15 Billion in Orders From AI Data Centers
Siemens Energy has received around €15 billion in orders linked to AI data centers. CEO Christian Bruch said these orders include gas turbines and power grid equipment needed to supply electricity to large data centers.
The orders account for approximately 9.1% of the company’s record €164 billion backlog. This backlog covers orders from all its business divisions and gives the company a clearer view of future revenue.
Bruch said demand for data-center projects remains strong, with no major changes in customer activity. However, he pointed out that some earlier forecasts for data-center expansion may have been too optimistic.
Despite this, rising demand for AI computing continues to create opportunities for Siemens Energy. As technology companies expand their AI infrastructure, they need more electricity generation capacity and reliable power grids.
Siemens Energy expects data-center construction to support further investment in power generation and grid equipment. North America is likely to remain a key market as demand for AI infrastructure continues to grow.
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Siemens Energy Increases 2027 Revenue Growth and Profit Forecast
Siemens Energy has increased its financial outlook for fiscal 2027 as demand for its power generation and grid equipment continues to grow.
The company now expects its profit margin before special items to reach 14% to 16% in fiscal 2027. This is higher than the 12.4% margin reported for fiscal 2026.
Siemens Energy also forecasts comparable revenue growth of 14% to 16% for fiscal 2027. It expects net income to reach approximately €5 billion, while pre-tax free cash flow could rise to around €10 billion.
The company has also set new financial targets for fiscal 2030. It aims to achieve annual comparable revenue growth of 12% to 14% and a profit margin before special items of 20% to 22%.
These targets reflect Siemens Energy’s expectations of continued growth in electricity demand. Rising investments in power generation, electricity grids, and AI data-center infrastructure are expected to support its business expansion.
Siemens Energy Reports Record €164 Billion Order Backlog in 2026
Siemens Energy delivered strong financial results for fiscal 2026, which ended on September 30, 2026. The company reported higher revenue, rising orders, and a record order backlog of €164 billion.
Its comparable revenue grew 15.5% year over year to €44.2 billion. Total orders also increased by 18.8% to €68.1 billion. This growth pushed the company’s order backlog to a record €164 billion.
Profit before special items more than doubled to approximately €5.49 billion. Net income also rose to €4.13 billion, compared with €1.69 billion in fiscal 2025. Pre-tax free cash flow nearly doubled as well. It reached €8.8 billion, up from €4.66 billion in the previous fiscal year.
Siemens Energy said it met or exceeded all its previously revised financial targets. Its wind energy subsidiary, Siemens Gamesa, also reached break-even in profit before special items. This marks an improvement after several years of financial losses and restructuring efforts.
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Siemens Energy Announces €9 Billion Share Buyback Through 2030
Siemens Energy has announced plans to launch an additional share buyback programme worth up to €9 billion. The programme is expected to continue through fiscal 2030. The company has also proposed a dividend of €2.30 per share for fiscal 2026. This is more than three times the €0.70 per share paid to shareholders in the previous fiscal year.
These announcements reflect Siemens Energy’s stronger financial position and its expectations for continued growth in the energy infrastructure market.
The company’s latest results also show how rising AI investments are creating new demand for energy equipment. As technology companies expand their AI data centers, they need more gas turbines, transformers, and electricity grid equipment to support their operations.
This growing demand could create new business opportunities for Siemens Energy and other energy equipment suppliers as global investment in AI infrastructure increases.
