Siemens Raises Growth Targets on Industrial AI and Data Center Demand

Siemens raised its medium-term growth targets after a 25% increase in orders to €108.2 billion for fiscal 2026, driven by Industrial AI, digitalization, electrification, and data-center demand. Data centers now account for 20% of Smart Infrastructure revenue, supporting AI expansion. Despite record industrial profit, net income declined due to prior-year gains; Siemens starts fiscal 2027 with a €143 billion order backlog.