Siemens (SIE GY) Q2 (EUR) Revenue 19.8bln (exp. 20.1bln), Orders 24.11bln (exp. 22.6bln), Net Income 2.24bln, -8.3% Y/Y. Co. announces up to EUR 6bln share buyback for up to 5 years; confirms FY26 outlook

Continue to expect comparable revenue growth − net of currency translation and portfolio effects − in the range of 6% to 8% and a book-to-bill ratio above 1 for fiscal 2026. Digital Industries now expects comparable revenue growth of 7% to 10% (prev. guided 5% to 10%) and a profit margin of 17% to 19% (prev. guided 15% to 19%) for fiscal 2026. Smart Infrastructure now expects for fiscal 2026 comparable revenue growth of 8% to 10% (prev. guided 6% to 9%) and continues to expect a profit margin of 18% to 19%.