SIE.DE · GER DAX Euro Stoxx 50

Siemens Aktiengesellschaft

Industrials · Specialty industrial machinery

€275.30 +€3.75 (+1.38%) today

Closing price on Nov 11, 2026 · Source: Yahoo Finance

Consensus of 25 analysts

Buy

Median price target €309.00 +12.2%

Open: €276.10
Day range: 275.10 – €278.75
52-week range: 198.00 – €291.70
Volume: 240,859
Market cap: €210,388M
P/E (TTM): 27.5x
EPS (TTM): €10.02
EPS est. FY 2026: €11.47
P/E est. FY 2026: 24.0x
Dividend yield: 1.9%
Beta: 1.34
Payout: 54%

Analyst summary

Generated with AI · Nov 11, 2026, 14:37

Siemens combines automation and digitalisation with infrastructure, mobility, healthcare and financial services activities. Q2 2026 revenue rose +7.3% year on year to €20,794M, while net income increased +10.9% to €2,270M. Quarterly free cash flow also strengthened. The shares trade at 27.5x trailing earnings, with analyst consensus at Buy and a median target implying +12.2% upside. Forecast earnings dip in FY 2026 before a projected recovery in FY 2027.

1Q2 2026 revenue grew +7.3% year on year to €20,794M.
2The trailing P/E is 27.5x; estimated FY 2027 P/E is 21.1x.
3Analysts’ median target is €309.00, implying +12.2% potential.

Siemens financials

Q2 2026 results, quarter ended Jun 30, 2026

Metric	Q2 2026	1-year change
Total revenue	€20,794M	+7.3%
Net income	€2,270M	+10.9%
Earnings per share	€2.91	+12.8%
Net margin	10.9%	+0.4 pp
Free cash flow	€4,148M	+42.2%
Debt / equity	0.73	−21.8%

Revenue and net income (€M)

Total revenueNet income

Quarter	Total revenue	Net income
Q2 2025	€19,377M	€2,046M
Q3 2025	€21,427M	€1,619M
Q4 2025	€19,139M	€2,030M
Q1 2026	€19,756M	€2,027M
Q2 2026	€20,794M	€2,270M

Q2 2026 revenue increased +7.3% year on year to €20,794M and net income rose +10.9% to €2,270M. Net margin improved by +0.4 pp to 10.9%. Across the reported quarterly series, revenue recovered from €19,139M in Q4 2025 to €20,794M in Q2 2026, while net income reached €2,270M, its highest listed level. The latest-quarter indicators give EPS of €2.91, up 12.8%; the separate quarterly EPS series lists Q2 2026 at €3.140, against a €2.751 estimate and a +14.2% surprise, so the supplied figures differ. In that series, EPS beat estimates in Q4 2025, Q1 2026 and Q2 2026, after missing in Q3 2025.

Annual EPS rose to €12.110 in FY 2025, with estimates at €11.468 for FY 2026 and €13.020 for FY 2027. Those estimates imply forward P/Es of 24.0x and 21.1x, versus 27.5x trailing. Q2 free cash flow increased +42.2% to €4,148M, and debt/equity fell 21.8% to 0.73.

Written by AI · Nov 11, 2026, 14:37

Siemens earnings per share (EPS)

Consensus estimates

Period	EPS est.	1-year change
Current quarterQ3 2026 · Analysts: 5	€2.8132.60 – 3.03	+22.3%€2.300
Next quarterQ4 2026 · Analysts: 1	€3.1403.14 – 3.14	+12.1%€2.800
Current yearFY 2026 · Analysts: 18	€11.46810.89 – 12.39	−11.5%€12.950
Next yearFY 2027 · Analysts: 19	€13.02010.63 – 14.22	+13.5%€11.468

Forward P/E: 24.0x (FY 2026) and 21.1x (FY 2027) at the current price.

Actual and estimated EPS (€)

Actual EPSEstimated EPS

Quarter	Actual EPS	Estimated EPS
Q2 2025	€2.580	—
Q3 2025	€2.300	€2.629
Q4 2025	€2.800	€2.222
Q1 2026	€2.810	€2.675
Q2 2026	€3.140	€2.751
Q3 2026	—	€2.813
Q4 2026	—	€3.140

Year	Actual EPS	Estimated EPS
FY 2022	€4.590	—
FY 2023	€9.910	—
FY 2024	€10.380	—
FY 2025	€12.110	—
FY 2026	—	€11.468
FY 2027	—	€13.020

EPS trend

Quarter	EPS	YoY change
Q4 2026Estimated	€3.140	+12.1%
Q3 2026Estimated	€2.813	+22.3%
Q2 2026	€3.140est. €2.751 · surprise +14.2%	+21.7%
Q1 2026	€2.810est. €2.675 · surprise +5.0%	n/a
Q4 2025	€2.800est. €2.222 · surprise +26.0%	n/a
Q3 2025	€2.300est. €2.629 · surprise −12.5%	n/a
Q2 2025	€2.580	n/a

Year	EPS	Annual change
FY 2027Estimated	€13.020	+13.5%
FY 2026Estimated	€11.468	−5.3%
FY 2025	€12.110	+16.7%
FY 2024	€10.380	+4.7%
FY 2023	€9.910	+115.9%
FY 2022	€4.590	n/a

Normalised EPS according to the analyst consensus collected by Yahoo Finance; it may differ from the reported EPS in the results table.

Siemens dividend

Yield and payments

Dividend yield (TTM)	1.9%
Forward yield (next 12m)	1.9%
Dividend per share (TTM)	€5.35
Forward dividend (next 12m)	€5.35
Payout (TTM)	54%
Last dividend	€5.35Feb 13, 2026
Next ex-dividend date	n/a

Dividend per share by year (€)

PaidEstimated

Year	Dividend per share
2019	€3.80
2020	€3.90
2021	€3.50
2022	€4.00
2023	€4.25
2024	€4.70
2025	€5.20
est. 12m	€5.35

Siemens pays a dividend, with trailing and estimated 12-month yields both at 1.9%. The trailing and estimated dividend per share are each €5.35, while the payout ratio is 54%. The annual dividend has generally risen from €3.80 in 2019 to €5.20 in 2025, although it declined to €3.50 in 2021 from €3.90 in 2020.

The most recent listed payment was €5.35, with an ex-date of Feb 13, 2026. The next ex-date is n/d. The estimated 12-month dividend remains at €5.35, so the supplied figures indicate a stable prospective payment rather than an increase.

Written by AI · Nov 11, 2026, 14:37

Siemens forecasts

25 analyst ratings

Buy64% Hold28% Sell8%

Consensus: Buy · 16 buy, 7 hold, 2 sell

1-year price forecast

Share price Price target (high, median, low)

12-month price targets
Target	Price	Upside
High	€345.00	+25.3%
Median	€309.00	+12.2%
Low	€240.00	−12.8%

Monthly close (last 12 months)
Date	Close
Nov 28, 2025	€228.30
Dec 30, 2025	€239.15
Jan 30, 2026	€256.30
Feb 27, 2026	€247.40
Mar 31, 2026	€205.70
Apr 30, 2026	€252.55
May 29, 2026	€269.80
Jun 30, 2026	€281.15
Jul 31, 2026	€282.65
Aug 31, 2026	€285.60
Sep 30, 2026	€275.50
Oct 30, 2026	€265.65
Nov 11, 2026	€275.30

Siemens peers

Ticker	Company	Market cap (€M)	P/E	Price (€)	1-day change	52-week range
SIE.DE	Siemens	210,388	27.5x	275.30	+1.38%	198.00291.70
SU.PA	Schneider Electric	142,521	29.1x	242.50	+3.04%	220.40312.30
ENR.DE	Siemens Energy	111,989	42.5x	131.62	+9.83%	100.30191.66
G1A.DE	GEA Group	11,797	26.4x	72.50	+0.42%	53.4573.20
GEV	GE Vernova	210,958	20.9x	797.04 $	−3.89%	530.161,195.94
ETN	Eaton	137,614	35.4x	354.22 $	−1.11%	311.92478.00

Stocks quoted in another currency are shown in their trading currency.

At €210,388M, Siemens has a larger market capitalisation than the listed European peers shown: Schneider Electric at €142,521M, Siemens Energy at €111,989M and GEA Group at €11,797M. Its 27.5x trailing P/E is below Schneider Electric’s 29.1x and Siemens Energy’s 42.5x, but slightly above GEA Group’s 26.4x.

Among the US-listed peers, Siemens’ P/E is below Eaton’s 35.4x but above GE Vernova’s 20.9x. Their market capitalisations are quoted in dollars, so they are not directly comparable with Siemens’ euro-denominated figure.

Written by AI · Nov 11, 2026, 14:37

Risks, catalysts and conclusion

Generated with AI · Nov 11, 2026, 14:37

Risks

Weak factory investment could weigh on demand for automation systems and software in Digital Industries.
Delays or subdued spending on infrastructure and transport projects could constrain Smart Infrastructure and Mobility growth.
The 27.5x trailing P/E leaves the shares exposed to a valuation reset if earnings fall short of forecasts.

Catalysts

Stronger adoption of factory automation and digitalisation could support demand across Digital Industries.
Investment in electrification, sustainable buildings and energy infrastructure could lift Smart Infrastructure activity.
Improving rail and passenger-transport demand could provide support to the Mobility business.

Conclusion

Siemens combines improving recent revenue, profit and cash flow with diversified exposure to automation, infrastructure and mobility. The latest quarterly results and recent EPS estimate beats are constructive, although the supplied Q2 EPS figures differ. Consensus expects FY 2026 earnings to ease before recovering in FY 2027, while the 27.5x trailing P/E is not low relative to several peers. Analyst sentiment is favourable, but the wide target range underlines uncertainty.

Analysis written automatically by AI from Yahoo Finance market data on Nov 11, 2026, 14:37.

This content is for information only and is not financial advice or a recommendation to buy or sell securities. Ratings and price targets come from third-party analysts. Investing in the stock market involves the risk of losing capital.

Siemens Aktiengesellschaft

Analyst summary

Siemens financials

Q2 2026 results, quarter ended Jun 30, 2026

Revenue and net income (€M)

Siemens earnings per share (EPS)

Consensus estimates

Actual and estimated EPS (€)

EPS trend

Siemens dividend

Yield and payments

Dividend per share by year (€)

Siemens forecasts

25 analyst ratings

1-year price forecast

Siemens peers

Risks, catalysts and conclusion

Risks

Catalysts

Conclusion

What the AI agents think about Siemens

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