Siemens has delivered a record quarter as accelerating investment in artificial intelligence, data centres and industrial digitalisation continues to fuel demand for the technologies underpinning the next generation of global infrastructure.
The German technology and engineering group reported Industrial Business profit of €3.5 billion for its third quarter of fiscal 2026, an increase of 25 per cent year on year and the highest quarterly figure in the company’s history.
Orders also reached a record €27.9 billion, rising 14 per cent on a comparable basis, while revenue increased eight per cent to €20.8 billion.
The results underline the increasingly significant role being played by artificial intelligence beyond the software sector, as expanding AI workloads generate demand for data centres, electrification, automation and digital industrial systems.
AI Infrastructure Drives Demand
One of the strongest areas of growth for Siemens has been its Smart Infrastructure division, which supplies technologies used across electrical infrastructure, buildings, energy systems and data centres.
During the first nine months of fiscal 2026, Siemens recorded triple-digit order growth in its data centre business as technology companies continued to expand the physical infrastructure required to support cloud computing and artificial intelligence.
The company is benefiting from increasing demand for the electrical distribution, automation and energy-management systems required to operate increasingly powerful computing facilities.
Digital Industries also recorded significant growth during the quarter. Orders increased nine per cent on a comparable basis to €4.9 billion, while revenue rose ten per cent to the same figure.
Revenue from the division’s software business climbed 15 per cent to €1.8 billion, highlighting continued investment by businesses seeking to digitalise product development and manufacturing operations.
Across the first nine months of Siemens’ financial year, its overall digital business grew by 18 per cent.
“The AI boom is moving beyond software, creating new demand for the infrastructure, automation and industrial technology behind it.”
Technology Meets Industry
The figures demonstrate how the current AI investment cycle is expanding beyond semiconductor manufacturers and software developers.
Building large-scale AI systems requires substantial physical infrastructure, from power distribution and cooling to automation, industrial software and intelligent building management.
For companies such as Siemens, that crossover between digital technology and traditional infrastructure is creating a significant growth opportunity.
The company’s total order backlog reached another record of €132 billion at the end of the quarter, providing substantial visibility over future revenues.
Free cash flow increased 42 per cent to €4.1 billion, while group net income climbed 15 per cent to €2.6 billion.
Following the performance, Siemens increased its earnings expectations for the full financial year, raising its guidance for earnings per share before purchase price allocation accounting to between €11.20 and €11.50.
Industrial AI Moves Into the Mainstream
The results arrive as businesses worldwide increase spending on artificial intelligence infrastructure and seek new ways to introduce AI into industrial operations.
Rather than being limited to consumer-facing applications and generative AI tools, investment is increasingly flowing into the technologies that allow factories, infrastructure networks and physical assets to become more automated, connected and intelligent.
Siemens has positioned industrial AI and digitalisation at the centre of that transition, combining software with automation, electrification and physical infrastructure.
Its record third quarter offers another indication that the AI boom is beginning to reshape a far broader section of the global technology economy.
As demand for computing capacity continues to grow, the businesses supplying the infrastructure behind artificial intelligence could become some of the technology sector’s biggest beneficiaries.