Siemens posts record industrial profits

German company Siemens achieved its highest quarterly industrial profits in its history, with significant growth in demand for data centers, software, and AI-powered hardware. The company benefited from the surge in artificial intelligence investments, leading to increased demand in sectors such as electronics, chip manufacturing, and smart infrastructure, with profits growing by 25% in the last quarter to €3.52 billion — the highest quarterly level in its history — alongside a 7% increase in revenue. The company has raised its profit and growth forecasts for the fiscal year, supported by continued strong demand for automation and electrical solutions. It also recorded robust free cash flows of €4.1 billion, with the digital industries and infrastructure sectors leading in order intake and profit margins expansion.

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