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Siemens Energy posts profit from AI turbines
Siemens Energy announced record results for the third quarter, thanks to strong demand for gas turbines used in AI data center facilities in the United States, and expansion of power plant projects in the Middle East. The increase in demand from data centers and the growing reliance on gas to reduce emissions contributed to boosting the company's sales, which rose by 18.5% to €11.45 billion, surpassing analyst expectations. Additionally, the wind energy division recorded its first quarterly profit in four years, with the company’s stock rising by 1.1%. The company's outlook anticipates a high level of profitability for 2026, with profit margins expected to be between 10% and 12%.
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