Siemens Beats Q4 Expectations with €23.68B Revenue, Up 11% Amid AI Data Center Surge

According to MoneyDJ, on November 13, Siemens reported fourth-quarter revenue of €23.68 billion, up 11% year-over-year and exceeding analyst estimates of €23.39 billion. Industrial profit surged 22% to €3.89 billion, a record high, while new orders jumped 58% to €34.77 billion, also marking an all-time high.

The growth was driven primarily by AI data center infrastructure demand, with data center-related orders doubling. The company's backlog reached €143 billion, of which €7 billion relates to data center products and services. CEO Roland Busch stated that Siemens' cooperation with NVIDIA will remain unaffected by recent leadership changes, noting that joint projects will continue advancing.

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