Siemens Energy Stock Surges 8% on Record €164B Backlog Fueled by €15B in AI Data Center Orders

According to Siemens Energy's official earnings release, the company's stock jumped approximately 8% on November 11 after reporting record fiscal 2026 results, with an order backlog hitting €164 billion and a €9 billion share buyback program announced. Chief Executive Christian Bruch said approximately €15 billion of outstanding orders are linked to AI data centers, representing about 9.1% of the total backlog.

Siemens Energy reported €4.13 billion in annual net income, more than double the €1.69 billion in fiscal 2025. Annual revenue reached €44.2 billion, up 15.5% on a comparable basis, while the company proposed increasing its annual dividend from €0.70 to €2.30 per share.

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