Siemens Energy reports record orders and tripled quarterly profit as gas turbine sales rise amid AI-driven U.S. data center expansion.
Siemens Energy posted a third-quarter profit more than three times higher than the prior year, reaching record sales and margins. The surge was driven by strong demand for gas turbines from U.S. data centers supporting AI infrastructure and power plants.
Orders also hit a record high, reflecting robust capital expenditure in energy infrastructure. Despite the positive results, Siemens Energy shares fell 1.1% in early European trading, contrasting with the earnings beat.
The company’s performance underscores growing investment in energy solutions for digital expansion, though market reaction remained muted.