Siemens raises full-year profit outlook after beating Q1 forecasts

ZURICH, Feb 12 (Reuters) – Siemens raised its full-year profit outlook on Thursday as the engineering group reported better-than-expected results during the first quarter of its 2026 fiscal year. The trains-to-factory-software maker said its industrial profit rose 15% to 2.90 billion euros ($3.44 billion) in the three months to the end of December, beating forecasts for 2.64 billion euros in a consensus of analysts. As a result, Siemens raised its profit outlook for basic earnings per share from a range of 10.40 to 11.00 euros to 10.70 to 11.10 euros for its 2026 fiscal year which runs to the end of September. ($1 = 0.8431 euros) (Reporting by John RevillEditing by Ludwig Burger)

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