By John Revill
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.
During the company's first quarter, Siemens said its sales rose 4% to 19.14 billion euros, beating the 19.09 billion euros forecast, while orders rose 7%.
Siemens CEO Roland Busch said artificial intelligence had been a strong growth driver for the company.
"We’re scaling industrial AI in our core industries," he said. "By integrating AI deeply into design, development, products and operations, we’re adding measurable value for our customers."
Among Siemens' AI products are software which helps train logistics robots to recognise different sizes of boxes, as well as industrial software which allows operators to speak to their machines to identify and fix mechanical problems.
Siemens software is being used to design data centres before they are built, while the company also provides hardware such as power distribution equipment for the sites, which are used to support artificial intelligence.
($1 = 0.8431 euros)
(Reporting by John RevillEditing by Ludwig Burger)
