By Nina Kienle

Siemens posted higher first-quarter revenue, supported across all industrial businesses, while net profit dropped on continued currency headwinds.

The German industrial giant said Thursday that net profit for the quarter ended December declined to 2.03 billion euros, equivalent to $2.41 billion, from 3.71 billion euros a year earlier. The figure beat analysts' forecast of 1.60 billion euros, according to a company-compiled consensus.

Revenue rose 8% on a comparable basis to 19.14 billion euros. Orders amounted to 21.37 billion euros, up from 20.07 billion euros.

Analysts saw revenue and order intake at 19.10 billion euros and 20.84 billion euros, respectively, according to the same consensus.

Profit from industrial business rose to 2.90 billion euros from 2.52 billion euros, with a margin increase to 15.6%. The figure beat analysts' expectation of 2.64 billion euros.

Smart infrastructure recorded orders at a quarterly record high of 7.17 billion euros, while revenue for the business rose 10% on a comparable basis to 5.53 billion euros.

Digital industries recorded higher orders and revenue in all reporting regions, with strong comparable increases in both China and the U.S, Siemens said.

For fiscal 2026, the company backed its outlook but raised its EPS target to a range between 10.70 euros and 11.10 euros, up from 10.40 euros to 11.00 euros previously.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

February 12, 2026 01:10 ET (06:10 GMT)

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