Siemens Wins a Bullish Nod From Evercore Even as Vertical Research Steps Back
Published on 11/15/2026 at 13:31 | Editorial boerse-global.de
Siemens closed out its 2026 fiscal year with a record order book and a double-digit rise in profit, but the results drew a split response from the analyst community — one house trimming its rating, another lifting its price target.
Evercore ISI raised its target on the Munich industrial group to €320 from €315 on Friday, keeping its "In Line" rating unchanged, according to media reports. The move came a day after Vertical Research cut Siemens to "Hold" from "Buy," with a €300 price target, also per media reports. The downgrade landed on the same Thursday that Siemens unveiled record quarterly orders and stronger earnings.
Orders and profit hit new highs
For the full 2026 fiscal year, Siemens booked orders worth €108.2 billion — a company record. Comparable revenue reached €83.4 billion, up 8%, while profit at the Industrial Business came in at €13.3 billion.
The closing quarter did much of the heavy lifting. Industrial Business profit climbed 22% to €3.9 billion, net profit advanced 32% to €2.4 billion, and revenue rose 11% to €23.7 billion. Orders in the period totaled €34.8 billion, a 58% jump and a quarterly record.
Should investors sell immediately? Or is it worth buying Siemens?
Shareholders are in line for a higher payout: the board is proposing a dividend of €5.50 per share for fiscal 2026.
Guidance points to another year of growth
Looking ahead to fiscal 2027, Siemens expects comparable revenue growth of 9–11%. Earnings per share before purchase price allocation — EPS pre PPA — are guided to a range of €10.20 to €10.80.
Lauterbach acquisition and the Nvidia tie-up
On Tuesday the company agreed to acquire Lauterbach, a German specialist in debug and trace technology. Siemens did not disclose the purchase price and expects to complete the transaction in the first half of 2027, subject to customary conditions and the necessary approvals.
Chief executive Roland Busch also addressed the group's collaboration with Nvidia on Thursday, telling Reuters it would continue regardless of the decision on the future of Nvidia chief Jensen Huang.
Siemens at a turning point? This analysis reveals what investors need to know now.
AI toolkit and an investor roadshow
Separately, Siemens presented its HyperLynx Agentic Toolkit, designed to support the verification of electronic systems using artificial intelligence. A preview version for selected customers is slated for the fourth quarter of fiscal 2026.
Management will take its story on the road at a Boston and New York roadshow on 17–18 November 2026. The next set of figures — first-quarter results for fiscal 2027 — is scheduled for 11 February 2027.
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