Siemens Energy Projects Higher Margins and Boosted Dividend on Data Centre Demand
Siemens Energy announced on Wednesday that it expects higher profit margins and plans to more than triple its dividend. Reporting from Berlin and Duesseldorf, the company stated that robust construction of US data centres is driving continuous demand for its critical power equipment, including gas turbines and grid technology.
The company has benefited from rising electricity demand, fuelled more recently by the expansion of artificial intelligence and data centres that require vast amounts of power. Data centre-related orders for gas turbines and grid equipment account for around €15 billion ($16.8 billion). The news comes after a global selloff in AI-related stocks, triggered by fears of tougher regulation following the Democratic Party’s sweeping success in US midterm elections in the world’s biggest market for AI data centres.
Alongside its positive outlook, the company reported that its Siemens Gamesa wind division has reached a closely watched break-even target, marking a milestone after years of losses and restructuring. Furthermore, Siemens Energy proposed a dividend of €2.30 per share for 2026, up from €0.70 a year earlier. Looking ahead, the company expects its profit margin to rise to between 14% and 16% in a specified future period, up from 12.4% in 2026, while analysts polled by the company had forecast a margin of 14.7%.
