Siemens Energy raised its full-year outlook for Siemens Gamesa, now expecting comparable revenue growth of 3% to 5% in fiscal year 2026, up from previous guidance of 1% to 3%. The profit margin before special items is still expected to reach break-even for the full year.
Siemens Gamesa narrowed its loss in the second quarter of fiscal year 2026, reporting a loss before special items of €44 million, compared with €249 million in the same period a year earlier.
The profit margin before special items improved to -1.7%, up from -9.2% in Q2 FY2025, a 7.5 percentage point improvement. Revenue remained broadly stable year-on-year on a comparable basis, rising 0.4% to €2,526 million, supported by growth in the offshore segment and higher service revenue, which offset lower new unit deliveries.
For the first half of fiscal year 2026, Siemens Gamesa reduced its loss before special items to €90 million from €623 million a year earlier, an improvement of more than 85%.
Orders totalled €846 million in the quarter, broadly in line with €875 million in the same period last year on a comparable basis. The book-to-bill ratio declined to 0.33, reflecting a continued focus on selective contracting and margin improvement rather than volume growth. The order backlog stood at €33 billion.
The quarter also saw initial orders for the SG 7.0 platform, the successor to the 5.X onshore turbine range.
