Siemens Reports Q3 Results Match Forecasts, Weak Dollar an Obstacle

Siemens reports Q3 its financial results for the third quarter of 2025. The numbers matched what most experts had predicted. That sounds like good news, but there’s more to the story.

We’re living in a time where even strong companies feel pressure from global trends. In this case, Siemens is dealing with one big problem: a weak U.S. dollar. It’s affecting how much money they actually keep, even when their business is doing well.

Siemens is a global tech giant. From factory automation to smart buildings, they touch many industries. So, when Siemens speaks, investors listen. And right now, the message is clear: we met expectations, but foreign exchange is a real challenge.

Let’s break down what the Q3 results really mean, how different parts of the business performed, and why the weak dollar matters more than you might think.

Siemens Reports Q3 Results: Overview

Siemens’ industrial profit fell 7% to €2.82 billion, matching what analysts expected. Revenue rose 3% to €19.38 billion, slightly above the €19.24 billion forecast. This shows we met the numbers most thought we would.

Key Highlights from Earnings Call

CEO Roland Busch said we held strong amid market swings. He spoke about currency swings and a volatile world. He did not go deep into U.S. trade tariff effects.

Impact of the Weak Dollar

The weak U.S. dollar hurt results. It shaved four points off Siemens’ order growth and three points off revenue growth. That’s because the dollar fell 8% against the euro. The company was significantly impacted by the currency drop. These shifts reduced how much they earned from exports and overseas business.

Segment‑Wise Performance

Our business parts showed mixed results:

• Orders jumped 28% to €24.7 billion, thanks to big rail deals like a €3.5 billion system for Egypt and a €1.7 billion train project in the U.S.
• Industrial profit dropped 7% to €2.8 billion, with margin slipping from 16.5% to 14.9%.
• The mobility segment saw revenue up 19% to €3.1 billion and profit up 26% to €286 million.
• Digital Industries revenue fell 10% to €4.4 billion, led by a 30% drop in software. Profit fell 43% to €642 million.
• Smart Infrastructure did well, with revenue up 9% to €5.7 billion, profit up 16% to €1.1 billion, and margin rising to 18.8%.
• Healthineers’ revenue rose 4%, profit climbed 8% to €821 million.
• Financial Services earnings before tax dipped to €112 million, down from €131 million. Return on equity dropped to 10.3%.

Siemens backlog stayed strong at €117 billion, with a solid book‑to‑bill ratio of 1.28. Return on capital employed dipped due to higher capital from acquisitions.

Market Reaction & Analyst Commentary

Markets took the results as steady, even with the currency headwind. Analysts praised our resilience. Some noted worries about FX risks and profit pressure from digital costs. Yet orders and cash flow stood out. Our results aligned with peers and beat some expectations.

Future Outlook & Guidance

Siemens maintained its full-year guidance, expecting 3% to 7% revenue growth and earnings per share (EPS) between €10.40 and €11.00, before purchase price allocation.
This outlook doesn’t include new buys like Altair and Dotmatics, which are still weighing on margins.

Bottom Line

Siemens reports Q3, met forecasts, and showed strength in hard times. Sharp order growth and steady revenue backed that. But the weak dollar cut deeply into our profits. Siemens stuck to our plan into Q4. Our base is solid, but FX risks still linger. We’ll watch the dollar and markets closely as we move forward.

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Disclaimer:

This is for information only, not financial advice. Always do your research.