Siemens Energy's third-quarter performance exceeded expectations, benefiting from the surge in artificial intelligence data centers and demand in the Middle East market.

Siemens Energy announced on Wednesday that, driven by the expansion of artificial intelligence data centers in the United States and the construction of power plants in the Middle East boosting demand for gas turbines, the company achieved record highs in sales, profit margins, and order volumes in the third quarter. Siemens Energy stated that its Siemens Gamesa business unit, which had long dragged down the German group's performance, recorded its first quarterly operating profit in nearly four years due to cost reductions and increased capacity utilization. Siemens Energy CEO Christian Bruch remarked in a statement, "Achieving quarterly profitability in our wind power business for the first time since 2022 is an exceptional accomplishment by the team." Driven by the surge in demand for gas turbines and grid equipment that supports AI technology data centers, the stock prices of Siemens Energy and its American competitor General Electric's Vernova have both increased nearly sevenfold over the past two years. In addition, the conflict in Iran has heightened the procurement demand for electrical equipment from governments in the Middle East. The conflict has exposed the vulnerability of energy infrastructure, compelling countries to urgently secure their electricity supply.