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James Demmert explains why foreign markets are beating the U.S.—and the five international stocks he thinks can outperform the S&P 500.

Siemens Energy AG (SMERY) Q2 2026 Earnings Call Transcript

Siemens Energy remains a strong buy as fundamentals strengthen, with GT now the primary growth engine and robust cash generation fueling accelerated buybacks. Q2 2026 delivered 8.9% y/y revenue growth, record EUR17.7 billion orders, 220 bps margin expansion, and EUR1.98 billion pre-tax free cash flow, reflecting broad-based segment strength. Grid Technologies outperformed, prompting upgraded FY26 guidance: 25–27% revenue growth and 18–20% margins, with structural margin improvement and significant capacity expansion underway.

Siemens Energy AG (SMERY) Q2 2026 Earnings Call Transcript

Siemens Energy will accelerate its standing share buyback programme after posting a 42% increase in pre-tax free cash flow, the company said on Tuesday, benefitting from demand for data centres to power artificial intelligence technology.

In Q1 2026, Polen International Growth Portfolio returned -14.4% (net of fees) compared to -0.7% for the Index. We initiated new positions in TSMC, Rheinmetall, Saab, Mitsubishi Heavy Industries, AstraZeneca, AIA Group, Siemens Energy, Samsung Electronics, and Keyence. We sold our holdings in Nintendo, MakeMyTrip, Adidas, Globant, Amadeus IT Group, Monday.com, ICON plc, and HDFC Bank.

Siemens Energy on Thursday raised its outlook for 2026, joining peers in benefiting from a surge in demand for data centres that require power equipment the German company supplies.

Siemens Energy AG (SMNEY) Discusses Middle East Operational Impacts, Market Trends and Q2 Pre-Close Updates Prepared Remarks Transcript

Siemens Energy AG (OTCMKTS:SMEGF - Get Free Report)'s share price fell 0.8% on Monday. The stock traded as low as $161.75 and last traded at $172.59. 17,342 shares were traded during trading, an increase of 65% from the average session volume of 10,487 shares. The stock had previously closed at $174.0450. Siemens Energy Stock
