Siemens CEO Roland Busch said Thursday that his company would continue to work with Nvidia, regardless of what the AI chipmaker decides about the future of its founder and CEO, Jensen Huang.
“We are talking about a relatively big company with a large team,” Busch told reporters. “So the projects we have, they will continue independently of what’s happening at Nvidia.”
Busch said that collaboration between the German engineering group and the world’s dominant supplier of AI chips, including joint projects, was not dependent on Huang’s ultimate fate. “I believe that we are too much focused on one individual. And that is, of course, the result of all the hype in the media,” Busch said.
“We have Nvidia people working together with us on our side. We have joint projects. And honestly, I don’t see any kind of influence. It’s a partnership between companies,” he concluded.
Busch’s comments came as Siemens reported better-than-expected fourth-quarter results and raised its mid-term growth outlook, as strong demand for trains and AI-related data centres continued to boost orders.
The German engineering group said industrial profit jumped 22% to $4.31 billion in the three-month period ended September 30, the highest ever recorded by the company.
Revenue rose 11% to €23.68 billion, exceeding forecasts of €23.39 billion, while orders surged 58% to a record €34.77 billion.
Busch told investors: “Fiscal 2026 was an outstanding year for Siemens. We delivered strong profitable growth in our core markets – driven by innovation, competitiveness and strong execution of our strategy. With our expanded range of digital offerings from Siemens Xcelerator, our digital business grew 16 percent. Industrial AI is an exceptional growth opportunity, and Siemens is built to win in this space. By consistently scaling Industrial AI, we are unlocking our next phase of profitable growth. Given our ambition to outperform our core markets, we are providing an ambitious outlook for fiscal 2027 and are raising our Group-level mid-term targets.”
“After an outstanding fourth quarter, we closed fiscal 2026 with records in orders, profit and Free cash flow. We want our shareholders to benefit from this success. As a result, we propose raising the dividend to €5.50 per share, in line with our progressive dividend policy. In addition, as part of the previously announced spin-off, we plan to transfer 34.1 percent of our stake in Siemens Healthineers to our shareholders at a ratio of one Siemens Healthineers share for every two Siemens shares,” said Veronika Bienert, Chief Financial Officer of Siemens AG. “We are building on the strength of the past fiscal year as we turn our focus to the next phase of our profitable growth trajectory in fiscal 2027 and beyond.”
Siemens’ shares rose 4.7% following the announcement.
By CEO NA Editorial Staff
