Siemens to Buy Back €6 Billion Shares Against Tough Backdrop

WATCH: CEO Roland Busch says Siemens’ share buyback is a “good thing to do.”Source: Bloomberg

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By Marilen Martin

May 13, 2026 at 5:00 AM UTC

Updated on

May 13, 2026 at 7:05 AM UTC

Siemens AG will repurchase as much as €6 billion ($7 billion) of shares after orders climbed against a difficult geopolitical backdrop including tariffs and rising inflation.

The buyback will extend over a period of up to five years, Siemens said Wednesday, with the move suggesting the German engineering company is confident in its cash generation. Orders rose 11% during the second quarter, led by demand for software and smart building infrastructure. Profit declined, slightly missing expectations.