Siemens Reports 334,900 Shares Repurchased in Latest Buyback Update

Siemens repurchased 334,900 of its own shares in the latest week of its current buyback program, lifting cumulative purchases since the program began on July 1 to 3,282,990 shares. The company disclosed the figure Monday in its 11th interim report for the period from September 7 through September 13, with the actual market purchases made across the five trading days from September 7 to September 11.

Based on the daily volumes and weighted-average prices disclosed for those five sessions, the latest purchases represented about €89.12 million of spending at a blended average of roughly €266.11 per share. Siemens carries out the repurchases through a commissioned bank and said the shares are bought exclusively on Xetra, the electronic trading platform of the Frankfurt Stock Exchange.

The latest filing extends a program that has been running for a little over two months. Siemens publishes the running totals and weekly execution data on its 2026 share-buyback page, where the company reported 2,948,090 shares purchased for €814.9 million through September 4 before the newest week was added.

Latest week brings the current program to 3.28 million shares

Purchases during the latest reporting week were spread fairly evenly across the five trading sessions. Siemens bought 71,000 shares on September 7, 58,200 on September 8, 72,300 on September 9, 73,500 on September 10 and 59,900 on September 11. The weighted-average purchase prices ranged from €261.54063 on September 10 to €271.06940 on September 8.

Those figures put the week’s blended purchase price below the cumulative average reported through September 4. Before the newest purchases, Siemens had spent €814.92 million on 2,948,090 shares at a weighted average of €276.42249 per share. Adding the latest daily figures brings estimated cumulative spending to about €904.0 million and the blended average to roughly €275.37 per share. Those last two figures are calculations from Siemens’ published data rather than separately stated totals in the September 14 disclosure.

Measured against the maximum size of the program, roughly €904 million would represent about 15.1% of the €6 billion ceiling. That percentage is only a progress indicator. Siemens described the program as a buyback of up to €6 billion over a period of up to five years, so the ceiling does not imply that the full amount must be spent or that purchases will continue at the same weekly pace.

The latest report also confirms the execution mechanics. A bank commissioned by Siemens handles the purchases, and the company said the shares are acquired exclusively through Xetra. The disclosure was made under the European Union market-abuse framework that governs reporting around issuer share repurchases.

The new €6 billion program follows another completed buyback

Siemens announced the current program on May 13 and began buying shares under it on July 1. The company framed the plan as part of its capital-allocation approach and set a maximum volume of €6 billion over as long as five years. It came almost immediately after the completion of the previous Siemens buyback, giving the company a continuous path for returning capital through share repurchases alongside its dividend policy.

The earlier program started on February 12, 2024 and was completed ahead of schedule on June 15, 2026. Siemens reported that it repurchased 28,261,391 shares under that program, with a final average purchase price of €212.27 per share and acquisition cost of about €5.999 billion. The current program therefore began only about two weeks after the predecessor program ended.

That history is useful context for the latest weekly number. A single week of 334,900 shares is small relative to the total scale of the program, but the cumulative figures show that Siemens has already deployed close to €1 billion since July. Because the number of shares acquired depends on the prices paid in each session, the eventual share count cannot be inferred simply by dividing the €6 billion ceiling by a single recent market price.

Strong cash generation provides the financial backdrop

The repurchases are taking place during a fiscal year in which Siemens has reported higher orders, revenue and cash generation. In its third-quarter results released August 6, Siemens said orders reached a record €27.9 billion, revenue rose 7% to €20.8 billion and Industrial Business profit increased 25% to a record €3.5 billion. Group free cash flow reached €4.1 billion and net income rose 15% to €2.6 billion.

Siemens also raised its fiscal 2026 outlook for basic earnings per share before purchase price allocation accounting to €11.20 to €11.50, from a previous range of €10.70 to €11.10. Chief Financial Officer Veronika Bienert specifically referenced the newly launched buyback program when discussing the quarter’s cash generation and shareholder returns.

Those operating results do not set the week-to-week buyback pace, but they provide the financial context in which the program is being executed. The current program remains substantially larger than the amount deployed so far, and Siemens has retained flexibility by defining both the size and duration as maximums rather than fixed commitments. Future weekly disclosures will show how quickly the company continues to use that capacity as the program progresses.