Siemens updates Simcenter simulation software

Siemens reported record quarterly industrial profit and orders, raising full-year guidance. For the three months ended June 30, industrial profit rose 25% to €3.52B, above a €3.18B consensus, with revenue up 7% to €20.79B and orders up 13% to €27.90B. EPS guidance increased to €11.20-€11.50. Siemens also said tax authorities agreed on the planned Siemens Healthineers spin-off.

Romanian rail operator CFR said it signed two contracts totaling over 957 million lei (about €182.7m) to modernize signaling and interlocking on Cluj and Timisoara networks. Awards went to a consortium led by Siemens Mobility with Imsat and Elsitel. Terms are 30 months plus a 60-month warranty, aiming to centralize signaling and cut traffic management costs.

Siemens said it agreed to acquire privately held Precision Innovations Inc. to add AI chip planning tools based on the OpenROAD framework for SoC feasibility analysis and design exploration. Precision Innovations’ EDA software supports power, performance and area evaluation and reduces design iterations. The deal, with undisclosed terms, is expected to close in Q3 2026 subject to customary conditions.

European STOXX 600 was flat at 650.84. Tech stocks fell as investors weighed high AI/chip valuations; ASML and Infineon each dropped 4%, and Siemens Energy slid 5.5% after Barclays downgraded it. Defence stocks edged up ahead of a NATO summit; Saab rose 5.3% after Morgan Stanley upgraded, and Shell gained 2.2% after raising its Q2 integrated gas outlook.

Naver said on its Q2 earnings call that its AI factory partnership with Nvidia is expected to start generating revenue in the first half of 2027. The facility will launch at 55 MW in 2027, expand to 100 MW by year end and 200 MW in 2028, with margins expected to reach double digits then exceed 20%. Naver reported Q2 revenue of 3.39 trillion won and operating profit of 520.3 billion won.

Adobe launched a new ChatGPT app that integrates more than 70 Adobe creative and productivity tools, including Photoshop, Premiere Pro, Illustrator, InDesign, Lightroom, Acrobat Pro and Firefly, inside OpenAI’s chatbot. Adobe says it consolidates earlier Photoshop, Express and Acrobat Pro integrations and lets users access tools via @Adobe, as guests or with an Adobe account.