Siemens Healthineers - Update 18/09/2026 - ISIN DE000SHL1006

Warren's Watchlist - english · Sep 18, 2026 · 22m · transcript

Siemens Healthineers Stock Score 3 – Sharp with others, blurry with itself

"Siemens Healthineers cuts its revenue guidance and raises profit on the same day – Score 3 of 5.

So how is the business going? • Score 3 is watchlist: solid, with reservations • The strong core: imaging earns over a fifth in margin – yet grew only slowly of late • Focus by subtraction: the weak diagnostics business goes, parent Siemens steps back • The raised profit guidance comes entirely from US tariff refunds, not the business • 94% of equity is goodwill – the biggest chunk is the Varian deal • The risk report puts…