Wärtsilä Says Lead Times for Its Engines Continue to Increase, Given Strong Energy Order Intake

Wärtsilä Corporation, which works in "the marine and energy markets," issued a stock exchange release on October 27, 2026. It calls itself a summary of the company's interim report for January to September 2026, and says that the complete report is attached to it as a pdf file. Its comparison figures for 2025 and the first half of 2026 have been restated after the company classified its Energy Storage business as held for sale and as discontinued operations, and unless otherwise stated, the figures in brackets are for the same period of the previous year. Parts of the release follow, not the whole.

Orders in the Quarter

For July to September 2026, total order intake rose by 33% to EUR 2,368 million (1,779), the release says, and organic growth, which excludes currency effects and the impact of acquisitions and divestments, was 41%. At the end of September the order book stood at EUR 9,876 million (8,064), up 22%.

The chief executive's statement in the release says that "Order intake increased in Energy, and remained stable in Marine, driven by the lumpy nature of new equipment business."

In the Energy Market

In the energy market, the statement says, electricity demand continued to grow, supported by the electrification of industry and transport, by rising cooling needs and by "data centre investments." Interest from the data center segment "also remained strong, with a dynamic pipeline of opportunities."

During the quarter the company "secured an order to supply a 282 MW onsite power solution for a data centre project in the United States," which "will use 15 Wärtsilä 50SG engines." In the company's words, the order "demonstrates the growing need for fast-deployable, reliable, and scalable power solutions as AI-driven electricity demand grows and grid connection timelines remain lengthy."

The statement also describes an order booked in the quarter for "Australia's largest-ever reciprocating engine power plant," a 300 MW plant that will use 13 engines to provide "critical grid balancing and system security" and, the company says, to enable greater integration of renewable energy. And it says that "We continue to see strong momentum in balancing and data centres for the years to come."

For Energy, Wärtsilä "expects the demand environment for the next 12 months (Q4/2026-Q3/2027) to be similar to that of the comparison period." "Following high order intake quarters, the outlook reflects a continued strong demand environment, especially in Energy," the release says.

Lead Times, Deliveries and Capacity

"Considering the strong Energy order intake, lead times for our engines continue to increase," the statement says. On sales, it reports that in the third quarter net sales "increased organically by 16% driven by growth in equipment deliveries," and that "Equipment delivery times continued to increase, impacting the timing of revenue recognition. Consequently, the existing order book will generate sales that are distributed further into the future."

The release does not say how long the lead times or the delivery times are. It says that "The earlier announced capacity expansions in both manufacturing and services strengthen our ability to meet growing customer demand in Energy and Marine," and gives no date for them.