Schneider Electric: Schneider Electric raises 2026 targets again on booming data centre demand
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Schneider Electric raised its 2026 revenue and profit targets on Friday after reporting record third-quarter earnings of €11.46 billion.
- ✓Booming demand for AI data centres drove this growth.
- ✓CEO Olivier Blum said, "Data Centers remained a key growth driver as we continue to execute on our backlog during the quarter."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Schneider Electric has achieved a record revenue of €11.46 billion in the third quarter, exceeding analyst projections. The company has adjusted its revenue and earnings growth targets for 2026, buoyed by strong demand, especially in the data centre segment across China and East Asia. Schneider is actively boosting its software capabilities with acquisitions like Cognite and PTC.
Schneider Electric raised its 2026 core profit and revenue targets for the second time this year on Friday, as the French industrial group cements its role as a key supplier to big cloud companies building AI data centres.
Schneider expects its adjusted earnings before interest, taxes, depreciation and amortization to grow between 18% and 21% organically in 2026, instead of the previously forecast 14% to 19%.
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Economic Times
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