CONNECT WITH US
AI & Deeptech

AI & Deeptech

Schneider Electric raises 2026 targets again on booming data centre demand

IndiaTimes (ET) - AI logo

Published on

Add as a preferred source on Google
Schneider Electric raises 2026 targets again on booming data centre demand

Business News Tech AI Schneider Electric raises 2026 targets again on booming data centre demand

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%. It sees organic revenue growth between 12% and 14%, versus the earlier range of 10% to 13%.

"Data Centers remained a key growth driver as we continue to execute on our backlog while seeing triple-digit demand growth in the quarter," CEO Olivier Blum said in a quarterly statement. Once mainly known for its circuit breakers and industrial electrical equipment, Schneider has emerged as one of the biggest industrial beneficiaries of the AI boom, building the backbone of data centres, supplying everything from cooling units and server racks to critical power distribution equipment. 13 billion in a company-provided consensus. "We delivered the strongest quarter in Schneider's history," finance chief Nathan Fast said during a press call.


Source link
Related Topics:AI & Deeptech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.