Schneider Electric Raises 2026 Targets Again on Booming Data Centre Demand

3-line summary

• Schneider Electric raised its 2026 adjusted EBITDA organic growth guidance to 18-21% from 14-19%, and organic revenue growth guidance to 12-14% from 10-13% — its second upward revision this year, Reuters reported.
• Q3 revenue reached a record €11.46 billion (about $12.87 billion), beating the analyst average estimate of €11.33 billion; order backlog at quarter-end also hit a record.
• CEO Olivier Blum said data centers remained a key growth driver, with triple-digit demand growth during the quarter; the company has expanded from traditional circuit breakers and industrial electrical equipment into cooling systems, server racks, and core power-distribution gear for AI data centers. Data-center equipment orders were supported by steady demand from US hyperscalers, while Q3 growth was led by China and East Asia, where direct sales to large tech and social-media firms and demand from local colocation customers were the main growth drivers for the data-center business.

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