Schneider Electric Lifts 2026 Outlook Again as AI Data Centre Demand Surges
What Happened
Schneider Electric raised its 2026 revenue and profit targets for the second time this year after reporting record third-quarter revenue of €11.46 billion, ahead of analyst expectations. The company now expects organic revenue growth of 12%-14%, up from a prior forecast of 10%-13%, and organic adjusted EBITDA growth of 18%-21%, up from 14%-19%. Management attributed the upgrade largely to strong demand for AI-related data centre infrastructure, particularly in China and East Asia.
Key Takeaways
Demand from cloud-computing companies and AI infrastructure projects continues to boost suppliers of data centre equipment. Schneider Electric said data centres remain its strongest growth driver, supporting a record order backlog and improving visibility for future growth.