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Schneider Electric has raised its 2026 revenue and profit growth forecasts for the second time this year, as strong demand for data centre
infrastructure boosts the French company’s growth outlook.
The company now expects organic revenue growth of 12% to 14% in 2026, up from its previous forecast of 10% to 13%. It has also raised its forecast for organic growth in adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to 18%–21%, compared with the earlier range of 14%–19%.
Data centres have emerged as a major growth driver as technology companies expand infrastructure to support artificial intelligence applications and cloud computing. Schneider Electric supplies critical equipment for these facilities, including power distribution systems, cooling solutions and energy management technologies.
Chief Executive Olivier Blum said data centre demand recorded triple-digit growth in the third quarter, while the company continued to work through its existing order backlog.
Schneider Electric reported record third-quarter revenue of 11.46 billion euros, exceeding the average analyst forecast of 11.13 billion euros compiled by the company. Demand remained healthy across its four end markets, contributing to a record order backlog at the end of the quarter.
While US hyperscalers continued to drive demand for data centre equipment, Schneider Electric said growth in the third quarter was led by China and East Asia. Orders came from large technology companies, social media businesses and regional data centre operators.
The upgraded outlook highlights how rising investment in AI computing is creating opportunities for companies supplying the infrastructure behind digital services. For Schneider Electric, sustained demand for reliable power, cooling and automation systems is becoming an increasingly important driver of growth.
The company now expects organic revenue growth of 12% to 14% in 2026, up from its previous forecast of 10% to 13%. It has also raised its forecast for organic growth in adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to 18%–21%, compared with the earlier range of 14%–19%.
Data centres have emerged as a major growth driver as technology companies expand infrastructure to support artificial intelligence applications and cloud computing. Schneider Electric supplies critical equipment for these facilities, including power distribution systems, cooling solutions and energy management technologies.
Chief Executive Olivier Blum said data centre demand recorded triple-digit growth in the third quarter, while the company continued to work through its existing order backlog.
Schneider Electric reported record third-quarter revenue of 11.46 billion euros, exceeding the average analyst forecast of 11.13 billion euros compiled by the company. Demand remained healthy across its four end markets, contributing to a record order backlog at the end of the quarter.
While US hyperscalers continued to drive demand for data centre equipment, Schneider Electric said growth in the third quarter was led by China and East Asia. Orders came from large technology companies, social media businesses and regional data centre operators.
The upgraded outlook highlights how rising investment in AI computing is creating opportunities for companies supplying the infrastructure behind digital services. For Schneider Electric, sustained demand for reliable power, cooling and automation systems is becoming an increasingly important driver of growth.
