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Schneider Electric Raises 2026 Targets Again on Booming Data Centre Demand

Summary by WTVB
Oct 16 (Reuters) - 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. Schneide...

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Schneider Electric recorded a record turnover of 11.5 billion euros in the third quarter, up 17.9% over a year. In particular due to the demand from the data centres, the group is again raising its financial targets by 2026.

·Gennevilliers, France
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Schneider Electric raises 2026 targets again on booming data centre demand

·London, United Kingdom
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The French group announces a record growth in sales in the third quarter and adjusts its forecasts upwards, driven by the dynamics of the data centres.

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(Teleborsa) - Schneider Electric sold 1.5% to the Paris Stock Exchange despite having reported faster sales growth over the last five years and revised upwards its forecasts for the second...

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Schneider Electric reported its highest sales growth in five years, with requests for data centers for artificial intelligence as one of the main engines. The company raised its revenue and profit forecasts for the second time in 2026.

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Bloomberg broke the news in New York, United States on Friday, October 16, 2026.
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