Schneider Electric Raises 2026 Targets on AI Demand
Schneider Electric raised its 2026 profit and revenue targets for the second time this year. The French industrial group benefited from booming demand for data centre equipment driven by artificial intelligence.
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Schneider Electric SE raised its 2026 core profit and revenue targets for the second time this year on Friday morning, driven by booming data centre demand. The French industrial group strengthened its position as a key supplier to cloud companies building AI infrastructure. Adjusted earnings before interest, taxes, depreciation and amortization will grow between 18% and 21% organically in 2026, up from the previous forecast range of 14% to 19%.
