Schneider Electric revenue beats on AI data center growth
Schneider Electric reported Q1 revenue of 9.77 billion euros, beating estimates. The firm cited strong demand for AI data center cooling and power equipment.
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SCHNEIDER ELECTRIC SE reported first-quarter organic revenue growth of 11.2% to 9.77 billion euros, beating analyst estimates of 9.76 billion euros. The France based group outperformed the 10.1% organic growth forecast as AI infrastructure demand accelerated. Schneider is capturing a larger share of the $600 billion hyperscaler investment cycle through specialized cooling and power systems.
