Schneider Electric posts its fastest sales growth in five years as AI data centers pile on orders

Third-quarter revenue hit €11.46 billion and the company raised its full-year targets for the second time this year Schneider Electric just had the kind of quarter that makes a guidance spreadsheet look outdated. The company reported third-quarter revenue of €11.46 billion on October 16, 2026, with organic growth of 16.9%. That is its fastest pace of expansion in five years. The driver will surprise no one who has followed tech spending lately: data centers built for artificial intelligence need enormous amounts of power and cooling, and Schneider sells both. On the back of the quarter, the company raised its full-year profit and revenue guidance. That marks the second upgrade of 2026. Revenue of €11.46 billion came in ahead of the €11.13 billion consensus expectation.

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