Key facts
- Schneider Electric raised its 2026 targets for the second time this year.
- The company expects organic earnings before interest, taxes, depreciation and amortization to grow 18%-21% in 2026, up from 14%-19%.
- Organic revenue growth is now projected at 12%-14%, compared to the previous 10%-13% forecast.
- Third-quarter revenue reached a record €11.46 billion ($12.87 billion), exceeding the consensus forecast of €11.13 billion.
Schneider Electric has raised its 2026 core profit and revenue targets for the second time this year, driven by strong demand for AI data centers. The company now anticipates organic earnings before interest, taxes, depreciation and amortization to grow between 18% and 21% in 2026, an increase from the previous forecast of 14% to 19%. Organic revenue growth is projected to be between 12% and 14%, up from 10% to 13%. Schneider's third-quarter revenue reached a record €11.46 billion ($12.87 billion), surpassing analysts' average forecast of €11.13 billion. CEO Olivier Blum stated that data centers remained a key growth driver, with triple-digit demand growth observed in the quarter, supported by continued strong demand from US hyperscalers.