Schneider Electric tops revenue forecast as it rides AI data centre wave
Published on April 30, 2026.
Switzerland's Schneider Electric has surpassed its previous year's forecast for 11.2% growth to €9.77 billion ($11.39 billion), surpassing the average of €10.1 billion. The company makes power equipment, server racks, and cooling systems for data centres. The surge in demand for this technology is driving revenue, offering an alternative revenue stream to the company's legacy electric equipment business. However, the impact of foreign exchange fluctuations is expected to be felt.
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