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

Schneider Electric just had the kind of quarter that makes a guidance spreadsheet look outdated.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. The numbers behind the beat Revenue of €11.46 billion came in ahead of the €11.13 billion consensus expectation. The Energy Management segment did most of the heavy lifting. It grew approximately 19% organically. Inside that segment, data-center orders posted triple-digit growth. Those orders now make up around 30% of Schneider’s total orders. Geographically, China and East Asia led the pack with 26% organic growth. North America followed with a 20% organic increase, powered by spending from hyperscalers. Schneider said all of its end-markets showed healthy demand, and the company closed the quarter with an all-ti...