The company now expects adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to increase by between 18 per cent and 21 per cent organically in 2026, up from its previous forecast of 14 per cent to 19 per cent. It also raised its organic revenue growth outlook to between 12 per cent and 14 per cent, compared with the earlier range of 10 per cent to 13 per cent.
Strong demand for data centre infrastructure has continued to drive the company's performance, with orders from major technology companies supporting its growth outlook.
“Data Centers remained a key growth driver as we continue to execute on our backlog while seeing triple-digit demand growth in the quarter,” Chief Executive Officer Olivier Blum said in a quarterly statement.
Schneider Electric, traditionally known for its circuit breakers and industrial electrical equipment, has become a major beneficiary of the artificial intelligence investment boom. Its products and services support the infrastructure required to operate data centres, including cooling systems, server racks and critical power distribution equipment.
The company's third-quarter performance exceeded market expectations, with organic revenue rising by 16.9 per cent to €11.46 billion, equivalent to approximately $12.87 billion. The figure surpassed analysts' average forecast of €11.13 billion, according to a consensus compiled by the company.
“We delivered the strongest quarter in Schneider's history,” Chief Financial Officer Nathan Fast said during a press call.
Although demand from major United States-based cloud computing companies continues to support data centre orders, Schneider said China and East Asia led regional growth during the third quarter.
The data centre business was the principal growth driver in the region, supported by direct sales to major customers in social media, technology and digital infrastructure, alongside domestic and regional colocation operators that provide shared data centre facilities.
Beyond its core electrical equipment business, Schneider is expanding its software capabilities to capture more value from the growing demand for industrial digitalisation and AI-driven operations.
The company recently acquired industrial artificial intelligence specialist Cognite and announced a $22.6 billion deal to purchase engineering software maker PTC. The moves form part of its strategy to develop an integrated platform covering product design, industrial operations and energy management.
According to Fast, PTC is likely to operate under a governance structure similar to that of Aveva, Schneider's industrial software business, which the group fully acquired in 2023.
Despite the improved financial outlook and strong quarterly results, Schneider's shares were little changed in early trading on Friday. The stock has gained approximately 10 per cent since the beginning of 2026, although investor reaction to the PTC acquisition announcement in early October weighed on its performance.
The latest forecast revisions highlight Schneider's growing exposure to the global AI infrastructure expansion, as technology companies continue investing in the power systems, cooling equipment and industrial technologies needed to support increasingly demanding data centre operations.