France's Schneider Electric raises 2026 guidance on data-centre demand

French industrial group Schneider Electric raised its full-year core profit guidance as it cements its role as a key supplier to big cloud companies building data centres.

Schneider, once known primarily for industrial components like fuses ‌and circuit ⁠breakers, ⁠now builds the backbone of data centres, supplying everything ​from cooling units and server racks to critical power distribution equipment.

The company now expects EBITA growth between 14% and 19% in 2026, from the previously expected 10% to 15% range.


Adjusted ⁠EBITA came ‌in at €4.09 billion ($4.68 billion) for the ​first half ​of the year, beating analysts' €3.8 ⁠billion expectation in a company-provided consensus.

The company expects ​disruption in the Middle East to ​impact the second part of the year, with potential for pressure on global supply chains and increased inflation dependent on the duration of the conflict.

Schneider's second-quarter revenue of €21.23 billion took ‌a €124 million currency hit, mainly from a weaker U.S. dollar and Indian rupee. ​The ​company expects ⁠a €400 million to €500 million currency drag on its full-year revenue.

"While demand in Data Centers remained at a ​very high level, Energy Management delivered broad-based growth in H1 across all end markets," CEO Olivier Blum said in a statement.

($1 = 0.8732 euros)