Schneider beats profit expectations as data center demand offsets weak dollar

French industrial group Schneider Electric on Thursday reported stronger-than-expected core earnings, driven by robust data centre demand, supporting its 2026 outlook despite pressure from a weakening dollar.

The group reported triple-digit year-on-year growth within its pure data centre segment. Quarterly revenues grew organically by 10.7% to 11.10 billion euros ($13.12 billion). Full-year adjusted earnings before interest, taxes and amortisation (EBITA) ‌totaled 7.52 ⁠billion euros.