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.
