Schneider Electric lifts 2026 outlook as data-centre demand surges

By Mathias de Rozario and Aleksandra Kret Thu, July 30, 2026 at 6:58 AM UTC

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(Corrects paragraph 9 to show second-quarter revenue was €11.46 billion, not €21.23 billion)

By Mathias de Rozario and Aleksandra Kret

July 30 (Reuters) - French industrial group Schneider Electric raised its full-year 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 expects EBITA growth of between 14% and 19% in 2026, against 10% to 15% range earlier, and forecasts full-year revenue to grow 10% to 13%, higher than 7% to 10% expected earlier.

It posted an adjusted EBITA of €4.09 billion ($4.68 billion) for the first half of the year, beating analysts' €3.8 billion expectation in a company-provided consensus.

"We delivered a record first-half... that was boosted by growth in data centres, but we saw growth across all regions, all businesses, and all four end markets," finance chief Nathan Fast said in a call with journalists.

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A majority of the company's data centre gigawatts were concentrated in North America, but Fast sees a pick-up in demand from Southeast Asia.

He flagged a recovery in the buildings sector in Europe.

"It's better than we do in China and the U.S. that still remain quite subdued," Fast said.

Schneider's second-quarter revenue of €11.46 billion took a €124 million currency hit, mainly from a weaker U.S. dollar and Indian rupee.

The company anticipates a €400 million to €500 million currency drag on its full-year revenue.

The disruption in the Middle East will impact the second half of the year, with potential for pressure on global supply chains and increased inflation dependent on the duration of the conflict, Schneider said.

($1 = 0.8732 euros)

(Reporting by Mathias de Rozario and Aleksandra Kret in Gdansk; Editing by Mrigank Dhaniwala)

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