Schneider Electric reported 9% organic revenue growth in the third quarter to 9.72 billion euros ($11.7 billion), surpassing analysts’ forecast of 8.4%. The French industrial group benefited from strong demand for data centers supporting AI and cloud services.
Sales in data center and network markets grew in double digits, led by U.S. clients, with China and France also contributing. Since acquiring U.S. data center cooling firm Motivair in February, Schneider has strengthened its position in AI infrastructure by supplying power equipment, cooling systems, and server racks.
The company plans over $700 million in U.S. expansion through 2027, offsetting import tariffs. CFO Hilary Maxson noted the data center segment could exceed 24% of total revenue next year. Schneider confirmed annual revenue and margin guidance, expecting results in the lower half of prior ranges.
