France-based Schneider Electric, which supplies power, cooling, and automation equipment, raised its 2026 targets for the second time this year after third-quarter revenue beat estimates. Demand from hyperscalers in the US remained strong, while China and East Asia drove quarterly growth.

The company now expects 2026 organic adjusted earnings before interest, taxes, depreciation, and amortization growth of 18% to 21%. It forecasts organic revenue growth of 12% to 14%.

Third-quarter revenue reached a record 11.5 billion euros (US$12.8 billion), ahead of the 11.1 billion euros (US$12.5 billion) average analyst forecast in a consensus compiled by the company.

🔗 Source: Reuters

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