Schneider Electric lifts 2026 targets again as Q3 revenue hits record EUR11.46 billion

Schneider Electric raised its 2026 core profit and revenue targets for the second time this year, citing data centre demand, after third-quarter revenue reached a record EUR11.46 billion. The French industrial group now expects adjusted EBITDA growth of 18% to 21% organically in 2026, up from 14% to 19%, and organic revenue growth of 12% to 14%, up from 10% to 13%, MarketScreener reported.

Schneider Electric's Record Third Quarter

Schneider Electric's third-quarter revenue of EUR11.46 billion, or $12.87 billion, beat analysts' average forecast of EUR11.13 billion in a company-provided consensus. CEO Olivier Blum said data centres remained a key growth driver. "Data Centers remained a key growth driver as we continue to execute on our backlog while seeing triple-digit demand growth in the quarter," Blum said in a statement.

Schneider Electric is a France-headquartered industrial technology company that sells hardware, software and services for energy management and industrial automation across data centres, buildings, industry and grid infrastructure, according to company records. Blum said demand remained healthy across all four end-markets, supporting another record backlog at quarter-end. Orders for data-centre power, cooling and automation equipment are sustained by continued strong demand from US hyperscalers, though third-quarter growth was led by China and East Asia, the company said. The data centre business was the main growth driver in the region, both from direct sales to large customers in social media, technology and digital infrastructure, and from domestic and regional co-location customers.

Schneider Electric's Funding and Scale

Schneider Electric's funding records show a $6.7 billion post-IPO equity round and a $19 billion post-IPO debt round in October 2026, the latter led by Morgan Stanley and Societe Generale, according to akta.pro funding records. The same records list a $987.1 million post-IPO debt round in June 2026 and a $4.1 billion post-IPO debt round in August 2025. Schneider Electric's total funding stands at $30.7 billion, and it employs 160,000 people worldwide.

Schneider Electric's October Deals and Products

Schneider Electric agreed to acquire PTC for $22.6 billion, with the deal closing by Q3 2027, Engineering.com reported on October 14, 2026. The same day, Schneider Electric and Apple unveiled a suite of home energy management products, including a smart thermostat and a sensor to measure household temperature and humidity, Businessgreen reported. On October 13, 2026, Schneider Electric sought approval from Bulgaria's anti-trust authority to acquire sole control of Shelly Group, a Bulgarian IoT products maker, proposing €70 per share, SeeNews reported.

What Comes Next for Schneider Electric

The PTC acquisition is expected to close by Q3 2027, and Schneider Electric's proposed acquisition of Shelly Group awaits approval from Bulgaria's anti-trust authority.