{
  "id": 14882143,
  "title": "Schneider Electric raises 2026 targets again on booming data centre demand",
  "url": "https://urgent.news/2026/10/16/schneider-electric-raises-2026-targets-again-on-booming-data-centre",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-10-16T05:42:36.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/schneider-electric-raises-2026-targets-again-on-booming-data-centre-demand-4953128"
  },
  "original_language": "en",
  "account": "Schneider Electric has increased its 2026 profit and revenue projections for the second consecutive time this year, as the French industrial giant solidifies its position as a key supplier to major cloud firms developing AI data centers. The company anticipates organic earnings before interest, taxes, depreciation and amortization to expand between 18% and 21% in 2026, up from the previously estimated 14% to 19%. Organic revenue growth is now projected between 12% and 14%, compared to the earlier range of 10% to 13%. Data centers have emerged as a crucial growth catalyst as the company continues to capitalize on its existing pipeline while witnessing triple-digit demand growth in the latest quarter. CEO Olivier Blum stated that data centers remain the primary growth driver, supported by sustained strong demand from US hyperscalers, with notable expansion in China and East Asia. The data center segment was the primary growth driver in the region, fueled by direct sales to large-scale entities in social media, technology, and digital infrastructure, as well as domestic and regional co-location customers.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}