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Schneider Electric Q1 Revenue Hits 9.8B Euros, Lifted 11.2% by AI Data Center Demand

GateNews

Stocks AI Industry News

2026-04-30 07:41:38

According to Reuters, Schneider Electric reported first-quarter revenue of 9.8 billion euros (US$11.4 billion) on April 30, with organic growth lifted to 11.2% by AI data center demand. The French power and cooling equipment supplier said the result was slightly above consensus estimates and followed stronger demand for server racks and cooling systems used by large cloud providers.

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