Schneider Electric’s third quarter organic revenue jumped 17% to €11.5 billion euros ($12.9 billion US) — a record high for any quarter — the French multinational energy technology company said in an Oct. 16 earnings release.
The company’s business associated with data centers “continues to be exceptionally strong with another quarter of triple digit demand growth in Q3, further improving our visibility into 2027 and 2028,” said Schneider’s CFO, Nathan Fast, during an earnings call.
Schneider Electric has seen triple digit demand growth in orders associated with data centers for “three out of the last four quarters,” Fast said during the call.
Morgan Stanley analyst Max Yates asked how much exposure the company has to neocloud businesses like CoreWeave. Fast said, “We do not break down exactly the impact or the split of hyperscaler, colo, neocloud, et cetera.”
Schneider CEO Olivier Blum added, “We are extremely careful to select those companies that will be there in the long term.”
Schneider Electric’s Energy Management segment made its most revenue in North America in the third quarter, but saw a higher organic growth rate of 32.4% in China and East Asia, compared to 20.3% That continues a trend in 2026, where North America led overall revenue volume but Asia saw a higher organic revenue growth rate.
The sales growth in China was “led by everything to do with investment in AI infrastructure, driving growth in the data center and [semiconductor] segments, in particular,” said Fast during the call. “In our geographic trends, we add China alongside the U.S. and India in the countries we expect to drive growth. This is based on the strength of what we have seen over the recent quarters and which we believe is set to continue.”
North American demand continues to grow, driven by momentum in data centers, “where we saw sustained high demand for prefabricated solutions and cooling,” Fast said.
Blum said the company has also been bolstered in the European market by the “massive acceleration” of electric car adoption, as well as heat pumps.
“We see very fast growth,” Blum said. “This fast growth is not only the growth of the EV charger, but every time you install an EV charger, you have to extend your electrical panel, so that creates a great opportunity, great synergy in a place where, for instance, in Europe, we have a very strong market share.”
