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AI data center demand helps Schneider Electric post a record €11.46 billion quarter and raise its 2026 targets again (Image: Shutterstock)

AI Data Centers Push Schneider Electric To A Record $12.9B Quarter

Schneider Electric raised its 2026 profit and revenue targets for the second time this year after AI data center demand drove record quarterly revenue of €11.46 billion ($12.9 billion). Key Points: Third-quarter sales grew 16.9% organically, well ahead of analyst forecasts. Demand for data center eq

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