Schneider Electric (SU) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenues grew 11.2% organically to €10 billion, marking a record quarter with broad-based growth across all regions and segments, led by Energy Management (+12.8%) and Industrial Automation (+4.4%).

• Data Center & Networks segment led growth, supported by robust demand across buildings, industry, and infrastructure.

• Strategic focus remains on electrification, digitalization, AI-driven solutions, and sustainability leadership.

• All four end-markets contributed positively, with particularly strong performance in North America, China, and India.

Financial highlights

• Group revenues reached €10 billion in Q1 2026, up 11.2% organically year-over-year, with Energy Management contributing €8 billion (+12.8%) and Industrial Automation €2 billion (+4.4%).

• Products (48% of revenues) grew 9% organically, Systems (33%) up 16%, Software & Services (19%) up 9%.

• Software ARR up 12%, with strong SaaS performance.

• FX headwinds impacted results, with a negative effect of -6.7% on revenues; scope changes added 1.1%.

• North America grew +14.4% organic, Europe +8.3%, China & East Asia +14.2%, South Asia & International +6.5%.

Outlook and guidance

• 2026 financial targets reaffirmed: Adjusted EBITA growth of 10–15% organic, revenue growth of 7–10% organic, and margin expansion of 50–80bps, with margin targeted at 19.1%–19.4%.

• All four regions expected to contribute to growth, led by the U.S. and India; Data Center & Networks to remain the main growth driver.

• Net price expected to be positive, offsetting raw material and tariff impacts.

• Strong demand anticipated to continue across all end markets, especially data centers, industry, and infrastructure.