Schneider Electric reports record Q3 revenues and raises target

Schneider Electric announced record Q3 2026 revenues, an upgrade to its 2026 financial target, and further details on its previously announced acquisitions of PTC and Shelly. - Q3 2026 revenues reached €11.46 billion, up 16.9% organic and 17.9% reported, with Data Center & Networks demand up triple-digit and strong growth in Energy Management and Industrial Automation.

• The company also said it had signed a definitive agreement to acquire PTC on October 5, 2026 for $205 per share in cash, valuing equity at $22.6 billion and enterprise value at $23.7 billion; closing is expected by Q3 2027. It separately reiterated the Shelly tender offer announced on September 24, 2026, valued at about €1.2 billion and expected to close by Q1 2027.
• Schneider Electric upgraded its 2026 target to +18% to +21% organic Adjusted EBITA growth, implying +12% to +14% organic revenue growth and an adjusted EBITA margin of around 19.7% to 19.9%.