First Quarter 2026 Revenues
April 30, 2026
Strong start to FY26; Q1 revenues up +11% organic Full Year Target reaffirmed
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Q1 2026
Business Highlights
Olivier Blum, Chief Executive Officer
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Strong start to the year, Q1 revenues up +11% organic
Q1 2026
Group revenues
€ bn + %
10 11.2
Q1'26 revenues Q1 org. growth
Energy Management Industrial Automation
€8bn +12.8%
Q1'26 revenues Q1 org. growth
€2bn +4.4%
Q1'26 revenues Q1 org. growth
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Sustainability Impact 2030
Q1 2026 Results
IMPACT SCORE*
2025 Baseline: 3.00/10
Q1 Q2
3.40 -
Q3 Q4
- -
2026 Target
4.20/10
We electrify
the world
towards decarbonization
We reinvent
our industry
towards innovation
We unlock
human potential
towards equal opportunities
We empower
local communities
towards action and care
100%
>30%
Efficiency forward
Future-designed
Inclusion for all
Impact starts with us
80%
Schneider Impact Revenues¹
1500M
MWh energy saved or
75.4%
100%
of major offers in design demonstrate circular and environmental excellence*
14%
of senior talents engaged in their own development or the development of others
In progress
of employees volunteering to be change agents, in their communities and homes
3.3%
electrified with our solutions, 2026-2030*
of applicable SE software
47.5M
In
Industry catalyzer
40% of women in leadership ²
31.5%
100
sites designed to care for
people, nature and 0
communities
100%
deliver advanced energy and carbon insights for customers
progress
1500
suppliers on a Zero Carbon Pathway to decarbonize the
Power progress
Towards Net-Zero
-90%
reduction of Scopes 1&2 CO2 emissions, absolute vs 2017
-82.5%
supply chain*
100%
0
0%
3M
of strategic suppliers engaged to implement advanced Decent Work practices*
100M
people with access to sustainable electricity ³ *
64.6M
-25%
reduction of Scope 3 CO2 emissions, absolute vs 2021
-13.1%
50%
of materials selected to provide superior environmental and social value
19%
people upskilled through educational programs, including those from vulnerable communities³ *
1.2M
1500Mt
CO2 saved and avoided by customers with SE solutions, 2018-2030
880Mt
Longer, Better
TBC
School of Energy Tech
electrical experts trained to bridge the energy tech skill gap
x2
X1
In progress
growth of circular services for longer and better usage
2030 ambition
Q1 2026
* Programs included in the calculation of the Impact score are the programs that contribute to the collective share of Schneider Electric's Short-Term Incentive Plan (STIP)
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1 Per Schneider Electric definition and methodology
2 The gender balance metric is a global strategic ambition. It does not apply to territories that prohibit such ambition. The Schneider Electric policy is to always select the best candidate for any position based on skills, experience and potential (irrespective of their gender, age, origin, disability, appearance, etc...).
3 Cumulated
since 2009
3x acceleration
impacting our markets
New Energy Landscape
Digitalization & AI
Multi-Polar World
A new erawith more
Electrification Renewables Decentralized energy Hybrid AC/DC
AI
Power Cooling
Fragmentation Cloud sovereignty Localization
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We have positioned our company to Advance Energy Tech in this new era of Intelligence
The First Revolution
(19th Century)
The Third Revolution
(Late 20th Century)
The Fifth Revolution
(2025+)
The Second Revolution
(Turn of the 20th Century)
The Fourth Revolution
(up to 2024)
Machines Electricity Automation DigitalProperty of Schneider Electric | Page 7
Unique portfolio to go to the next level of
Energy & Industrial Intelligence leveraging Data & AI
One unified customer experience
Across the full lifecycle
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In all key targeted markets
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Energy Intelligence has the capability to pre-empt and optimize energy operations
Traditional Energy Intelligence Customer Outcomes
Siloed Systems Fragmented Unified
Single ontology, digital twin validated, AI + Human
Unlocked hidden capacity
Monitor & Prevent Manual Decisions Minutes to Respond
Design Operate (Cross Domain)
Continuous lifecycle, not handoff silos
Observe Act
Autonomous execution, not just dashboards
Reactive Pre-emptive
Act before failure, in milliseconds
Lowered energy costs Reduced unplanned downtime Extended asset lifespan
Faster incident response
Energy Intelligence means your facility doesn't just tell you something went wrong.
It prevents the problem before it happens, in real time.
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Best-in-class solutions for AI factory across the lifecycle
DESIGN BUILD
OPERATE
MAINTAIN
Digital Twin
integration of ETAP and NVIDIA Omniverse technologies enables the creation of a comprehensive AI Factory digital twin
Liquid cooling CDU/TCS robustness
Uniflair CDU
MV to LV for architecture flexibility
SF6 free MV switchgear
Maximum rack power delivery
rPDU
Predict & Act
EcoCare for Data Center EcoCare
Modernize and digitize infrastructure, enabling AI-driven, condition-based maintenance with remote monitoring for real-time visibility across critical assets
Ultra efficient air-cooling system Uniflair Fan Wall
Unified Operation
Center
Consulting services for design & build optimization
Design system architecture and optimal asset strategy
Digitized asset tracking & monitoring
Dynamic load
tolerant
GVXL
Visualize and manage
EcoStruxure Foresight
Collect asset data to perform health monitoring via connected sensors
Maintenance &
1 2
Proactive Asset Manageme nt at system level
Automatic Transfer
Building Management
support execution 4 3
Optimize asset
maintenance strategy with analytic-based predictions
Unified Engineering
Liquid cooling
Switches
Flexible and efficient chiller system
Turbocor (BCEC/F)
Systems EcoStruxure Building Operations
End to end power monitoring
Power Monitoring Expert
Sustainability & modernization services
Optimize asset life and minimize impact with circularity & modernization services
General
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Intelligence enabling industrial electrification at scale
Industry end-marketNetherlands
Unified Energy & Process Intelligence:
A single intelligence layer integrating power and process control, enabling industrial electrification under tight grid constraints.
Intelligence in Action:
Real-time orchestration across 1,000+ data points
From 542 smart Medium Voltage relays into a single operational view
Dynamic load management within grid limits
Single operational view supporting continuous, data-driven decision-making
Open & Interoperable Architecture Built on EcoStruxure:
EcoStruxure Foxboro DCS, EcoStruxure Electrodynamic Controller,
EcoStruxure Control HMI, EcoStruxure Power & Process
Integrated with AVEVA PI System
Measurable Intelligence-driven outcomes :
Supports ~30% CO₂ reduction by 2030
Enables ~1.5% annual energy-efficiency improvement
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CEO priorities for 2026 unchanged - focused execution of our medium-term strategic roadmap to drive shareholder value
TECHNOLOGY
Leadership
CUSTOMER
Differentiation
OPERATIONAL
Excellence
Leadership in the New Energy Landscape
AI to power Energy & Industrial intelligence and Software-defined architectures
Leadership to design the Data Centers of the Future
Strategic Partnerships for Innovation & Supply Chain
Next level of regionalization
Capture strong market demand across end-markets
Accelerating the contribution of our Enterprise business
Seamless execution of the record-high backlog
Pricing excellence
Margin obsession
Delivering on our Productivity
and Efficiency ambitions
AI@scale for Efficiency & Scalability
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Q1 2026
Financial Performance Highlights
Nathan Fast, Chief Financial Officer
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Strong growth in Q1 2026 up +11% organic
Analysis of Change in Group Revenues (in €m)
+12.8%
+4.4%
+1.1%
-6.7%
9,767
9,325
Group +11.2% organic
Mainly representing the acquisition of Motivair partly offset by some small disposals
Mainly due to the weakening of the
US Dollar, Indian Rupee and Chinese Yuan vs. the Euro
Q1 2025
Energy Management
Industrial Automation
Scope
Forex Q1 2026
Based on current rates, the FX impact on FY 2026 revenues is estimated to be between -€750 million to -€850 million The FX impact at current rates on adjusted EBITA margin for FY 2026 could be around -10bps.
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Strong growth in Q1 led by Systems, with recovery in Products
PRODUCTS
SYSTEMS
SOFTWARE & SERVICES
48% of Q1 revenues 33% of Q1 revenues 19% of Q1 revenues
+9%
Q1 organic growth
Majority of growth volume related
Price also contributed in Q1; expected to ramp through the year
Energy Management up double-digit, with strong growth in electrical distribution across end-markets
Industrial Automation up mid-single digit with growth in many product categories as steady recovery continues in Discrete
+16%
Q1 organic growth
Energy Management up double-digit with contributions across end-markets, led by Data Center
Industrial Automation grew low-single digit with good growth in Discrete markets, while Process & Hybrid was down
+9%
Q1 organic growth
Agnostic software
AVEVA: ARR up +12% with strong upsell to existing customers. High-single digit organic growth led by strong performance in SaaS
EM Software: up low-single digit, led by performance at ETAP
Field Services: Up double-digit in Energy Management linked to Data Center, while Industrial Automation grew low-single digit
Digital Services: Up high-single digit with strong performance in Grid offers and EcoStruxure advisors
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End markets: Q1 performance highlights
Data Center & Networks
Double-digit demand growth despite high base of comparison, while sales grew strong double-digit
Pure Data Center demand grew double-digit, reflective of both sustained strong momentum and a very large order in the baseline
Distributed IT saw low-single digit growth in both demand and sales
Buildings
Strong demand overall, while sales grew modestly
Strong demand in Non-residential which saw momentum in many technical building categories
Positive demand overall in Residential, primarily in Europe and India, while the U.S. and China remained weak
Industry
Strong demand overall with positive momentum in both Discrete and Process & Hybrid
Strong demand in Discrete reflecting continued recovery on a broad geographic base, driving good sales growth
Process & Hybrid markets saw strong demand in Semicon, E&C and MMM, though sales were down slightly
Infrastructure
Strong demand across the end-market and strong sales growth led by Power & Grid
Power & Grid saw strong demand from digitalization and flexibility projects across geographies, with good traction for SF6-free offers
Water & Wastewater saw good
demand
Demand in Transportation was down slightly
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Q1 2026 up +11% organic
Analysis of Change in Group Revenues (in €m)
9,325
+14.4%
+8.3%
+14.2%
+6.5%
+1.1%
-6.7%
9,767
Group +11.2% org.
Q1 2025
North America
Europe
China &
East Asia
South Asia &
International1
Scope
Forex
Q1 2026
1 The Middle East (which represented less than 5% of 2025 Group revenues) was down low-single digit in the quarter.
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Energy Management +13% Q1 org. growth
China &
South Asia
Split of Q1 2026
North America
Europe
East Asia
& International
revenue by geography:
42% 25% 16% 17%
North America
+16%
Europe +9%
Double-digit growth against a multi-year double-digit base of comparison
U.S. up double-digit, primarily volume-led, while price contributed in the quarter
U.S. growth led by Data Center, while Buildings was down
Canada up double-digit led by Data Center and
Infrastructure Mexico down sharply
South Asia & International +7%
India up double-digit with strong contribution across end-markets, leveraging multi-brand strategy
Australia up double-digit led by Data Center project execution
Middle East & Africa down low-single digit in an environment of increased uncertainty; Saudi Arabia down, growth in U.A.E and Türkiye
South America up mid-single digit driven by project execution in
the E&C segment, while product sales declined in a muted market
Growth led by Data Center, with Industry and Infra making strong contribution; Buildings solid, with Resi stable
Spain up strong double-digit, led by Data Center and Power & Grid
U.K. and Italy up double-digit, led by Industry and Infrastructure
France and Germany up mid-single digit, with good execution on
Data Center projects
High-single digit growth in rest of the region led by Nordics and Portugal
China & East Asia +18%
China up strong double-digit, led by Data Center and Infra; strong growth in Industry led by Semicon, while Resi Buildings remained weaker
East Asia up double-digit, led by Data Center
Within East Asia, growth was strongest in Thailand and Indonesia, while Japan and Taiwan grew strongly, linked to Semicon
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Industrial Automation +4% Q1 org. growth
Split of Q1 2026
North America
Europe
China & East Asia
South Asia & International
revenue by geography:
21% 32% 25% 22%
North America
+3%
Europe +5%
U.S. up low-single digit, led by high-single digit growth at AVEVA. Discrete up mid-single digit with strong growth in Industrial manufacturing, while Process & Hybrid was down
Canada grew high-single digit, with strong growth at AVEVA and in Discrete automation
Mexico was down on continued macroeconomic uncertainty
South Asia & International +4%
India up double-digit, driven by performance in Discrete and AVEVA Australia was around flat, with Discrete automation slightly positive
Middle East & Africa was up low-single digit, in an environment of increased uncertainty, sales into Process & Hybrid markets were up while Discrete was down
South America up low-single digit led by AVEVA
Growth in the region led by AVEVA, up double-digit, while there was low-single digit growth in both Discrete and Process & Hybrid.
U.K. grew double-digit with strong performance at AVEVA
Spain was up double-digit with strong growth in Discrete while Process & Hybrid also contributed
France and Germany up high-single digit, with France benefitting from a large renewal at AVEVA
Italy grew low-single digit, with good growth in Discrete, while Process & Hybrid was impacted by timing of project execution
China & East Asia +5%
Growth led by Discrete automation, up high-single digit, supported by positive contribution from AVEVA, while Process & Hybrid was down
China grew low-single digit overall, with strong growth in Discrete automation partly offset by weakness in Process automation
East Asia grew double-digit, with strength in Discrete notably in Korea; supported by growth at AVEVA in Korea and Japan
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Expected Trends & Financial Target
Olivier Blum, Chief Executive Officer
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Expected trends in 2026
Amid an environment of increased uncertainty, the Group currently expects:
End-market
Strong market demand to drive growth, with positive contribution from all four end-markets
Data Center & Networks to lead growth based on strong demand in 2025; Industry and Infrastructure to accelerate; Buildings to improve contribution, aligned with macroeconomic trends
Business model
Systems to lead growth; Products to show improved contribution with continued recovery in Discrete
Strong growth in Software and Services, with key focus on driving more recurring revenues
Geography
All four regions to contribute to growth (North America, Europe, China & East Asia, South Asia & International), led by U.S. and India
South Asia and International region potentially impacted in Q2, specific to the disruption and uncertainty created by the ongoing situation in the Middle East
Operational Excellence
The Group expects to be Net Price positive in value (price to offset raw material impact and tariffs), ramping up throughout the year
The Group expects the other drivers of adj. EBITA margin expansion to be aligned with those set out in its recent Capital Markets Day
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2026 Target reaffirmed
The Group reaffirms its 2026 financial target as follows:
2026 Adjusted EBITA growth of between +10% and +15% organicThe target would be achieved through a combination of organic revenue growth and margin improvement, currently
expected to be:
Revenue growth of +7% to +10% organic
Adjusted EBITA margin up +50bps to +80bps organic
This implies Adjusted EBITA margin of around 19.1% to 19.4% (including scope based on transactions completed to-date and FX based on current estimation).
Further notes on 2026 FX & Scope available in slide 26
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Q&A
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Investor Relations ready to engage
30 April Q1 2026 Revenues
7 May Shareholders' Meeting (Paris)
3&4 June BNP Paribas CEO conference (Paris)
16 June JP Morgan European Industrials conference (London) 30 July 2026 Half Year Results
Investor Relations contacts
Antoine Sage - effective June 1, 2026 Graham Phillips - graham.phillips@se.com Andrew Gamwell - andrew.gamwell@se.com
David Le Goascoz - david.le-goascoz-janvier@se.com
Frederic Jouen - frederic.jouen@se.com
To schedule an interaction with Schneider Electric please
contact Claudia Hess at SEInvestorRelations@se.com
Publi
c
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Appendix
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2026 additional notes
Foreign Exchange impact: Based on current rates1, the FX impact on FY 2026 revenues is estimated to be between -€750 million to -€850 million. The FX impact at current rates on adjusted EBITA margin for FY 2026 could be around -10bps
Scope impact: Around flat on 2026 revenues and around flat on 2026 adjusted EBITA margin, based on transactions completed to-date
Tax rate: The ETR is expected to be in a 23-25% range in 2026
Restructuring: The Group expects cumulative incremental restructuring costs
of €500 million in the years 2025-2027, above a normalized rate of c. €100 -
€150 million per year
Finance costs: The Group expects incremental costs of c. -€150 million in 2026
associated with the financing of the transaction to acquire the remaining 35% of SEIPL.
1. Forward exchange rates are volatile and difficult to predict. Consequently, the impact of such movement and possible impacts from hyperinflation technical accounting (IAS29) are not factored at this stage.
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