Legrand lifts 2026 sales outlook to 20%-22% on data center demand
7 sourcesUpdated Nov 5, 20261 min read
On November 5, 2026, Legrand reported nine-month 2026 results and raised its full-year sales-growth outlook to 20%–22% excluding currency effects. Nine-month sales rose 19.5% to €8.33 billion, with organic growth of 12.7%. Organic growth guidance moved to 11%–13% from a prior 8%–10%; acquisitions are expected to contribute about 8%. The adjusted operating-margin target remained 20.5%–21.0% of sales. CEO Benoît Coquart said Legrand posted very strong revenue growth of 22% excluding currency effects, driven in particular by organic growth of nearly 40% in data center activities, as well as by the contribution from energy transition solutions and acquisitions. Adjusted operating income rose 20.0% to €1.73 billion, equal to a 20.8% margin of sales. Net profit attributable to the Group rose 19.6% to €1.07 billion. The company announced seven acquisitions across the United States, Europe, Brazil, Malaysia and China. North and Central America constant-scope sales rose 26.6%. Third-quarter sales were €2.93 billion ($3.29 billion), up from €2.2 billion a year earlier. Rated coverage in the record was 0 left, 0 center, and 1 right.
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The nine-month sales at 19.5 percent show steady momentum but I wonder how much longer the data center boom can last at this pace.
Data center demand is pushing Legrand hard with that 40 percent organic growth and the raised 2026 outlook looks realistic.