Business · Companies · 17 hrs ago
ABB reports record orders as data-centre demand surges
Swiss automation company ABB reported record orders in the third quarter of 2026, with comparable orders up 40% to $12.06 billion.
Data-centre orders rose by more than 100%, helping drive the increase as demand linked to artificial intelligence grew.
ABB's revenue increased 14% to $9.70 billion, and its operating margin rose to 20.8%.
Net profit fell 2% to $1.18 billion, and another account said it missed market expectations partly because of a non-cash charge linked to ABB's Rotork acquisition.
ABB shares fell by as much as 6% after the results.
The company raised its full-year revenue growth outlook to the lower end of the teens and said its operating margin should improve by at least 270 basis points from 2025.
ABB reported record orders of $12.06 billion in the third quarter of 2026, up 40% on a comparable basis.
The Swiss automation and electrification company said demand from data centres surged, with orders in the segment rising by a triple-digit percentage.
Revenue increased 14% to $9.70 billion.
ABB’s operating EBITA margin rose 1.6 percentage points from a year earlier to 20.8%.
Net profit was $1.18 billion, down 2% year on year, and one report said it missed market expectations.
- Who
- ABB, the Swiss company specialising in electrification, automation and drive technology.
- What
- It reported record third-quarter orders of $12.06 billion, up 40% on a comparable basis.
- When
- The third quarter of 2026; the results were reported on October 20, 2026.
- Where
- Not stated.
- Why
- Strong order growth in two of ABB’s three business areas and positive demand in most customer segments drove the increase; data-centre orders rose by a triple-digit percentage.
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- Orders
- $12.06 billion in the third quarter of 2026, up 40% on a comparable basis
- Revenue
- $9.70 billion, up 14%
- Operating EBITA margin
- 20.8%, up 1.6 percentage points year on year
- Net profit
- $1.18 billion, down 2% year on year
- Data-centre orders
- Rose by a triple-digit percentage