ABB sees data centre demand keep surging; Q3 results match expectations
ABB reported third-quarter EBITDA up 24% to $2.03 billion and revenue up 14% to $9.70 billion, while data centre spending keeps booming for AI workloads.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Swiss engineering group ABB said on Tuesday that spending on data centres built to run artificial intelligence is still growing strongly.
Its operational EBITDA climbed 24% to $2.03 billion for the quarter ending in September, a touch above the analyst average of $2.0 billion, according to Reuters.
why it matters
Revenue rose 14% to $9.70 billion, just under the $9.74 billion consensus compiled by the company itself. For investors, the figures point to steady demand for power and automation equipment tied to AI infrastructure, with no clear revenue surprise either way.
market impact
ABB and electrical equipment sector: data centre demand supports the business, revenue roughly in line with forecasts
tags
instruments
sources
- ABB says data centre business booming, Q3 figures in line with forecasts — Reuters, 20 October 2026 at 05:02 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗