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ABB Tops Q3 Forecasts as Data-Center Electrification Accelerates

Executives signal sustained AI data center demand with no material tariff impact so far.

The logo of Swiss power technology and automation group ABB is seen at the Swiss Economic Forum (SEF) conference in Interlaken, Switzerland May 24, 2019. REUTERS/Arnd Wiegmann/File Photo

Overview

  • Operating EBITDA rose 12% to $1.74 billion, revenue grew 11% to $9.08 billion, and orders increased 12% in the third quarter.
  • Data-center electrification orders grew by a double-digit rate this year and now account for about 7% of revenue, up from 6% in 2024.
  • U.S. momentum remained strong with third-quarter orders up 27%, reflecting broad demand for power and automation solutions.
  • ABB announced a partnership with Nvidia to develop electrification products for next-generation chips, framing a long-term technology effort.
  • Management reported no material effect from U.S. tariffs to date and cautioned that construction-capacity constraints could slow data-center buildouts.