Legrand Raises Guidance as Data Center Demand Accelerates

Legrand lifted its full-year guidance, pointing to growing demand for its data center offerings as a key driver. The French electrical and digital infrastructure company said the segment is gaining traction faster than previously expected, a signal that the broader data center buildout is feeding into demand for the physical equipment that supports it, not just chips and servers. Evercore ISI moved its rating on Legrand higher the same day, citing the same datacenter growth story. The upgrade adds to a run of analyst moves tied to data center infrastructure spending across sectors this week, from semiconductor equipment makers to electrical component suppliers. What is unresolved is how durable this demand proves to be if hyperscaler capital spending plans shift. Legrand's guidance upgrade assumes continued buildout; any pullback in data center construction announcements from major cloud operators would be the clearest test of that assumption.