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Can AI Data Center Demand Accelerate nVent Electric's Revenue Growth?
ZACKS· 2026-06-03 23:55
nVent Electric (NVT) is benefiting from strong demand for data center infrastructure, which is becoming a major driver of its revenue growth. In the first quarter of 2026, the company reported organic sales growth of 34%, with infrastructure sales rising nearly 80% year over year. Management said data centers were the biggest contributor to growth, helping the company deliver record sales, orders and backlog. Key Takeaways nVent Electric YTD Price Return Performance The company is seeing demand across both ...