SWX:ABBNElectrical
ABB (SWX:ABBN) Valuation Check After Q1 Beat And AI Data Center Order Surge
Q1 results and outlook shift
ABB (SWX:ABBN) drew fresh investor attention after reporting first quarter results and raising its full year revenue expectations, supported by strong electrification orders tied to AI related data center demand.
The company reported first quarter revenue of US$8,734 million and net income of US$1,324 million, with electrification orders up 44% and comparable orders up 24%, including very strong order growth from data center projects.
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