Data center orders reached a record EUR 1.8 billion , with “a bit more than half” of those orders larger in size. Smart Infrastructure’s backlog rose to an all-time high of EUR 20.2 billion , which Thomas said provides “excellent visibility” for fiscal 2026.CFO Ralf Thomas said Smart Infrastructure delivered an “outstanding performance,” with orders rising 22% to a record EUR 7.2 billion and book-to-bill reaching 1.30 . He attributed the increase to growth of 38% in the electrification business and 22% in e ...