# Who are Legrand's customers? Who does Legrand earn revenue from?
Canonical: https://valuechain.wiki/legrand · Facet: customers · Updated: 2026-10-10T02:41:13.35+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Legrand's confirmed revenue counterparties include Microsoft, Equinix plus 2 undisclosed/aggregate relationships. Per the valuechain.wiki graph: 4 revenue edges, backed by 7 dated sources, 2 of them primary filings (as of 2026-10-10).

### 마이크로소프트 (high)  → /microsoft.md
- metric: Revenue €127M · 2023 · Legrand revenue used for customer-level CDP allocation
- note: Legrand supplies Microsoft through its Starline brand. Its 2024 CDP response discloses EUR 127,062,998 of customer revenue used for emissions allocation.
- [confirms] Legrand (EN, filing, published 2025-04-09) https://www.legrand.com/sites/default/files/Documents_PDF_Legrand/RSE/Legrand%20SA-09-04-2025_1744294240.pdf: "Revenue used for the calculation is for Microsoft through Starline (94%) and Legrand North America."

### Equinix (high)  → /equinix.md
- metric: Revenue €14M · 2023 · Legrand revenue used for customer-level CDP allocation
- note: Legrand supplies Equinix through Minkels and Legrand North America. Its 2024 CDP response gives EUR 13,626,000 of customer revenue as the allocation basis.
- [confirms] Legrand (EN, filing, published 2025-04-09) https://www.legrand.com/sites/default/files/Documents_PDF_Legrand/RSE/Legrand%20SA-09-04-2025_1744294240.pdf: "Revenue used for the calculation is for Equinix through Minkels (60%) and Legrand North America."

### 데이터센터 운영사 (하이퍼스케일·화이트스페이스) (high)
- metric: Market share 26% · 2025 매출 중 데이터센터 · ~EUR 2.4bn
- note: World leader in data center white-space power distribution (rack PDUs, busbar). Data centers were 26% of 2025 revenue (~EUR 2.4bn), with US up ~50%, the main growth engine.
- [confirms] Legrand (EN, ir, published 2026-09-28) https://www.legrand.com/en/news/2026-capital-markets-day: "Data centers are expected to reach 32% of sales and more than EUR 3 billion in 2026."
- [mentions] Legrand (sell-side analyst consensus) (EN, research, published 2026-09-04) https://www.legrand.com/en/investors-and-shareholders/analysts-consensus: "The post-results consensus aggregates estimates from contributing sell-side analysts."
- [confirms] Electrical Trends (EN, news, published 2026-02-16) https://electricaltrends.com/2026/02/16/legrands-record-growth-driven-by-data-centers-with-50-growth-in-us/: "Data centers 26% of 2025 revenue (~EUR 2.4bn), US +50%; largest global player in white space equipment."
- [confirms] Legrand (EN, filing, published 2026-02-11) https://www.legrand.com/en/news/2025-full-year-results: "Data centers accounted for 26% of Legrand's 2025 sales (official full-year results)."
- [confirms] KIPOST (KO, news, published 2023-05-01) https://www.kipost.net/news/articleView.html?idxno=309197: "Legrand unveiled next-generation intelligent rack PDUs (PRO4X, PX4) for data center rack power distribution demand."

### 건물 전기설비 (주거·상업 건설) (mid)
- note: Wiring devices, distribution and digital infrastructure for residential and commercial buildings are the traditional core. Group 2025 revenue grew +13.1% ex-FX (organic +7.7%, acquisitions +5.1%); most non-data-center sales are building electrical. Segment-level amounts not disclosed.
- [confirms] Investing.com (EN, news, published 2026-06-24) https://www.investing.com/news/stock-market-news/legrand-upgraded-by-barclays-on-ai-data-center-demand-800vdc-optimism-4778300: "Barclays upgraded Legrand to Overweight (PT EUR185) and Kepler to Buy (EUR170) on AI data center demand; data centers ~25% of group sales."
- [confirms] Legrand (EN, filing, published 2026-02-11) https://www.legrand.com/en/news/2025-full-year-results: "Record revenue growth of +13% (ex-FX), organic +7.7% and acquisitions +5.1%; adjusted operating margin 20.7%."

Reverse side: https://valuechain.wiki/legrand/suppliers.md · Ripple: https://valuechain.wiki/legrand/ripple.md

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Full node: https://valuechain.wiki/legrand.md · JSON: https://valuechain.wiki/legrand.json