Kingspan Reports Record Revenue Driven by Data Center Growth Amid Weak Residential Market
DATA AND AI INFRASTRUCTURE
Kingspan Group Plc reported record revenue, driven by a 12% growth in its Advnsys data center division, offsetting weaker residential activity. The company's global backlog increased by 24% year-end, with order intake in 2026 already doubling from the same period last year.
Strong demand in North America and Europe, spurred by AI usage, is contributing to growth. Despite plans for an Advnsys IPO being dropped, Kingspan's performance reflects resilience in the face of softer industrial and residential markets.
Feb 21, 2026, 3:27 PM
