Hot AI will make an Irish building company €2 billion in revenue this year

Kingspan's Advnsys unit reported €1.02 billion in revenue for the first half of 2026, driven by AI-related data centre demand, and the company projects €2 billion in annual revenue for the unit. Order intake and backlog more than doubled year-on-year, reflecting the AI boom's impact on data centre infrastructure suppliers.

AI /tag/ai/ In 2021, the data centre unit of Irish building-materials giant Kingspan reported annual revenues of €271 million, a number the company – which made vastly more from its staid old insulated panels business – was not unhappy with. Then came AI, with its demands for far more dense data centres, and the advanced heat transfer engineering that implies. On Friday, Kingspan reported https://www.kingspangroup.com/content/dam/kingspan-group-website/documents/2026-reports---presentations/kgr-interim-statement-hy-2026.pdf?ref=thestack.technology that its Advnsys unit, a "critical infrastructure" business increasingly focused on data centre work, made €1.02 billion in revenue in the first six months of 2026. Advnsys supplies physical systems surrounding the servers, the ceilings and floors that support pipes and cables, as well as hot-aisle containment and cooling manifold gear. Its deal pipeline too shows just how big the AI boom has been for picks-and-shovels suppliers in the data centre space, with order intake and order backlog both more than doubling year-on-year. Get the full story: Subscribe for free Join peers managing over $100 billion in annual IT spend and subscribe to unlock full access to The Stack’s analysis and events. Subscribe now https://www.thestack.technology/membership/ Already a member? Sign in https://www.thestack.technology/signin/