Eaton (ETN)
NYSE:ETN
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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.08Last Year’s EPS
2.95Same Quarter Last Year
Strong Buy
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple strong operational and financial positives — record revenue and segment profit, robust organic growth, exceptional data center order momentum, large backlog growth, significant free cash flow improvement, and accretive strategic acquisitions and partnerships. The primary negatives were transitory: Electrical Americas margin pressure from ramp and input-cost timing, a deliberate mobility carve-out causing a near-term sales decline, and near-term acquisition integration and technology commercialization timing. Management provided clear actions (price increases, factory ramping, ongoing CapEx) and quantified an expected sequential margin recovery (Electrical Americas +150 bps Q1→Q2) and reiterated longer-term margin targets, leading to confidence that the negatives are temporary while the growth runway is durable.Company Guidance
Record Revenue and Profitability
Recorded Q1 revenue of $7.5 billion (Q1 record) and Q1 segment operating profit of $1.7 billion (Q1 record); reported adjusted EPS of $2.81 (Q1 record), $0.06 above the midpoint of guidance.
Strong Top-Line Growth and Raised Organic Guidance
Total revenue growth of 17% year-over-year in Q1; company raised 2026 total-company organic growth guidance by 200 basis points to a midpoint of ~10% (guidance range 9%–11%).
Breakout Order and Backlog Momentum
Rolling 12-month orders up meaningfully across businesses (Electrical Americas +42%, Electrical Global +13%, Aerospace +13%); book-to-bill rose to 1.2 combined (rolling 12-month); total electrical backlog increased ~48% year-over-year and electrical orders accelerated (electrical sector orders up 47% in quarter).
Exceptional Data Center Demand
Data center orders up ~240% year-over-year; company estimates 32 GW of U.S. data center capacity under construction (70% AI) and total data center backlog of 228 GW (≈12 years of backlog at 2025 build rates).
Record Free Cash Flow and Financial Strength
Free cash flow in Q1 increased ~245% year-over-year; 2026 adjusted EPS guidance updated to $13.05–$13.50 (midpoint $13.28) and company reaffirmed cash flow expectations for the year.
Successful Acquisitions and Portfolio Enhancements
Closed Ultra PCS (Jan) and Boyd Thermal (Mar) ahead of schedule; Boyd expected to drive cooling business to ~$1.7 billion or better in 2026 (approximately $1.4 billion included in Eaton financials) and Boyd Q1 revenue >100% YoY with backlog doubled over the prior 6 months.
Electrical Segment Strength
Combined Electrical segment posted organic growth of 13% and total growth of 20% in Q1 with segment margins at ~23.4%; Electrical Americas organic sales +14% (data centers up ~50% within the segment) and Electrical Global total growth +21% (organic +9% plus ~6 pts from Boyd).
Strategic Partnerships and Product Leadership
Expanded customer collaborations (notably NVIDIA partnership and DSX platform) and technology positioning in grid-to-chip, liquid cooling, and solid-state transformer development; pilots and quotes underway with anticipated orders in H2 and shipments beginning late 2027/early 2028 for solid-state transformer initiatives.
Capital Investment to Support Growth
Accelerating capacity: over $1 billion planned CapEx in the Americas; ramping 12 factories (24 facility expansion program announced, 12 completed) to meet demand and target long-term Electrical Americas margin goals.
ETN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ETN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $422.44 | $410.86 | -2.74% |
Feb 03, 2026 | $358.32 | $361.40 | +0.86% |
Nov 04, 2025 | $384.33 | $375.53 | -2.29% |
Aug 05, 2025 | $381.42 | $353.35 | -7.36% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Eaton (ETN) report earnings?
Eaton (ETN) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Eaton (ETN) earnings time?
Eaton (ETN) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ETN EPS forecast?
ETN EPS forecast for the fiscal quarter 2026 (Q2) is 3.08.