Education
About Us
Working with TipRanks
Follow Us
Eaton (DE:3EC)
FRANKFURT:3EC
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.32Last Year’s EPS
2.31Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong, broad-based demand driven especially by a data center surge (orders +200% and sales >40% YoY), record backlogs and solid Q4 financial performance (adjusted EPS +18%, record margins and revenue). Management has laid out aggressive capacity expansion and an M&A/portfolio strategy (spin-off of Mobility, ~ $13B of investments) to capture generational growth. The primary negatives are near-term margin and EPS cadence pressure from front‑loaded capacity ramp costs, weakness in Vehicle and E‑Mobility (double‑digit declines), higher interest expense from acquisitions, and execution/transition risks. Overall, the sizable demand and backlog, clear strategic actions and delivered 2025 results outweigh the short‑term operational and financial headwinds.Company Guidance
Record Demand and Backlog Growth
Electrical orders accelerated (rolling 12-month) to +16% (from +7% in Q3) and backlog grew roughly 29–31% year-over-year to record levels (Electrical Americas backlog cited between ~$13B and ~$15B across slides); total backlog across segments reported at ~$19.6B. Book-to-bill for combined segments was >1.2 quarterly (≈1.1 rolling 12-month).
Data Center Market Surge
Data center orders accelerated approximately 200% and data center sales were up >40% vs Q4 2024. Mega-project backlog rose ~30% YoY to $3 trillion, tracking 866 projects; U.S. large data center construction backlog equivalent to ~11 years at 2025 build rates (206 GW start rate ~16%). Mega-project revenue grew >30% in 2025 vs 2024.
Strong Q4 Financial Results and EPS Outperformance
Q4 revenue of $7.1B, adjusted EPS $3.33 (up 18% YoY), company-wide segment margin 24.9% (Q4 record, +20 bps YoY). Organic growth for the quarter was +9% (would have been ~12% excluding vehicle/e-mobility). Combined electrical segment: organic growth +12% and segment margin 26.5% in Q4.
Aerospace Momentum and Margin Expansion
Aerospace posted organic sales growth of +20% in Q4 (quarterly record sales) with operating margin expansion of +120 bps to 24.1%; rolling 12-month orders +11% and backlog +16% YoY, demonstrating broad-based strength (commercial OEM and defense aftermarket).
Strategic M&A, Capacity Investment and Portfolio Actions
Announced ~$13B of investments/M&A in 2025 (FiberBond, Resilient Power Systems, UltraPCS closed; Boyd Thermal announced). Announced intent to spin off Mobility (standalone ~ $3B revenue) expected to be accretive to organic growth and operating margin. Investments to expand capacity (~$1.5B across ~24 projects) underway to capture demand.
2026 Guidance and Cash Flow Outlook
2026 guidance: company organic growth 7–9% (Electrical Americas ~10% at midpoint), adjusted EPS $13.00–$13.50 (midpoint $13.25, +10% YoY), and free cash flow $3.9B–$4.3B (≈+14% at midpoint). Q1 guidance: organic growth 5–7% with margin headwinds early in year (front-loaded ramp costs).
DE:3EC 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
DE:3EC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 03, 2026 | €290.45 | €308.75 | +6.30% |
Nov 04, 2025 | €329.85 | €332.50 | +0.80% |
Aug 05, 2025 | €327.06 | €307.67 | -5.93% |
May 02, 2025 | €251.46 | €263.15 | +4.65% |
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 (DE:3EC) report earnings?
Eaton (DE:3EC) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Eaton (DE:3EC) earnings time?
Eaton (DE:3EC) earnings time is at May 05, 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 the P/E ratio of Eaton stock?
The P/E ratio of Eaton is N/A.
What is DE:3EC EPS forecast?
DE:3EC EPS forecast for the fiscal quarter 2026 (Q1) is 2.32.