ETN $430.02 -0.75%

ETN · Eaton Corp plc

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$430.02 -3.25 (-0.75%) At close · Sep 30

S&P 500 member Russell 1000 member Rebalance outlook locked

Market Cap

$170.89B

388.40M

Volume · Sep 30 1.86M Avg daily vol (3M) 2.13M

All earnings calls

Earnings call · FY2026 Q2

Eaton Corp plc (ETN) Q2 2026 Earnings Call

Concluded Jul 31, 2026

Jul 31, 2026 0 turns

Period: FY2026 Q2
Runtime: —
Sources: 3 artifacts

Slides 18 8-K 10-Q

Executive readout · one minute

What matters this quarter

Eaton posted record Q2 results with 21% total and 14% organic revenue growth, beating guidance, and raised full-year 2026 organic growth guidance by 200bps to 11-13% and adjusted EPS to $13.40-$13.60, driven by accelerating Electrical Americas and Electrical Global momentum and strong backlog.

Data Center Demand 40 Raised Full-Year Guidance 23 Backlog and Orders / Book-to-Bill 21 800-Volt DC Architecture and Prefab/Modular 8 Pricing and Margin Recovery 5 Cash Flow and Financial Performance 3

Management tone

Confident

Net tone +85 · low hedging

Grounding quotes

“Adjusted EPS of $3.15 exceeded guidance by $0.10 at the midpoint, reflecting strong operating performance by our teams.”
“We posted record revenue of $8.5 billion with 21% total revenue growth, 14% organic growth, and 23.1% margins, all better than the high end of our guidance.”
“This strong first half of the year gives us confidence to raise our guidance again. Organic growth by 200 base points to a midpoint of 12%, and our adjusted EPS midpoint by $0.22 to $13.50 for the year.”
“I truly believe that new ETHN is taking shape as we speak towards higher growth and higher margins.”

Forward guidance

7 guided metrics

Management's latest ranges and targets are included below.

Research coverage

3 live sources

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Revenue $8.53B +21.4% YoY

Diluted EPS $2.11 -15.9% YoY

Net income $821.00M -16.4% YoY

Research materials

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Presentation 18 pages 8-K earnings release Filed Jul 31, 2026 10-Q report Filed Jul 31, 2026 Company webcastOpen the original investor-relations page

Key takeaways

What improved, and what deserves a closer read.

↑ Constructive signals

Raised full-year 2026 organic growth guidance by 200bps to 11-13% midpoint of 12%
Raised full-year 2026 adjusted EPS guide by $0.22 to $13.40-$13.60
Electrical Americas margins expanded 190bps sequentially to 27.5% with record profits
Record backlog with Electrical backlog up 43% YoY and Aerospace up 28%

↓ Risks & pressure points

Mobility segment organic sales declined 2% in the quarter

Key moments

Read the management remarks selected from the transcript.

“Now we expect full-year EPS to be between $13.40 and $13.60, $13.50 at the midpoint. We are reaffirming our cash flow expectations for the year.” Paulo Ruiz, CEO

“The 3.4 million is the right number to think about it. So for your modeling is the right one.” Paulo Ruiz, CEO

Forward guidance

From the 8-K filed Jul 31, 2026.

Metric	Period	Guided	Basis
Segment margins Initiated full year 2026	full year 2026	24.1% – 24.5%	—
Earnings per share Initiated full year 2026	full year 2026	$10.36 – $10.56	GAAP
Adjusted earnings per share Initiated full year 2026	full year 2026	$13.40 – $13.60	Non-GAAP
Organic growth Initiated third quarter of 2026	third quarter of 2026	13.5% – 15.5%	Non-GAAP
Segment margins Initiated third quarter of 2026	third quarter of 2026	24.6% – 25%	—
Earnings per share Initiated third quarter of 2026	third quarter of 2026	$2.77 – $2.87	GAAP
Adjusted earnings per share Initiated third quarter of 2026	third quarter of 2026	$3.46 – $3.56	Non-GAAP

Quarter detail

How the reported period landed and where the business moved.

Revenue · segments

Electrical Americas Segment$3.95B +17.9% YoY

Electrical Global Segment$2.52B +43.6% YoY

Aerospace Segment$1.22B +13.1% YoY

Mobility Segment$841.00M -0.5% YoY

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