Eaton reported third-quarter 2026 net sales of $8,947 million, up 28%, and adjusted earnings of $1,433 million, up 20%; gross profit margin declined to 34.7% from 38.3%.
ETN · Eaton Corp plc
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Eaton Corporation plc reported third quarter 2026 sales of $8.9 billion, up 28%, with 19% organic growth and record adjusted earnings per share of $3.68. Segment margins reached 25.3%, while full year 2026 adjusted earnings per share guidance is $13.70 to $13.80.
Eaton Corporation plc recast 2025 segment information after creating the Mobility segment from the legacy Vehicle and eMobility segments in the first quarter of 2026. The recast does not amend or restate previously issued financial statements.
Eaton Corporation plc announced that Adam Wadecki will become Senior Vice President, Finance, Electrical, while Andrea Trabacchin will serve as principal accounting officer, effective October 5, 2026; Trabacchin’s annual base salary is $485,000 with a target incentive of 60%.
Metrics snapshot
Useful current figures from the complete screener profile.
Quarterly results
* Q4 derived as the full year minus Q1 to Q3.
AI Brief
Q2 FY26 earnings call · Jul 31, 2026TL;DR. 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.
- + 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%
- − Mobility segment organic sales declined 2% in the quarter
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
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Guidance & track record
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Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
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Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted earnings non-GAAP | $2.32B | Six months ended June 30, 2026 | — |
| Adjusted earnings per ordinary share non-GAAP | $5.96 | Six months ended June 30, 2026 | — |
| Book-to-bill ratio (Electrical) | 1.2 | rolling twelve-month, second quarter 2026 | — |
| Free cash flow | $874M | second quarter 2026 | — |
GAAP → non-GAAP reconciliationGAAP Operating cash flow 1.13B
-253M Capital expenditures for property, plant and equipment
= Free cash flow 874M
|
|||
| Operating cash flow | $1.1B | second quarter 2026 | — |
| Organic sales growth | 14% | second quarter 2026 | — |
| Segment margins | 23.1% | second quarter 2026 | — |
| Total backlog growth (Aerospace) | 28% | second quarter 2026 | — |
| Total backlog growth (Electrical Americas) | 33% | second quarter 2026 | — |
| Total backlog growth (Electrical Global) | 103% | second quarter 2026 | — |
| Twelve-month rolling average of orders growth (Aerospace) | 17% | second quarter 2026 | — |
| Twelve-month rolling average of orders growth (Electrical Americas) | 41% | second quarter 2026 | — |
| Twelve-month rolling average of orders growth (Electrical Global) | 33% | second quarter 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Specialty Industrial Machinery — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
ETN
this stock
Eaton Corp plc
|
$137.13B | +10.8% | +10.3% | 35.3 | 1.8% |
|
GEV
GE Vernova Inc.
|
$212.57B | +22.9% | +9.0% | 21.1 | 2.8% |
|
SMERY
Siemens Energy AG
|
$123.80B | — | — | — | 0.0% |
|
PH
Parker-Hannifin Corp
|
$120.51B | +8.7% | +18.9% | 32.8 | 1.2% |
|
EMR
Emerson Electric Co
|
$91.28B | +25.4% | +5.4% | 34.7 | 1.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every section- Filed
- Nov 3, 2026
- This year
- 20
Eaton Corporation plc reported third quarter 2026 sales of $8.9 billion, up 28%, with 19% organic growth and record adjusted earnings per share of $3.68. Segment margins reached 25.3%, while full year 2026 adjusted earnings per share guidance is $13.70 to $13.80.
ViewPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| ETN | +3.3% | -9.8% | -12.4% | -4.6% | +10.8% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | +0.7% | -8.6% | -12.9% | -4.4% | +0.2% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.