Eaton Corporation plc Earnings Recaps
Q1 2026
May 7, 2026
Eaton’s stock edged down 0.2% following its Q1 report, reflecting a largely in-line quarter with robust demand but no clear upside surprise to move the market materially.
Key takeaways
- Reported record revenue of $7.5 billion and segment profit of $1.7 billion, with margins at 22.7%.
- Rolling 12-month orders rose sharply: Electrical Americas up 42%, Electrical Global and Aerospace both up 13%.
- Backlog hit record highs in Electrical and Aerospace, with combined book-to-bill at 1.2x on a rolling 12-month basis.
- Elevated CapEx of over $1 billion underway to accelerate production ramp, notably in Americas.
- Raised organic growth outlook by 200 basis points to a 10% midpoint and increased adjusted EPS midpoint to $13.28 for 2026, incorporating earnings dilution from Boyd Thermal acquisition.
Q3 2025
Nov 5, 2025
Eaton reported a strong third quarter of 2025, with robust demand across its Electrical Americas and Aerospace segments, leading to record backlog levels and an 8% year-over-year increase in adjusted earnings per share.
Key takeaways
- Electrical Americas orders grew 7% year-over-year, with backlog up 20%, reaching an all-time high.
- Aerospace segment saw 11% order growth with a backlog increase of 15%.
- Adjusted earnings per share rose 8%, and segment margins improved to a quarterly record of 25%.
- The company announced the acquisition of Boyd's thermal business, a key move to enhance its liquid cooling solutions for data centers.
- Reaffirmation of 2025 guidance underlines the firm’s commitment to sustained growth and value creation.