Eaton Corporation plc (ETN) Earnings
Eaton Corporation plc is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $3.07. ETN has beaten EPS estimates in 8 of its last 12 reported quarters (average surprise +1.1% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $2.73 | $2.81 | +2.9% | $7.5B | +4.3% |
| Feb 3, 2026 | $3.31 | $3.33 | +0.6% | $7.1B | -0.5% |
| May 2, 2025 | $2.71 | $2.72 | +0.4% | $6.4B | +2.0% |
| Jan 31, 2025 | $2.82 | $2.83 | +0.4% | $6.2B | -1.3% |
| Oct 31, 2024 | $2.80 | $2.84 | +1.4% | $6.3B | -0.4% |
| Aug 1, 2024 | $2.61 | $2.73 | +4.6% | $6.3B | +0.0% |
| Apr 30, 2024 | $2.29 | $2.40 | +4.8% | $5.9B | +0.6% |
| Feb 1, 2024 | $2.47 | $2.55 | +3.2% | $6.0B | +0.9% |
| Oct 31, 2023 | $2.34 | $2.47 | +5.6% | $5.9B | -0.5% |
| Aug 1, 2023 | $2.11 | $2.21 | +4.7% | $5.9B | +1.8% |
| May 2, 2023 | $1.78 | $1.88 | +5.6% | $5.5B | -4.6% |
| Feb 8, 2023 | $2.05 | $2.06 | +0.5% | $5.4B | +2.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Paolo mentioned strong demand with rolling 12-month orders up in all businesses, backlogs at new highs, data center orders up 240%, closed UltraPCS and Boyd Thermal acquisitions, partnership with NVIDIA, and strategy to lead, invest, and execute for growth.
Guidance
Raised organic growth outlook to midpoint of 10%, adjusted EPS midpoint to $13.28, electrical Americas and global organic growth increased, segment margins guidance range 24.1%-24.5%.
Segment performance
Electrical Americas segment: Organic sales of 14% driven by strengthened data centers, etc., operating margin 25.6%. Electrical Global segment: Total growth 21% including 9% organic and 6% from Boyd acquisition, operating margin 19.2%. Aerospace segment: Organic sales growth 9%, record sales, operating margin 26.7%. Mobility segment: Declined 6% on organic basis.
Risks & headwinds
Forward-looking statements with actual results possibly differing due to risks and uncertainties described in recent SEC filings.
Analyst Q&A
Q: Scott Davis from Milius Research asked about competitive position in solid-state transformers.
A: Paolo discussed leading position, pilots, and progress.
Q: Chris Schneider from Morgan Stanley asked about Electrical Americas margins.
A: Paolo explained cost inflation, ramp-up, and price actions.
Q: Dean Dre from RBC Capital Markets asked about Dave's priorities as CFO.
A: Dave talked about culture, growth, and finance transformation.
Q: Nicole de Blasio from Deutsche Bank asked about capacity for Electrical Americas and Boyd.
A: Paolo said ongoing ramp and continuous investment.
Q: Chad Dillard from Bernstein asked about cold plates and competitors.
A: Paolo talked about Boyd's position and market validation.
Q: Andy Kaplowitz from Citi asked about mega projects and economic trends.
A: Paolo mentioned strong mega project orders.
Q: Patrick Bauman from JP Morgan asked about EA margin improvement.
A: Paolo and Dave discussed margin improvement.
Q: Andrew Buscaglia from BNP asked about electrical Americas sub-segments.
A: Paolo talked about utilities and short cycle markets.
Q: Joe Ritchie from Goldman Sachs asked about Boyd integration.
A: Paolo said cautious integration.
Q: Julian Mitchell from Barclays asked about ramp-up slope.
A: Paolo and Dave discussed margin improvement and leverage.