Eaton Corporation plc
Eaton Corporation plc Q1 FY2026 earnings call
May 5, 2026 · fiscal period ended 2026-03
EPS · actual vs est
Revenue · actual vs est
Summary
Generated 2026-05-05
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.
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.
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%.
Risks
Forward-looking statements with actual results possibly differing due to risks and uncertainties described in recent SEC filings.
Q&A highlights
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.
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | $2.81 | $2.73 | +2.9% | $2.72 |
| Revenue | $7.45B | $7.14B | +4.3% | $6.38B |
Transcript
May 5, 2026Full transcript unavailable for redistribution
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