Eaton Corporation, PLC: Beat — EPS $3.68, Revenue $8.95B
Earnings BeatQ3 2026 · Pre-market
Did Eaton Corporation, PLC (ETN) beat earnings today?
Yes, Eaton Corporation, PLC (ETN) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+3.66% surprise
$3.68Actual
Expected: $3.55
vs. year ago +19.9%
Total Revenue+4.89% surprise
$8.95BActual
Expected: $8.53B
vs. year ago +28.0%
Released Nov 03 · 6:30 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net sales | $8.95B | $6.99B | +28.0% |
| Revenue detail — reported lines | |||
| └─Electrical Americas | $4.17B | $3.41B | +22.3% |
| └─Electrical Global | $2.73B | $1.72B | +58.2% |
| └─Aerospace | $1.20B | $1.08B | +10.8% |
| └─Mobility | $852.00M | $775.00M | +9.9% |
| Net income | $1.08B | $1.01B | +6.8% |
| GAAP Diluted EPS | $2.77 | $2.59 | +6.9% |
| GAAP Basic EPS | $2.77 | $2.60 | +6.5% |
| Adjusted EPS | $3.68 | $3.07 | +19.9% |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | FY 2026 Outlook | ||
|---|---|---|---|---|
| Guidance | Expected | Guidance | Expected | |
| Organic growth | 13-15% | — | 13-15% | — |
| Segment margins | 25.4-25.8% | — | 24.1-24.5% | — |
| Earnings per share | $3.28-$3.38 | $4.09Miss -18.58% | $10.39-$10.49 | $13.60Miss -23.24% |
| Adjusted earnings per share | $4.05-$4.15 | — | $13.70-$13.80 | — |
Q4 2026 Outlook
- Organic growth
- Guidance13-15%Expected—
- Segment margins
- Guidance25.4-25.8%Expected—
- Earnings per share
- Guidance$3.28-$3.38Expected$4.09Miss -18.58%
- Adjusted earnings per share
- Guidance$4.05-$4.15Expected—
FY 2026 Outlook
- Organic growth
- Guidance13-15%Expected—
- Segment margins
- Guidance24.1-24.5%Expected—
- Earnings per share
- Guidance$10.39-$10.49Expected$13.60Miss -23.24%
- Adjusted earnings per share
- Guidance$13.70-$13.80Expected—
Business Highlights
- ➤Announced agreement to acquire COL Group for European power-distribution capabilities.
- ➤COL Group adds SF₆-free switchgear, grid automation and modular power systems.
- ➤COL Group expands manufacturing capacity for European data center and utility markets.
- ➤COL Group transaction is expected to close in the first quarter of 2027.
- ➤Invested $75M in SPAN to support affordable home electrification.
- ➤Acquired Ultra PCS to expand aerospace electronic controls, sensing and data-processing capabilities.
- ➤Acquired Boyd Thermal, adding thermal components and ruggedized solutions.
- ➤Planned Mobility separation and combination with Dana via a Reverse Morris Trust.
- ➤Mobility transaction is expected to close in the first four months of 2027.
- ➤Electrical businesses and Aerospace maintained a rolling twelve-month book-to-bill ratio of 1.2.
Management Commentary
Paulo Ruiz, Eaton chief executive officer
“Our strong third quarter performance reflects the focus and discipline our teams have demonstrated all year as we expand capacity, strengthen execution and position the business to meet accelerating customer demand. We delivered organic growth and segment margins above the high end of our guidance, driven by strong demand across our markets and continued momentum across our Electrical businesses. Record orders grew sequentially, backlog continued to expand, and we remain well-positioned to help customers deliver on their critical power infrastructure investments. These results reinforce our confidence in the remainder of the year.”