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Eaton Corp plc

Ranked earnings events from SEC filings, earnings calls, press releases and news. Full Picture: everything published this earnings window

News · 2026-11-07

• Guidance and OutlookImportance 47 · Surprise 60
  Eaton issued fourth-quarter and full-year 2026 earnings guidance after reporting third-quarter 2026 sales of US$8.95 billion and net income of US$1.08 billion. The article characterizes the full-year 2026 earnings…
• AI Data Center DemandImportance 26 · Surprise 24
  Eaton highlighted strong demand related to data centers. Recent acquisitions aligned with power and cooling for these facilities, and the article described data infrastructure as a key earnings driver. The digest…
• Revenue Performance and MixImportance 12 · Surprise 6
  Eaton reported third-quarter 2026 sales of US$8.95 billion. Third-quarter 2026 net income was US$1.08 billion. Eaton highlighted strong data-center-related demand and recent acquisitions aligned with power and cooling…

News · 2026-11-06

• Revenue Performance and MixImportance 59 · Surprise 48
  Eaton reported record third-quarter 2026 sales of $8.9 billion. Sales increased 28% year over year. The report did not provide a segment revenue breakdown or identify the sales mix underlying the increase.
• Order Backlog and Book-to-BillImportance 53 · Surprise 56
  Eaton’s Electrical backlog grew 46% year over year in the third quarter of 2026, with Electrical Americas up 33% and Electrical Global up 121%. A 1.2 book-to-bill ratio across its Electrical businesses indicates orders…

News · 2026-11-05

• Acquisition / Partnership / DivestitureImportance 42 · Surprise 42
  Dana is acquiring Eaton’s Vehicle and eMobility businesses through a Reverse Morris Trust. The transaction is anticipated to close in Q2 2027. The digest does not state a transaction value or other financial terms.
• Solid-State Transformer CommercializationImportance 34 · Surprise 42
  Eaton CEO Paul Ruiz said AI-driven data-center growth is prompting a shift from traditional AC to 800-volt DC architecture, which could reduce non-IT capital expenditures by up to 18%. Eaton is investing in solid-state…

News · 2026-11-04

• Guidance and OutlookImportance 67 · Surprise 76
  CEO Paulo Ruiz said Eaton raised its 2026 organic growth outlook to 13%–15%, from 11%–13%, marking the third increase this year. The adjusted EPS outlook rose to $13.70–$13.80, with the midpoint increasing by $0.25.…
• Revenue Performance and MixImportance 59 · Surprise 48
  Eaton reported record third-quarter 2026 revenue of $8.9 billion, up 28% year over year, with 8 percentage points of growth from acquisitions. Organic growth was 19% for the quarter, or 21% excluding Mobility.…
• Order Backlog and Book-to-BillImportance 57 · Surprise 64
  Electrical Americas recorded more than $5 billion in orders in Q3 2026, while rolling 12-month orders increased 39%. Its book-to-bill ratio was 1.3, and backlog grew 33%. The negotiations pipeline was up 55% year to…
• AI Data Center DemandImportance 51 · Surprise 64
  Electrical Americas organic sales increased 22%, with data center sales up 54%. Electrical Global organic growth was 27%, including APAC organic growth of nearly 50%. These reported gains point to strong demand in data…
• Margin DriversImportance 36 · Surprise 40
  Eaton reported all-time record segment margins of 25.3% in Q3 2026, with incremental margins of 26%, up from 19% in the prior quarter. Electrical Americas margins were 29.8%, up 230 basis points from Q2 and more than…
• Acquisition / Partnership / DivestitureImportance 31 · Surprise 42
  Eaton expanded its portfolio through the acquisition of COL Group, as reported on November 4, 2026. The report said the deal adds scale to Eaton’s electrical and aerospace exposure. It did not provide the transaction…

10-Q · 2026-11-03

• Capital Expenditure OutlookImportance 84 · Surprise 74
  Eaton plans to increase capital expenditures over the next several years to expand production capacity across markets in support of anticipated growth. Capital expenditures were $721 million in the first nine months of…
• Order Backlog and Book-to-BillImportance 75 · Surprise 64
  At September 30, 2026, Electrical Americas backlog was $15,993 million, up from $12,009 million a year earlier, and book-to-bill increased to 1.3 from 1.1. Electrical Global backlog rose to $4,381 million from $1,983…
• Acquisition / Partnership / DivestitureImportance 71 · Surprise 60
  Eaton agreed on September 25, 2026, to acquire COL Group, an Italian provider of medium-voltage electrical distribution solutions, for €810 million ($921 million). The acquisition is subject to customary closing…
• Strategic Business SeparationImportance 71 · Surprise 60
  Eaton plans to separate its Mobility business and combine it with Dana in a Reverse Morris Trust transaction, with Eaton shareholders expected to own 50.1% of the combined company after completion. Certain Eaton…
• Share Repurchase ProgramImportance 69 · Surprise 64
  Eaton’s February 27, 2025 repurchase authorization permits up to $9.0 billion of share buybacks over the three-year period beginning on that date. Eaton repurchased no ordinary shares in the three or nine months ended…
• Operating Cash Flow and CapexImportance 54 · Surprise 40
  Net cash provided by operating activities rose $436 million to $2.943 billion in the first nine months of 2026, with $263 million of the increase attributed to lower working-capital balances. Net cash used in investing…
• Restructuring and HeadcountImportance 52 · Surprise 42
  Eaton’s multi-year restructuring program, implemented in the first quarter of 2024, had incurred $394 million in charges through the filing period. Eaton expects another $20 million for workforce reductions and $16…
• Revenue Performance and MixImportance 52 · Surprise 30
  Third-quarter 2026 net sales were $8.947 billion, up from $6.988 billion in the prior-year quarter; nine-month sales were $24.929 billion, compared with $20.393 billion in 2025. Third-quarter growth reflected data…
• Debt and Liquidity PositionImportance 44 · Surprise 24
  At September 30, 2026, Eaton had $528 million of cash, $290 million of short-term investments, and $1.594 billion of short-term debt; long-term debt was $17.802 billion, with a $710 million current portion. Eaton…
• Margin DriversImportance 37 · Surprise 32
  Consolidated gross margin fell to 34.7% in third-quarter 2026 from 38.3% a year earlier, primarily due to 360 basis points of commodity and wage inflation and 210 basis points of higher intangible amortization, partly…
• Income Tax Rate ChangesImportance 35 · Surprise 48
  Eaton’s effective tax rate was 21.3% for third-quarter 2026, versus 20.7% in third-quarter 2025, and 23.5% for the first nine months of 2026, versus 18.7% in the comparable 2025 period. The increase primarily reflected…
• Inflationary Cost PressuresImportance 32 · Surprise 24
  Higher commodity and wage inflation materially weighed on margins during the first nine months of 2026. Eaton attributed a 380-basis-point decline in consolidated gross margin to higher commodity and wage inflation,…
• End-Market Demand TrendsImportance 23 · Surprise 24
  In the third quarter of 2026, organic sales growth reflected strength in data center, machine OEM, and commercial and institutional end markets in Electrical Americas; broad-based end-market strength in Electrical…
• ESG and SustainabilityImportance 10 · Surprise 6
  Eaton identifies sustainability as a guiding commitment and says its power-management work is intended to help build a more sustainable society. The company is capitalizing on electrification, digitalization, and North…

Earnings call · 2026-11-03

• AI Data Center DemandImportance 75 · Surprise 64
  Data center sales increased 65% year over year, marking the ninth consecutive quarter of growth above 35%, and orders rose 101%. Data center orders on a rolling 12-month basis were over 100% higher, while announced…
• Order Backlog and Book-to-BillImportance 70 · Surprise 56
  Electrical Americas demand was broad-based, with its negotiations pipeline up about 55% year to date, backlog up 33% to a record, and rolling 12-month orders up 39%, at a 1.3 book-to-bill. Management said demand…
• Guidance and OutlookImportance 69 · Surprise 60
  Eaton raised its 2026 organic growth outlook to 13%–15%, a 200-basis-point increase at the midpoint, and its adjusted EPS outlook to $13.70–$13.80, with cash flow expectations reaffirmed. Management expects none of its…
• Segment Revenue PerformanceImportance 63 · Surprise 64
  Electrical Americas organic sales grew 22%, including 54% growth in data centers and strong growth in machine OEM and C&I. Electrical Global total growth was 58%, comprising 27% organic growth and 31 percentage points…
• Acquisition / Partnership / DivestitureImportance 63 · Surprise 42
  Management said Eaton has put $14 billion to work in acquisitions, with acquired businesses performing above initial growth and margin expectations, and said large acquisitions are behind the company for the short…
• Boyd Revenue GrowthImportance 63 · Surprise 64
  Boyd Thermal delivered nearly triple-digit year-over-year growth, with demand strong across its portfolio and orders accelerating alongside customer adoption of liquid-cooling architectures. Its backlog grew threefold…
• Revenue Performance and MixImportance 59 · Surprise 48
  Q3 2026 revenue reached a record $8.9 billion, up 28% year over year, including 8 percentage points from acquisitions and 19% organic growth (21% excluding Mobility). Adjusted EPS was a record $3.68, up 20% year over…
• End-Market Demand TrendsImportance 58 · Surprise 56
  Management described demand as broadening beyond data centers, with quarterly organic revenue growth in the mid-teens for commercial and institutional, mid-30s for machine OEM, and double digits for industrial…
• Aerospace Supply ChainImportance 58 · Surprise 56
  Aerospace orders were up 20%, including a 36% increase in defense OEM, and backlog reached a record $5.6 billion, up 33% year over year. Management identified punctual supplier problems in some commodities and said it…
• Geographic Market CommentaryImportance 57 · Surprise 64
  Electrical Global organic growth accelerated across its regions, led by APAC at nearly 50%, while GIS and EMEA each grew around 20%. Management said Eaton was growing faster than local competitors in Asia and winning…
• Solid-State Transformer CommercializationImportance 41 · Surprise 60
  Eaton’s 15 kV, 2 MW medium-voltage solid-state transformer passed all applicable UL tests in October; management said it was the first multi-megawatt unit to clear those tests. The U.S. unit combines liquid cooling,…
• Margin DriversImportance 38 · Surprise 24
  Total segment margins reached a record 25.3%; combined Electrical segment margins were 26.4%, up 190 basis points sequentially. Electrical Americas margins rose to 29.8%, up 230 basis points from Q2 and more than 400…
• Modular Data Center SolutionsImportance 34 · Surprise 42
  Management said modular systems shift work from customer job sites to factories, improving control and deployment speed while freeing data-hall space for servers. Eaton differentiates itself by designing and…
• Strategic InitiativesImportance 34 · Surprise 42
  Eaton is building a broader power-distribution portfolio in Europe to complement its UPS leadership and more closely match its Electrical Americas offering. Management said the acquisition of COL, once completed, will…
• Manufacturing Capacity ExpansionImportance 33 · Surprise 42
  Management said 18 of Eaton’s 25 expansion projects were complete and that new capacity was turning into output. For an upcoming three-phase transformer facility, Eaton hired workers early and is training them at…
• Inflationary Cost PressuresImportance 32 · Surprise 24
  Management said Eaton is operating in a high-inflationary environment and is managing the resulting pressures through pricing and customer contract provisions for commodity changes. It cited price-list announcements…
• Geographic Market PositionImportance 20 · Surprise 24
  Management said Eaton is gaining share in Europe and Asia, citing growth rates discussed earlier in the call but not quantified in this section. In Europe, Eaton remains a leader in data-center UPS and is building a…

8-K · 2026-11-03

• Acquisition / Partnership / DivestitureImportance 91 · Surprise 92
  Eaton acquired Boyd Thermal on March 12, 2026, for $9.55 billion net of cash acquired; the business is reported in Electrical Global and contributed 31% to that segment’s third-quarter sales growth. Eaton also acquired…
• Debt and Liquidity PositionImportance 89 · Surprise 82
  At September 30, 2026, cash was $528 million and short-term investments were $290 million, compared with $622 million and $181 million, respectively, at December 31, 2025. Short-term debt was $1.594 billion, up from $1…
• Guidance and OutlookImportance 75 · Surprise 60
  For full-year 2026, Eaton expects organic growth of 13%–15% and segment margins of 24.1%–24.5%. Full-year diluted earnings per share are expected to be $10.39–$10.49, with adjusted earnings per share of $13.70–$13.80.…
• Order Backlog and Book-to-BillImportance 63 · Surprise 64
  Eaton reported twelve-month rolling average organic orders up 39% in Electrical Americas, 51% in Electrical Global, and 20% in Aerospace, with order dollars reaching record levels across all three segments. September…
• Revenue Performance and MixImportance 59 · Surprise 48
  Third-quarter 2026 sales were a record $8.947 billion, up 28% year over year, comprising 19% organic growth, 8% from acquisitions, and 1% from foreign exchange. Electrical Americas sales rose 22% organically to $4.172…
• Strategic Business SeparationImportance 59 · Surprise 60
  Eaton plans to separate its Mobility business and combine it with Dana through a Reverse Morris Trust transaction, following definitive agreements signed June 10, 2026, and a supplemental letter agreement dated October…
• Restructuring and HeadcountImportance 52 · Surprise 42
  Eaton’s multi-year restructuring program had incurred $394 million in charges since its 2024 inception through the reported period. The program is expected to be completed in 2026, with an additional $20 million of…
• Operating Cash Flow and CapexImportance 37 · Surprise 6
  Third-quarter 2026 operating cash flow was $1.310 billion and free cash flow was $1.034 billion. Capital expenditures for property, plant and equipment were $275 million during the quarter. The release said cash…
• Operating Expense TrendsImportance 29 · Surprise 22
  Third-quarter selling and administrative expense was $1.278 billion, compared with $1.105 billion a year earlier, an increase of about 16%. Research and development expense was $238 million, versus $203 million, up…
• Margin DriversImportance 25 · Surprise 32
  Third-quarter segment margins reached a record 25.3%, 30 basis points above the third quarter of 2025 and 30 basis points above the high end of guidance. Eaton attributed the increase to higher sales and improved…
• Income Tax Rate ChangesImportance 19 · Surprise 22
  Third-quarter income tax expense was $291 million on $1.370 billion of pretax income, an effective rate of about 21.2%, compared with $264 million on $1.275 billion of pretax income, or about 20.7%, in the prior-year…

News · 2026-11-03

• Acquisition / Partnership / DivestitureImportance 40 · Surprise 42
  Eaton announced an agreement to acquire COL Group, which would expand manufacturing capacity and power distribution capabilities for data center and utility markets in Europe. Third-party reporting also said Eaton…
• Strategic Business SeparationImportance 34 · Surprise 42
  Third-party reports said Eaton is planning the separation of its Mobility business. The reports characterized the separation as part of Eaton’s strategic deals alongside its announced COL Group acquisition. No…
• Margin DriversImportance 32 · Surprise 24
  Eaton reported record third-quarter segment margins of 25.3%, above the high end of guidance. Electrical Americas margins improved 230 basis points sequentially. The reports did not specify quantified causes for the…
• Operating Cash Flow and CapexImportance 21 · Surprise 6
  Eaton generated operating cash flow of $1.31 billion in the third quarter of 2026. The report described cash flow as strong alongside record sales of $8.9 billion and adjusted EPS of $3.68. No capital expenditure…
• Quarterly Dividend DeclarationImportance 13 · Surprise 6
  Eaton’s board reaffirmed a quarterly dividend of $1.10 per ordinary share. The dividend is payable on November 27, 2026, to shareholders of record on November 10, 2026. The report did not identify a change in the…