Eaton (ETN) Q3 2026 Earnings
Adjusted EPS excludes $0.62 per share of intangible amortization, $0.30 per share of acquisition and divestiture charges, and $0.01 per share of restructuring program income; GAAP diluted EPS was $2.77
How Did ETN Stock React to Q3 2026 Earnings?
Did ETN Beat Earnings? Q3 2026 Results
Yes. Eaton reported Q3 2026 earnings of $3.68 a share on Nov 3, 2026, beating the $3.55 consensus estimate by 3.8%. Revenue was $8.9B against a $8.5B estimate.
Eaton Corp plc delivered a convincing third-quarter 2026 beat, posting adjusted EPS of $3.68 against a consensus estimate of $3.55, a 3.77% beat that extended the company's winning streak to six consecutive quarters of topping Wall Street's EPS expectations. Revenue of $8.95 billion grew 28.0% year over year and cleared the $8.52 billion consensus by 4.95%, fueled above all by explosive demand in electrical infrastructure, where <a href="https://247wallst.com/investing/2026/10/29/will-ai-power-demand-spark-a-blowout-quarter-for-eaton-etn-on-nov-3/">AI-driven power demand</a> helped push Electrical Americas organic growth to 22% and Electrical Global organic growth to 27%. Organic growth of 19% for the quarter landed above the high end of guidance, while segment margins of 25.3% edged 30 basis points above the top of the company's own range. Orders and backlog reached record levels across Electrical and Aerospace segments, reinforcing confidence in the demand pipeline. Eaton responded by lifting its full-year organic growth outlook to 13-15% and narrowing its adjusted EPS guidance to $13.70-$13.80, with fourth-quarter adjusted EPS expected between $4.05 and $4.15.
- Organic sales growth of 19% plus 8% from acquisitions and 1% from foreign exchange
- Electrical Americas organic sales up 22%, with operating margins of 29.8%, up 230 basis points sequentially
- Electrical Global organic growth of 27% plus a 31% contribution from Boyd Thermal; operating profits up 75%
- Aerospace organic growth of 6% plus 5% from the Ultra PCS acquisition
- Mobility organic sales up 9%, with margins up 370 basis points to 17.2%
- Twelve-month rolling average organic orders up 39% in Electrical Americas, 51% in Electrical Global and 20% in Aerospace
- Backlog up 46% in Electrical and 33% in Aerospace; book-to-bill of 1.2 in both Electrical and Aerospace
“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.”
Eaton CEO, on the earnings call
What Is Eaton's Outlook?
Eaton raised its full-year 2026 organic growth guidance to 13-15%. It expects full-year segment margins of 24.1-24.5%, GAAP EPS of $10.39-$10.49 and adjusted EPS of $13.70-$13.80. For the fourth quarter of 2026, it anticipates organic growth of 13-15%, segment margins of 25.4-25.8%, GAAP EPS of $3.28-$3.38 and adjusted EPS of $4.05-$4.15. The COL Group acquisition is expected to close in the first quarter of 2027. The Mobility separation via a Reverse Morris Trust with Dana is expected to close in the first four months of 2027.
ETN YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $8.9B | $7.0B | +28.0% |
| Net Income | $1.1B | $1.0B | +6.7% |
ETN Revenue by Segment
When Does Eaton Report Next?
Figures from SEC filings and company reports. Not investment advice.