Q2 25 EPS
$2.95
BEAT +0.94%
Est. $2.92
Q2 25 Revenue
$7.03B
BEAT +1.65%
Est. $6.91B
vs S&P Since Q2 25
-5.9%
TRAILING MARKET
ETN +12.7% vs S&P +18.6%
Market Reaction
Did ETN Beat Earnings? Q2 2025 Results
Eaton delivered a clean beat across both top and bottom lines in the second quarter of 2025, with adjusted EPS of $2.95 edging past the $2.92 consensus estimate by 0.94% and revenue of $7.03 billion topping expectations by 1.65% while climbing 10.7% … Read more Eaton delivered a clean beat across both top and bottom lines in the second quarter of 2025, with adjusted EPS of $2.95 edging past the $2.92 consensus estimate by 0.94% and revenue of $7.03 billion topping expectations by 1.65% while climbing 10.7% year-over-year. The primary engine behind the quarter was Electrical Americas, where record sales of $3.35 billion grew 16% on a surge in data center demand and the April completion of the $1.45 billion Fibrebond acquisition, helping push consolidated segment margins to 23.9% for the period. Organic growth came in at 8%, at the high end of management's guidance range, while free cash flow reached $716 million for the quarter. Looking ahead, Eaton guided full-year 2025 adjusted EPS to $11.97-$12.17, representing roughly 12% growth at the midpoint, with organic revenue growth of 8.5-9.5% expected; some observers have noted the stock's elevated valuation multiples relative to historical norms, suggesting the market has already priced in much of the company's favorable positioning in electrification and data infrastructure.
Key Takeaways
- • 8% organic sales growth driven by data center momentum and sustained demand across Electrical and Aerospace
- • Record segment margins of 23.9%, up 20 basis points year-over-year
- • Electrical Americas organic growth of 12% with 17% backlog growth
- • Aerospace organic growth of 11% with 16% backlog growth and 10% order growth
- • Combined Electrical and Aerospace book-to-bill ratio of 1.1 on rolling twelve-month basis
- • Fibrebond acquisition contributing 5% of Electrical Americas sales growth
ETN YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
ETN Revenue by Segment
With YoY comparisons, source: SEC Filings
“I'm proud to share Eaton's strong second quarter results, reflecting our team's commitment to leading and executing on our strategy to become the world's premier power management company. We see sustained demand in the acceleration of orders and increase in our backlog, powering our organic growth. We continue this momentum by investing for growth in technology, acquisitions and partnerships in fast-growing, high-margin markets. We are confident in our strategy and remain well positioned to capitalize on megatrends including digitalization, electrification, reindustrialization and increased defense spending.”
— Paulo Ruiz, Q2 2025 Earnings Press Release
ETN Earnings Trends
ETN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ETN EPS Trend
Earnings per share: estimate vs actual
ETN Revenue Trend
Quarterly revenue: estimate vs actual
ETN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $2.73 | $2.81 | +2.90% | $7.45B | +4.32% |
| Q4 25 BEAT FY | $3.32 | $3.33 | +0.34% | $7.06B | -0.51% |
| FY Full Year | $12.07 | $12.07 | +0.03% | $27.45B | +0.02% |
| Q3 25 BEAT | $3.05 | $3.07 | +0.51% | $6.99B | -1.30% |
| Q2 25 BEAT | $2.92 | $2.95 | +0.94% | $7.03B | +1.65% |
| Q1 25 BEAT | $2.71 | $2.72 | +0.55% | $6.38B | +2.02% |