Eaton (ETN) Q4 2025 Earnings
How Did ETN Stock React to Q4 2025 Earnings?
S&P 500 over the same 30 days: −2.49%.
Did ETN Beat Earnings? Q4 2025 Results
Yes. Eaton reported Q4 2025 earnings of $3.33 a share on Feb 3, 2026, beating the $3.32 consensus estimate by 0.3%. Revenue was $7.1B against a $7.1B estimate.
Eaton capped a strong fiscal year with a fourth-quarter performance that edged past Wall Street's expectations, reporting adjusted EPS of $3.33 against a consensus estimate of $3.32, while revenue of $7.05 billion rose 13.1% year-over-year and came in fractionally ahead of forecasts. The headline driver was Electrical Americas, where record quarterly sales of $3.51 billion, up 21% year-over-year on 15% organic growth, reflected surging demand from data center customers, a trend that has drawn broad analyst attention and lifted price targets at multiple firms. Segment margins reached a quarterly record of 24.9%, while operating and free cash flows also hit quarterly records at $1.97 billion and $1.57 billion, respectively. Looking ahead, management guided full-year 2026 adjusted EPS of $13.00 to $13.50, representing roughly 10% growth at the midpoint, alongside organic revenue growth of 7-9%; the pending $9.50 billion acquisition of Boyd Thermal and the planned spin-off of the Mobility business by end of Q1 2027 are set to further reshape the portfolio.
- Data center momentum driving Electrical Americas order acceleration of 16% organically
- Strong Aerospace order growth of 11% organically
- 9% organic sales growth in Q4 2025
- Electrical sector backlog growth of 29% and Aerospace backlog growth of 16%
- Book-to-bill ratio of 1.1 for both Electrical and Aerospace businesses
- Segment margins of 24.9%, a Q4 record
“In the fourth quarter, we continued to convert strong demand into accelerated orders and organic growth. Electrical and Aerospace were standout drivers, contributing to sustained backlog growth and a book-to-bill ratio of 1.1.”
Eaton CEO, on the earnings call
What Was Eaton's Outlook in Q4 2025?
For full year 2026, Eaton expects organic growth of 7-9%, segment margins of 24.6-25.0%, GAAP EPS of $11.57 to $12.07 (up ~13% at the midpoint over 2025), and adjusted EPS of $13.00 to $13.50 (up ~10% at the midpoint over 2025). For Q1 2026, the company guides organic growth of 5-7%, segment margins of 22.2-22.6%, GAAP EPS of $2.29 to $2.49, and adjusted EPS of $2.65 to $2.85. The Boyd Thermal acquisition ($9.5 billion) is expected to close in Q2 2026, and the planned spin-off of the Mobility business is expected to be completed by the end of Q1 2027.
ETN YoY Financials
| Metric | Q4 2025 | Q4 2024 | Year over year |
|---|---|---|---|
| Revenue | $7.1B | $6.2B | +13.1% |
| Net Income | $1.1B | $971.0M | +16.6% |
ETN Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.