Companies /Industrials

Eaton Corporation plc

NYSE: ETN Specialty Industrial Machinery
$397.12
▲ $6.27 (+1.60%) today
Markets closed · 2:36am ET

Q4 2025 Earnings

Reported Feb 3, 2026, 7:00am ET · SEC source
$3.33
Beat +0.34%
EPS · est. $3.32
$7.1B
Miss −0.51%
Revenue · est. $7.1B
−1.6%
Trailing market
ETN vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%0+4%+8%Feb 3Feb 4report 7:00am ETearnings−2.0%+4.2%
−4%0+4%+8%Feb 3Feb 4earnings−2.0%+4.2%
ETN +4.2%S&P 500 −2.0%
−5%0+5%+10%Feb 3Feb 4report 7:00am ETearnings−4.3%+4.2%
−5%0+5%+10%Feb 3Feb 4earnings−4.3%+4.2%
ETN +4.2%NASDAQ −4.3%
0+6%+12%Feb 2Feb 11report 7:00am ETearnings−0.1%+15.3%
0+6%+12%Feb 2Feb 11earnings−0.1%+15.3%
ETN +15.3%S&P 500 −0.1%
−7%0+7%+14%Feb 2Feb 11report 7:00am ETearnings−2.0%+15.3%
−7%0+7%+14%Feb 2Feb 11earnings−2.0%+15.3%
ETN +15.3%NASDAQ −2.0%
+0.86%
Day of report
+0.68%
Next session
+4.12%
One week
−4.08%
30 days

S&P 500 over the same 30 days: −2.49%.

Did ETN Beat Earnings? Q4 2025 Results

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.

Key Takeaways
  • 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

Forward Guidance & Outlook

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

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$2.0B$4.0B$6.0B$6.2B$7.1BRevenue$971.0M$1.1BNet Income
$0$2.0B$4.0B$6.0BRevenueNet Income

ETN Revenue by Segment

Electrical Americas$3.5B
Electrical Global$1.7B
Aerospace$1.1B
Vehicle$586.0M

Figures from SEC filings and company reports. Not investment advice.