Q2 26 EPS
$5.52
BEAT +2.54%
Est. $5.38
Q2 26 Revenue
$1.71B
BEAT +1.72%
Est. $1.68B
vs S&P Since Q2 26
-5.8%
TRAILING MARKET
HUBB +0.2% vs S&P +6.0%
Market Reaction
Did HUBB Beat Earnings? Q2 2026 Results
Hubbell Incorporated delivered a clean beat across both top and bottom lines in the second quarter of 2026, extending its EPS consensus beat streak to four consecutive quarters as the electrical equipment maker capitalized on surging demand for grid … Read more Hubbell Incorporated delivered a clean beat across both top and bottom lines in the second quarter of 2026, extending its EPS consensus beat streak to four consecutive quarters as the electrical equipment maker capitalized on surging demand for grid modernization and datacenter infrastructure. Adjusted diluted EPS came in at $5.52, clearing the $5.38 consensus estimate by 2.54%, while revenue of $1.71 billion topped expectations by 1.72% and rose 15.3% year over year, fueled by a combination of 10% organic growth and a 5% contribution from acquisitions. The single most consequential development in the quarter was the completed acquisition of NSI Industries for approximately $3.00 billion, a deal that meaningfully expanded Hubbell's electrical components portfolio but also pushed total debt to $5.37 billion and pressured GAAP earnings with elevated amortization and integration costs. Investors had been closely watching whether volume, rather than pricing alone, was driving organic momentum, and the 18% organic growth in the Electrical Solutions segment offered a credible answer. Looking ahead, management raised its full-year 2026 adjusted EPS guidance to a range of $20.25 to $20.55, projecting total sales growth of 16% to 18%.
Key Takeaways
- • Grid modernization megatrend driving utility demand
- • Electrical load growth across utility and electrical markets
- • Datacenter investment driving organic growth
- • 10% organic net sales growth in Q2 2026
- • Price and productivity actions offsetting cost inflation
- • Acquisitions contributed 5% to net sales growth
- • Grid Infrastructure net sales increased approximately 12%
- • Electrical Solutions organic net sales increased 18%
HUBB Forward Guidance & Outlook
For full year 2026, Hubbell anticipates total sales growth of 16-18% including organic sales growth of 9-11%. GAAP diluted EPS is expected in the range of $17.25 to $17.55, and adjusted diluted EPS is expected in the range of $20.25 to $20.55. Adjusted EPS excludes approximately $2.50 per share of amortization of acquisition-related intangible assets and approximately $0.50 per share of transaction, integration, and separation costs. The outlook is based on an adjusted tax rate of 22.0% to 22.5% and includes approximately $20 million of anticipated restructuring and related investment. Full year 2026 free cash flow conversion is expected at approximately 90% on adjusted net income.
HUBB YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
HUBB Revenue by Segment
With YoY comparisons, source: SEC Filings
“Hubbell delivered strong performance in the second quarter, with double digit growth in sales, adjusted operating profit and adjusted earnings per share”
— Gerben Bakker, Q2 2026 Earnings Press Release
HUBB Earnings Trends
HUBB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
HUBB EPS Trend
Earnings per share: estimate vs actual
HUBB Revenue Trend
Quarterly revenue: estimate vs actual
HUBB Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $5.38 | $5.52 | +2.54% | $1.71B | +1.72% |
| Q1 26 BEAT | $3.86 | $3.93 | +1.68% | $1.52B | +0.86% |
| Q4 25 BEAT FY | $4.72 | $4.73 | +0.18% | $1.49B | +0.28% |
| FY Full Year | $18.20 | $18.21 | +0.06% | $5.84B | +0.08% |
| Q3 25 BEAT | $4.98 | $5.17 | +3.91% | $1.50B | -2.00% |
| Q2 25 BEAT | $4.40 | $4.93 | +12.13% | $1.48B | -1.52% |
| Q1 25 MISS | $3.72 | $3.50 | -6.01% | $1.37B | -2.05% |