Quarterly ResultJul 31, 2026, 07:06 AM
Eaton Q2 Sales Up 21% to $8.5B; Raises Guidance; Mobility Spin-off
AI Summary
Eaton Corporation plc reported record second-quarter 2026 financial results, with sales increasing 21% to $8.5 billion and adjusted earnings per share reaching a record $3.15. The company also raised its full-year 2026 adjusted EPS guidance to $13.40-$13.60, reflecting strong performance and sustained demand. Additionally, Eaton announced an agreement to separate its Mobility business through a Reverse Morris Trust transaction, expected to close in the first quarter of 2027, to further focus on higher-growth Electrical and Aerospace businesses.
Key Highlights
- Second quarter sales increased 21% to $8.5 billion, with organic sales growth of 14%.
- Adjusted earnings per share were a record $3.15.
- Raised full-year 2026 adjusted EPS guidance to $13.40-$13.60, up 12% at the midpoint over 2025.
- Announced agreement to separate Mobility business via Reverse Morris Trust, expected to close in Q1 2027.
- Electrical Americas sales grew 18% organically to $4.0 billion, with operating profits of $1.1 billion.
- Electrical Global sales increased 44% to $2.5 billion, with operating profits of $499 million.
- Total backlog grew 43% in the Electrical sector and 28% in the Aerospace segment.
Price Impact
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