Quarterly ResultMay 5, 2026, 07:03 AM
Eaton Reports Record Q1 Sales $7.5B, Adj. EPS $2.81; Raises FY26 Guidance
AI Summary
Eaton Corporation plc announced record first-quarter 2026 results, with sales reaching $7.5 billion, a 17% increase, and adjusted earnings per share of $2.81. The company also raised its full-year 2026 organic growth guidance to 9-11% and completed $11 billion in strategic acquisitions, including Boyd Thermal and Ultra PCS Limited. Additionally, Eaton plans to spin off its Mobility business by the end of Q1 2027.
Key Highlights
- Q1 2026 sales were a record $7.5 billion, up 17% YoY, with 10% organic growth.
- Q1 2026 adjusted EPS was a record $2.81, compared to $2.72 in Q1 2025.
- Raised full-year 2026 organic growth guidance to 9-11% from 8% at the midpoint.
- Completed $11 billion in strategic acquisitions, including Boyd Thermal and Ultra PCS Limited.
- Full-year 2026 adjusted EPS guidance is $13.05-$13.50, up 10% at the midpoint.
- Electrical Americas sales grew 20% to $3.6 billion; Electrical Global sales grew 21% to $1.9 billion.
- Operating cash flow increased 113% to $507 million; free cash flow rose 245% to $314 million.
- Total backlog grew 48% in Electrical sector and 28% in Aerospace segment.