| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 7.5K | 16.8% |
| Total Income | 7.5K | 16.8% |
| Expenditure | 6.3K | 22.0% |
| PBT | 1.1K | 6.0% |
| Net Profit | 866.00 | 10.2% |
| OPM | — | |
| NPM | 11.62% | 3.49pp |
| EPS | 2.23 | 9.3% |
Eaton Reports Record Q1 2026 Sales Up 17%, Organic Growth 10%
05 May 2026 · 5 May, 4:32 pm
Summary
Eaton Corporation plc reported a record first quarter in 2026, with sales up 17% to $7.5 billion. Organic sales growth was 10%, exceeding the high end of the guidance range. Adjusted earnings per share reached a record $2.81. The company anticipates full year 2026 earnings per share to be between $10.88 and $11.33 and adjusted earnings per share between $13.05 and $13.50. Eaton also closed $11 billion in strategic acquisitions during the quarter.
Key Highlights
- 1
Eaton's first quarter sales increased by 17% to a record $7.5 billion, with organic sales growth of 10%.
- 2
Adjusted earnings per share were $2.81, a first quarter record, excluding charges related to intangible amortization, acquisitions/divestitures, and restructuring.
- 3
The twelve-month rolling average order acceleration in Electrical Americas was up 42%, driven by data center momentum.
- 4
The Electrical sector experienced a strong year-over-year total backlog growth of 48%, while the Aerospace segment saw a 28% increase.
- 5
Operating cash flow was $507 million and free cash flow was $314 million, representing increases of 113% and 245%, respectively, over the same period in 2025.
- 6
For full year 2026, earnings per share are expected to be between $10.88 and $11.33, up 6% at the midpoint over 2025.
- 7
The company closed $11 billion of strategic acquisitions in the quarter, including Boyd Thermal and Ultra PCS Limited.
Management Comments
Paulo Ruiz
Strong demand across our markets drove solid first quarter performance, highlighted by order strength, backlog growth and our team’s continued discipline and focus on operational execution. In Electrical Americas, we achieved strong organic growth while advancing significant capacity expansion investments to meet demand. Electrical Global also continues to outperform, and Aerospace delivered strong backlog growth and segment profit. Mobility delivered solid operational performance in a challenging market, and we remain on track toward its Q1 2027 planned spin-off into an independent, publicly traded company. We've taken bold actions to shape the portfolio, deliver the solutions our customers need and position ourselves to meet or exceed our 2030 targets.”
Informational and educational content only. Not investment advice.