Eaton Corp plc reported second-quarter 2026 results with revenue rising to $8.53B, up 21.4% from $7.03B a year earlier, while diluted EPS declined to $2.11 from $2.51 and net income attributable to shareholders fell to $821M from $982M — according to its 10-Q filing.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$8.53B$7.03B21.4% | Net income²$821M$982M(16.4%) | Diluted EPS³$2.11$2.51(15.9%) |
¹ Reported as “Net sales”. ² Reported as “Net income attributable to Eaton ordinary shareholders”. ³ Reported as “Diluted income per share attributable to Eaton ordinary shareholders”.
Business Highlights
- Revenue growth was driven by strong organic demand across data center, machine OEM and aerospace end markets, with Electrical Americas/Global and Aerospace showing notable strength.
- Completed several strategic acquisitions (Fibrebond, Resilient, Ultra PCS, Boyd Thermal) to expand electrical and aerospace capabilities.
- Backlog and book-to-bill remained healthy (book-to-bill above 1.0), indicating sustained demand.
- Continuing a multi-year restructuring program through 2026 aimed at operational optimization, with expected mature annual benefits of about $375M.
- Announced plans for a Mobility separation and RMT merger with Dana, targeting close in Q1 2027 to sharpen focus on core power-management businesses.
Original SEC Filing:
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