Eaton Q2 FY2026: sales up 21.0%, adjusted EPS $3.15, organic guidance raised
Eaton's quarter was a growth story with a margin asterisk: sales hit a record $8.53 billion, up 21.0%, adjusted EPS of $3.15 beat the $3.10 consensus and set a record, and full-year organic growth guidance was raised. The catch is that gross margin fell to 33.5% from 37.0% as acquisition accounting and Boyd Thermal's lower-margin mix diluted profitability. The view is Bullish, as long as margins move toward management's own targets.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $2.11 fell from $2.51, largely because acquisition and divestiture charges rose to $0.49 per share from $0.14. Strip out $0.50 of intangible amortization, $0.49 of deal charges and $0.05 of restructuring, and adjusted EPS was $3.15, a record and just above the $3.10 consensus.
Sales of $8.53 billion were a record and 21.0% above the $7.03 billion reported a year earlier. Organic growth was 14.0%, with acquisitions adding 7.0% of the increase. Three of the four segments set records, led by Electrical Global at $2.52 billion, up 44.0% year over year.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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