Eaton and nVent Electric Scaling Revenues Amid AI Data Center Growth
Both Eaton (NYSE:ETN) and nVent Electric (NYSE:NVT) are benefiting from the global electrification boom, particularly in data centers driven by artificial intelligence. Eaton reported a record $7.5 billion revenue for Q1 2026 with strong organic growth supported by its recent acquisition of Boyd Thermal, which expanded its presence into liquid cooling solutions. The company raised its full-year guidance and has a significant backlog of $23 billion. Meanwhile, nVent Electric saw consistent quarter-over-quarter gains, reporting record sales in Q1 2026 with year-over-year growth reaching 51%. It projects revenue to grow between 26% and 28% for the full year. Although smaller than Eaton, its $2.6 billion backlog reflects strong demand as it expands into data center infrastructure solutions. Both companies are well-positioned in a growing market but differ in scale and growth trajectory.
Topics: AI data centers electrification industrial companies revenue growth