Eaton Reports Record Q2 Earnings, Raises Full-Year Outlook
Eaton Corporation (NYSE:ETN) reported record second-quarter results with revenue rising 21% to $8.5 billion and adjusted earnings per share reaching $3.15—both exceeding guidance. The Electrical Americas segment was a key driver of growth, posting an 18% increase in organic sales, including approximately 65% growth in data center revenue. The company raised its full-year outlook to reflect stronger-than-expected performance and expanding demand. It now expects 2026 organic growth between 11%–13%, up from a previous range of 9%–11%, with adjusted EPS projected at $13.40–$13.60. Eaton is also investing over $1 billion in capacity expansion and has seen significant backlog increases, including a $5 billion rise since the beginning of 2025. Eaton's strategic acquisitions—such as Boyd, Fibrebond, and Ultra PCS—are helping it strengthen its position in high-growth infrastructure markets. Management cited strong long-term demand for data centers and expects Boyd alone to generate $1.8 billion in full-year revenue.
Tickers: $ETN