Eaton Reports Record Q3 2026 Earnings Driven by Data Center and Electrical Demand
Eaton (ETN) delivered a strong third quarter for 2026, reporting record adjusted earnings per share of $3.68 on revenue of $8.9 billion, a 28% increase year-over-year. Growth was primarily fueled by the electrical sectors, with data center revenue surging 65% and organic sales in Electrical Americas rising 22%. The company's total electrical backlog has reached $20 billion, representing a 46% increase that provides significant long-term visibility. Despite some margin pressure in the Aerospace segment due to product mix changes and commodity headwinds in certain areas, Eaton raised its full-year organic growth guidance to 13%-15%. The company's momentum is supported by an 85% increase in mega project announcements and a robust book-to-bill ratio of 1.2, signaling that demand continues to outpace shipment capacity across its core markets.
Tickers: $ETN
Topics: backlog data center demand EPS beat revenue growth segment performance