Eaton Raises 2026 Guidance Amid Record Backlog and Data Center Expansion
Eaton (ETN) has raised its full-year 2026 organic revenue growth guidance to a midpoint of 14% following strong third-quarter performance. The company also increased its adjusted earnings per share guidance to a midpoint of $13.75, driven by a record electrical order backlog exceeding $20 billion and successful factory expansions designed to improve profit margins. A key driver of this growth is the Electrical Global division, which expects 16% organic growth in 2026. Furthermore, Eaton's $9.55 billion acquisition of Boyd Thermal has significantly increased its exposure to the high-density data center market by adding advanced liquid-cooling technologies to its electrical distribution portfolio.