Eaton Corporation plc
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+ FollowMarket Cap$166.9B
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Earnings Call Q2 2026
July 31, 2026 - AI Summary
Q2 performance beat + strong growth mix (Electrical-led):
- Adjusted EPS: $3.15, $0.10 above guidance midpoint; also a Q2 record.
- Revenue: $8.5B, +21% total growth (driven by +7 pts acquisitions), +14% organic, +23.1% margins (above high end of guidance).
- Operating cash flow: up 23% YoY; another record cash flow quarter.
Demand strength & orders/backlog acceleration (data center is key but not isolated):
- Company book-to-bill: 1.2 (Americas 1.3, Aerospace 1.2).
- Data center orders/revenue: called out as robust, and accelerating orders are driving growing backlogs.
- End-market breadth beyond data center: double-digit organic growth cited across commercial & institutional, machine OEM (rebounding strongly), and distributed IT, with utilities/industrial/residential also showing strength.
Electrical Americas execution + margin bridge confidence (factory ramp):
- Americas organic growth: +18%; +190 bps margin expansion QoQ.
- Management emphasized capacity ramp and “momentum in revenues per day” since 2025 (including +8% Q2 vs Q1 and ~25% growth in revenue/day since start of 2025).
- Margin headwind noted: YoY margin decline partly due to temporary negative price/cost, but pricing actions in Q2 / early Q3 are expected to bring impact back to roughly neutral in H2.
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$144.35
64.1% downside
Current Fair Value
64.1% downsideOvervalued by 64.1% based on the discounted cash flow analysis.
Share Statistics
| Market cap | $166.90 Billion |
|---|---|
| Enterprise Value | $187.74 Billion |
| Dividend Yield | $4.34 (1.01%) |
| Earnings per Share | $10.49 |
| Beta | 1.13 |
| Outstanding Shares | 388,500,000 |
Return
| Return on Equity | 18.91% |
|---|---|
| Return on Assets | 6.82% |
| Return on Invested Capital | 11.69% |
Valuation & Multiples
| P/E Ratio | 43.58 |
|---|---|
| PEG | -267.17 |
| Price to Sales | 5.23 |
| Price to Book Ratio | 7.74 |
| Enterprise Value to Revenue | 6.25 |
| Enterprise Value to EBIT | 36.28 |
| Enterprise Value to Net Income | 49 |
| Total Debt to Enterprise | 0.11 |
| Debt to Equity | 1.05 |
Revenue Sources
No data
Insider Trades
Last Earnings Call
Report Date
August 4, 2026
EPS Estimate
$3.08
Average shareholder expectationRevenue Estimate
$8.16 B
Average shareholder expectationNext Earnings Call
Expected Date
November 3, 2026
EPS Estimate
$3.54
Average shareholder expectationRevenue Estimate
$8.52 B
Average shareholder expectationInstitutional Put/Call Ratio
Market sentiment based on institutional option activity.
| Put/Call Ratio | 3.0000▲ 181.33% |
|---|---|
| Total Calls | 900▼ 99.97% |
| Total Puts | 2,700▼ 99.93% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 0.46%▼ 85.42% |
|---|---|
| Total Invested | $761.74M▼ 99.46% |
| Investors Holding | 145▼ 2615.00% |
ESG Score
No data
About Eaton Corporation plc
97,000 employees
CEO: Craig Arnold Eaton Corp. Plc is a power management company, which provides energy-efficient solutions for electrical, hydraulic, and mechanical power. It operates through the following segments: Electrical Americas and Electrical Global; Aerospace, V...