Eaton Corporation plc
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+ FollowMarket Cap$132.84B
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Earnings Call Q3 2026
November 3, 2026 - AI Summary
Q3 performance was exceptionally strong (beats guidance across key metrics): Revenue hit a *record $8.9B (+28% YoY)*; organic growth 19%; adjusted EPS $3.68 (all-time record, *+$0.17 above guidance midpoint*). Segment margins hit all-time record 25.3%; incremental margins stepped up to 26% in Q3. Total electrical segments: *24% organic growth* and *26.4% margins* (+190 bps vs Q2).
Strong demand signals + execution converting capacity into earnings: Electrical Americas organic growth *accelerated to 22%* with margins 29.8% (+230 bps vs Q2). Demand breadth beyond data centers: Americas mega-project announcements +85% YTD, negotiations pipeline +55% YTD, backlog +33% to record, and orders +39% (12-month) with book-to-bill 1.3. Management repeatedly emphasized that *capacity ramp is now translating into output and earnings* (“steepest part of ramp behind us”).
2026 guidance raised again (3rd raise of the year) — investors should focus on sustained electrical momentum: Company now expects 2026 organic growth 13%–15% (midpoint 14%), *up 200 bps* from prior guidance; adjusted EPS $13.70–$13.80 (midpoint $13.75). Q4 outlook and reaffirmed cash flow expectations were highlighted; Electrical Global guidance also improved (and management cited structural drivers). Segment guidance range was reaffirmed at 24.1%–24.5% total segment guidance.
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$157.60
56.1% downside
Current Fair Value
56.1% downsideOvervalued by 56.1% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $132.84 Billion |
|---|---|
| Enterprise Value | $153.24 Billion |
| Annual dividend | $4.34 |
| Dividend yield | 1.27% |
| Earnings per Share | $10.49 |
| Beta | 1.14 |
| Outstanding Shares | 388,600,000 |
Return
| Return on Equity | 18.58% |
|---|---|
| Return on Assets | 6.78% |
| Return on Invested Capital | 12.19% |
Valuation & Multiples
| P/E Ratio | 34.07 |
|---|---|
| PEG | 506.04 |
| Price to Sales | 4.38 |
| Price to Book Ratio | 6.65 |
| Enterprise Value to Revenue | 4.79 |
| Enterprise Value to EBIT | 28.26 |
| Enterprise Value to Net Income | 39 |
| Total Debt to Enterprise | 0.14 |
| Debt to Equity | 1 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 3, 2026
EPS
$3.68
Est. $3.54Revenue
$8.95 B
Est. $8.53 BNext Earnings Call
Expected Date
February 2, 2027
EPS Estimate
$4.11
Consensus analyst estimateRevenue Estimate
$8.80 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.83, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.8272▼ 35.95% |
|---|---|
| Total Calls | 140,600▼ 95.72% |
| Total Puts | 116,300▼ 97.02% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 13.78%▼ 72.11% |
|---|---|
| Total Invested | $22.97B▼ 83.76% |
| Investors Holding | 1,660▼ 1106.00% |
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...