Eaton shares rose 7.50% from the previous day to $415.89 on August 1, as the company disclosed in an SEC 8-K filing that second-quarter revenue hit a record $8.5 billion, with adjusted EPS of $3.15 beating market expectations.
📊 Price at time of writing (August 1, 2026, 03:01 KST)
$415.89 ▲ +7.50%
≈ ₩598,050 (KRW/USD 1,438)
Q2 Earnings at a Glance
Eaton's second-quarter revenue rose 21% year-over-year, with organic growth contributing 14 percentage points and M&A effects adding 7 percentage points. Segment operating margin came in at 23.1%, topping the high end of the company's guidance by 0.1 percentage point, though it was down 0.8 percentage point from a year earlier. The company also announced an agreement to spin off its Mobility segment into a separate company, with the deal expected to close in the first quarter of 2027.
- Revenue: $8.5 billion, +21% year-over-year (14pp organic growth + 7pp from M&A)
- EPS: $2.11 (GAAP); adjusted EPS of $3.15 beat the consensus estimate of $3.07 by 8 cents
- Operating cash flow: $1.1 billion (+23% YoY) / Free cash flow: $874 million (+22%)
Next Quarter Outlook
The company projected third-quarter revenue growth of 13.5% to 15.5% year-over-year, with segment operating margin expected at 24.6% to 25.0%. Q3 EPS is forecast at $2.77 to $2.87, with adjusted EPS at $3.46 to $3.56. The company raised its full-year organic revenue growth forecast to 11%–13%. Full-year EPS is guided at $10.36 to $10.56, with adjusted EPS at $13.40 to $13.60 — a 12% increase at the midpoint on an adjusted basis. CEO Paulo Ruiz said, "Second-quarter organic growth drove solid performance in both revenue and earnings." He added, "In particular, margins improved sequentially in Electrical Americas, and we're seeing broad-based demand strength across all segments, including data centers."
Market Reaction
Eaton shares traded at $415.89, up 7.50% from the previous day, after the earnings release. Investing.com reported that adjusted EPS beat the consensus estimate by 8 cents and revenue also topped expectations. StockTitan reported that Electrical Global's order backlog surged 103% while new orders grew 33%.
Segment Breakdown
- Electrical Americas: Revenue of $4.0 billion, a record, with 18% organic growth
- Order backlog (YoY): Electrical segment overall +43%, Aerospace +28%
- Trailing-12-month average new order growth: Electrical Americas +41%, Electrical Global +33%, Aerospace +17%
This article was automatically generated based on the original SEC 8-K filing and foreign media reports, with the goal of delivering key data promptly after the announcement. Readers are advised to verify the company's official filing before making trading decisions. Prices reflect the time of writing and may differ from current levels.
