Eaton Corp plc is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Eaton Corporation posted strong Q1 2026 revenue growth of +16.8% to $7.45B, but net income fell 10.2% to $866M as cost pressures and a major acquisition dramatically reshaped the balance sheet, doubling long-term debt to $18.6B.
Drawn from management commentary in the Q1 2026 10-Q:
Q1 2026 revenue reached $7.45B, up 16.8% year-over-year from $6.38B, reflecting strong demand across Eaton's diversified industrial and electrical segments, likely augmented by acquisition activity evidenced by the significant balance sheet expansion.
Cost of revenue grew 22.1% YoY to $4.80B, outpacing revenue growth of 16.8%, while SG&A surged 21.1% to $1.27B, collectively compressing net margin to 11.6% from approximately 15.1% in the prior-year period.
Total assets surged 40.5% YoY to $55.1B from $39.2B, while long-term debt doubled (+100.7%) to $18.6B from $9.3B, and investing cash outflows reached -$11.4B versus +$1.2B in Q1 2025, strongly indicating a large acquisition was completed during the quarter.
Revenue
$7.45B
++16.84% YoY
EPS (Basic)
$2.23
-9.35% YoY
Add ETN to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.