Eaton Corp plc is expected to release its Q3 2026 10-Q filing in the upcoming earnings season. Last quarter: Eaton Corporation reported strong Q2 FY2026 revenue growth of 21.4% to $8.53B driven by data center megatrends and strategic acquisitions, although GAAP net income fell 16.4% to $821M due to acquisition expenses, higher interest costs, and cost inflation.
Drawn from management commentary in the Q2 2026 10-Q:
On June 10, 2026, Eaton entered into definitive agreements with Dana Incorporated to separate its Mobility business and combine it with Dana in a Reverse Morris Trust transaction expected to close in Q1 2027, yielding an expected $1.1B cash distribution to Eaton prior to completion.
Eaton completed significant acquisitions to strengthen its power management and aerospace capabilities, including Ultra PCS for $1.53B in January 2026 and Boyd Thermal for $9.55B in March 2026, contributing 7% to consolidated sales growth in Q2 FY2026.
Electrical Americas net sales grew 18% to $3.95B with backlog expanding 33% YoY to $15.18B (1.3x book-to-bill), while Electrical Global sales jumped 44% to $2.52B with backlog up 103% to $3.60B, propelled by robust data center and machine OEM demand.
Revenue
$8.53B
+21.39% YoY
EPS (Diluted)
$2.11
-15.94% YoY
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