Eaton Q2 sales beat on higher demand from data centers
ETN•Q2 results beat expectations
Eaton said second-quarter sales rose 21% to $8.53 billion, topping analyst expectations of $8.13 billion.
Adjusted earnings per share were $3.15, also above the consensus estimate of $3.07.
The company reported adjusted net income of $1.23 billion, compared with an estimate of $1.20 billion. Net income was $823 million. Organic growth for the quarter was 14.0%.
Guidance raised and Mobility separation planned
Eaton raised its full-year 2026 organic growth guidance to 11% to 13%.
The company expects 2026 adjusted EPS of $13.40 to $13.60 and segment margins of 24.1% to 24.5% for the full year.
Eaton also said it plans to separate its Mobility business via a Reverse Morris Trust, with closing expected in Q1 2027.
Wall Street's median 12-month price target for Eaton was $473.00, about above the July 30 closing price of . The stock recently traded at next-12-month earnings, versus three months ago.
