nVent Q2 sales beat estimates on data center demand; raises outlook
NVT•Outlook
- nVent raises full-year 2026 sales growth guidance to 37-39%, organic sales growth to 32-34%
- Company expects full-year 2026 EPS of $4.29-$4.39 GAAP, adjusted EPS of $5.00-$5.10
- nVent sees Q3 2026 sales growth of 32-35% and EPS of $1.18-$1.21 GAAP, $1.35-$1.38 adjusted
Overview
- UK electrical connection supplier's Q2 sales rose 53%, beating analyst expectations
- Adjusted EPS for Q2 climbed 69%, beating analyst expectations
- Company raised full-year 2026 sales and EPS guidance on strong data center demand
Key Details
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Sales | Beat | $1.50 bln | $1.26 bln (15 Analysts) |
| Q2 Adjusted EPS | Beat | $1.45 | $1.16 (16 Analysts) |
| Q2 EPS | $1.32 | ||
| Q2 Free Cash Flow | $167 mln | ||
| Q2 Operating Income | $301 mln |
Analyst coverage on the shares is "buy" on average, with 17 "strong buy" or "buy" ratings, 1 "hold" and no "sell" or "strong sell" ratings. The average consensus recommendation for the electrical components & equipment peer group is also "buy".
Wall Street's median 12-month price target for nVent Electric PLC is $190.00, about 31.2% above its July 30 closing price of $144.80. The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 27 three months ago.
