Eaton Reports Record Q2 Sales and Raises Full-Year 2026 EPS Guidance

Eaton's stock surged after the company announced record Q2 earnings, with revenue reaching US$8.5 billion and adjusted earnings per share of US$3.15. The industrial and electrical equipment company also increased the midpoint of its full-year adjusted EPS guidance to US$13.50. Revenue grew 21% with organic growth of 14%, driven significantly by the Electrical Americas segment, which saw 18% organic growth. Data centers were highlighted as the strongest driver, with the US data center backlog at approximately 307 GW. Operating margins in Electrical Americas improved to 27.5%, attributed to pricing and factory productivity.