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Eaton Corporation ETN Q1 2026 earnings

Reported May 5, 2026 · Before market open

Revenue$7.5BBeat by $307.3M
EPS$2.81Beat by $0.08
Revenue estimate$7.1B
EPS estimate$2.73
“Strong demand across our markets drove solid first quarter performance, highlighted by order strength, backlog growth and our team’s continued discipline and focus on operational execution. In Electrical Americas, we achieved strong organic growth while advancing significant capacity expansion investments to meet demand. Electrical Global also continues to outperform, and Aerospace delivered strong backlog growth and segment profit. Mobility delivered solid operational performance in a challenging market, and we remain on track toward its Q1 2027 planned spin-off into an independent, publicly traded company. We've taken bold actions to shape the portfolio, deliver the solutions our customers need and position ourselves to meet or exceed our 2030 targets.”
Paulo Ruiz

Next report

Nov 3, 2026 (in a month)
Revenue estimate$8.5B
EPS estimate$3.53

Financials

Q1 2026

Income statement

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Revenue$7.5B+16.8%
Gross profit$2.7B+8.4%
Net income$866.0M-10.2%
EPS (diluted)$2.22-9.4%

Balance sheet

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Cash & equivalents$565.0M-68.2%
Total debt$3.2B-64.6%
Total equity$19.7B+6.6%
Total assets$55.1B+40.5%

Cash flow

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Operating cash flow$507.0M+113%
CapEx$193.0M+31.3%
Free cash flow$314.0M+245%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$138.77B+30.3%
Enterprise value$141.42B+24.3%
P/E34.8×+7.7×
P/S4.9×+0.7×

Profitability

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Gross margin36.9%-1.6pp
Net margin14%-1.6pp
FCF margin13.2%+0.1pp

Returns & leverage

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Return on equity20.9%0.0pp
Debt / equity0.2×-0.3×
Current ratio1.2×-0.1×

Segments

By segment

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Electrical Americas$3.6B+19.6%
Electrical Global$1.9B+20.8%
Aerospace$1.1B+16.3%
Mobility$766.0M-1.7%

By product

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Systems$3.5B+18.0%

FAQ

When did Eaton Corporation report Q1 2026 earnings?
Eaton Corporation (ETN) reported Q1 2026 earnings on May 5, 2026 before market open.
What were Eaton Corporation's Q1 2026 revenue and EPS?
Eaton Corporation reported revenue of $7.5B and eps of $2.81 for Q1 2026.
Did Eaton Corporation beat estimates in Q1 2026?
Revenue beat the consensus estimate of $7.1B by $307.3M. EPS beat the consensus estimate of $2.73 by $0.08.
How did Eaton Corporation's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 16.8% from $6.4B a year earlier and eps grew 3.3% from $2.72.
Where can I find Eaton Corporation's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001551182-26-000010) and the 10-Q periodic report (0001551182-26-000013) directly on SEC EDGAR. The filing index links above go to sec.gov.