Eaton's revenue re-accelerated to $8.9B in Q3 2026, up 28.0% year over year, suggesting strong demand for its electrical products and a constructive growth outlook.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue reached $8.9B in Q3 2026, a 28.0% year-over-year gain, yet the 17.8% operating margin remains below the 19% to 21% range of 2024 and 2025, suggesting growth is not yet translating into margin recovery.
Eaton's electrical portfolio, accounting for 70% of revenue, is poised for growth with a 200% increase in data center orders and a record backlog of $19.6 billion.
Eaton's operations across multiple segments and strategic acquisitions enhance its competitive advantages and financial stability.
Eaton has a strong return on equity and recently declared a quarterly dividend of $1.10 per share, indicating a commitment to shareholder value.
Eaton's stock may be overvalued based on its P/E ratio, with DCF models suggesting it trades at a premium to intrinsic value.
Eaton's reliance on AI data center spending and large infrastructure projects poses a risk if these sectors experience a slowdown.
Eaton faces market volatility and increased competition, which could negatively impact customer demand and financial performance.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 3, 2026 | $3.68+4.0% vs $3.54 | $8.9B+4.9% vs $8.5B |
Q3 2026 Jul 31, 2026 | $3.15+2.6% vs $3.07 | $8.5B+4.6% vs $8.2B |
Q2 2026 May 5, 2026 | $2.81+2.9% vs $2.73 | $7.5B+4.3% vs $7.1B |
Q1 2026 Feb 3, 2026 | $3.33+0.6% vs $3.31 | $7.1B-0.5% vs $7.1B |
Eaton Corporation ETN is poised to benefit from rising investments in electrical infrastructure, data centers and grid modernization. Its record order backlog provides substantial revenue visibility, but can the company effectively convert this demand into sustained sales growth and earnings expansion?
What happened Eaton Corporation plc (NYSE: ETN) booked record third-quarter sales of $8.9 billion, up 28% from a year earlier. Net income rose only 6.7%. Sales climbed by $1.96 billion from $6.99 billion in the third quarter of 2025. Net income attributable to Eaton ordinary shareholders was $1.08 billion, against $1.01 billion a year earlier.
Eaton CEO Paulo Ruiz raises 2026 growth guidance and projects stronger 2027 demand, with Boyd Thermal's expanding revenues and electrical backlog fueling optimism.
Boyd Thermal extends Eaton's reach from power distribution into chip cooling, a move that is already outperforming expectations.
Benchmark ETN against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Eaton Corporation plc (ETN)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $341.72 | $132.69B | 32.67 | 10.33% | 14.9% | 21.52% | 1.22% | |
| $162.35 | $90.93B | 40.19 | 3% | 13.83% | 12.68% | 1.3% | |
| $220.05 | $69.74B | 14.95 | 7.85% | 22.96% | 33.33% | 4.21% | |
| $375.86 | $41.82B | 49.00 | 0.97% | 13.38% | 32.94% | 1.39% | |
| $917.79 | $115.72B | 107.47 | -71.01% | 16.97% | 25.1% | 0.8% | |
| $82.99 | $32.48B | 57.23 | 5.75% | 17.2% | 13.44% | 0.1% |
Eaton Corporation plc (ETN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Eaton Corporation plc (ETN) SEC filings — annual & quarterly reports (10-K, 10-Q)
Nov 3, 2026·SEC
Oct 16, 2026·SEC
Jul 31, 2026·SEC
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Eaton Corporation plc (ETN) stock FAQ — growth, dividends, profitability & financials explained
Eaton Corporation plc (ETN) reported $31.98B in revenue over the trailing twelve months. Revenue was $27.45B in fiscal year 2025. That is 294% more than the $6.96B of fiscal year 1996.
Eaton Corporation plc (ETN) grew revenue by 10.3% in fiscal year 2025, compared with the prior fiscal year.
Yes. Eaton Corporation plc (ETN) earned $3.90B in net income over the trailing twelve months (a 12.2% net margin).
Yes. Eaton Corporation plc (ETN) pays a dividend that yields 1.22% at the current price, a moderate yield.
Eaton Corporation plc (ETN) had a return on equity (ROE) of 21.5% in fiscal year 2025. That is well above the market's typical 10-15%.
Eaton Corporation plc (ETN) generated $4.37B in free cash flow over the trailing twelve months.
