Eaton raises 2026 guidance after record Q2 revenue and margin beat

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โดย The Motley Fool·US·Read original
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Eaton Corporation reported record second-quarter revenue of $8.5 billion, a 21% increase, and raised its full-year organic growth and adjusted EPS guidance. Organic sales growth was 14%, or 16% excluding the Mobility segment, while adjusted EPS of $3.15 exceeded the midpoint of management's guidance by $0.10. The company now expects fiscal 2026 organic growth of 11% to 13%, up from 9% to 11%, and adjusted EPS of $13.40 to $13.60, with a midpoint of $13.50. Electrical Americas revenue reached a record $4.0 billion with 18% organic growth and a 27.5% operating margin, improving 190 basis points sequentially. Electrical Global revenue surged 44% to $2.5 billion, including 18% organic growth and a 25% contribution from the Boyd Thermal acquisition. Aerospace revenue rose 13% to $1.2 billion, while Mobility organic sales declined 2% due to an intentional exit from low-margin business lines. The company's total electrical backlog increased 43% year over year, and U.S. data center backlog reached 307 gigawatts, equivalent to 15 years of backlog at 2025 build rates. Eaton also confirmed the planned separation of its Mobility business through a Reverse Morris Trust transaction as part of a portfolio transformation focused on higher-margin Electrical and Aerospace segments.

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