Share Eaton (ETN) Q3 2026 Earnings Review: Electrical demand lifts the profit outlook
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EatonETN · Specialty Industrial Machinery
ETN · November 3, 2026Before open · Since the previous regular close
+1.39%Session snapshot

Eaton (ETN) Q3 2026 Earnings Review: Electrical demand lifts the profit outlook

Earnings results

  • EPS beat 4.0%

    Actual: $3.68 adjusted · Cons.: $3.54

  • Revenue beat 4.9%

    Actual: $8.947B · Cons.: $8.53B

  • Guidance raised

    2026 adjusted EPS $13.70–13.80 vs $13.40–13.60; organic growth 13–15% vs 11–13%.

By Stocks To Buy Now AI ResearchPublished

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Exterior of an Eaton office building in Brossard, Quebec
Eaton office building in Brossard, Quebec, photographed in June 2024. Photo: Harrison Keely / Wikimedia Commons · CC BY 4.0 · Wikimedia-supplied thumbnail; displayed with a responsive crop.
THE CATALYST

What the company reported

Eaton raised its full-year growth and profit outlook as strong electrical demand and a larger order backlog strengthened its sales outlook. Organic sales growth of 19% and expanding electrical backlog support the higher outlook.

AT A GLANCE

Q3 2026 earnings recap

Eaton raised its full-year growth and profit outlook as strong electrical demand and a larger order backlog strengthened its sales outlook.

  • Adjusted profit per share of $3.68 beat the $3.54 consensus, while revenue of $8.95 billion exceeded the $8.53 billion forecast.
  • Sales rose 28%, including 19% growth excluding acquisitions and currency changes, showing that expansion extended beyond purchased businesses.
  • Eaton now expects 13–15% full-year organic sales growth and adjusted profit of $13.7–13.80 per share, up from 11–13% and $13.4–13.60.
  • Electrical backlog rose 46% from a year earlier, giving Eaton more orders to convert into future revenue as it expands capacity.
  • Record segment margins of 25.3% and $1.03 billion in free cash flow support investment, while the November 2 close values shares at 26.6 times the new adjusted profit midpoint.
  • Shares were about 1.1% above the prior close before open on November 3, with $358–365 support and $388–400 resistance worth watching.

The next test is converting record orders into profitable deliveries while managing acquisition integration, higher borrowing costs and potential customer delays.

THE VISUAL RESEARCH

Financials, technicals and earnings

Charts through Nov 2, 2026.

Financials
Technicals
Earnings & peers
WHAT TO WATCH

Technical setup and risks

Shares remain near recent October support after a pullback; order conversion and margins will determine whether the higher profit outlook is sustainable.

AI-assisted earnings research with verified issuer results. Charts use the stated completed session. Educational information; investing involves risk.

EXPLORE COMPANY RESEARCH

Eaton,: the full stock picture

Earnings history, financials, price action and peer comparisons — all below.
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EXPLORE THE COMPANY

Eaton, (ETN)

Explore earnings, price action, financials and industry comparisons.

Symbol
ETN
Sector
Industrials
Industry
Specialty Industrial Machinery
Instrument type
EQUITY

Profile information from our saved company catalog. This is not a live quote or confirmation of current listing status.

EARNINGS & COMPANY RESEARCH

ETN earnings, valuation & price action

View in calendar ↗
NEXT EXPECTED REPORTNov 3 2026Before open · ET
EPS ESTIMATE3.54
REVENUE ESTIMATE8.53B

Expected dates may change. Estimates use the source’s reporting currency. Quotes and research are snapshots, not live prices.

COMPANY RESEARCH · Industrials

Eaton Corporation plc ETN

Electrical Equipment & Parts · Updated 11/2/2026

Adjusted closing price · USD366.07 Nov 2
307361415469Oct 30May 4Nov 2
Price50-day average200-day average-3.4% in view
VALUATION & EXPECTATIONS
Trailing P/E37.4×
Forward P/E26.9×
Trailing P/S4.8×
Forward P/S4.3×
EPS beat rate100%
Revenue beat rate50%
Positive window25%

EPS beats: 8 of 8 comparable reports. Positive price windows: 2 of 8.

Market caps may be up to 14 days old; prices up to seven days old; ratios and analyst estimates up to fourteen days old. Forward multiples use consensus for the fiscal year ending 2026-12-31, not the next 12 months. Negative or unavailable earnings multiples show “N/A”. Forward ADR multiples are omitted when the currency/share basis is not reconciled.

50-day average410.07
200-day average395.84
RSI (14)36
20-day range366.11 – 445.09
Relative volume1.3×
1-year change-3.4%
Last eight reported earnings for ETN
Report dateEPS estimateEPS actualSurpriseResultRevenue actualPrice window*5 sessions*
Jul 31 20263.073.15+2.6%Beat8.53B+13.3%+16.3%
May 5 20262.732.81+2.9%Beat7.45B-0.2%-4.7%
Feb 3 20263.313.33+0.6%Beat7.06B+1.5%+5.0%
Nov 4 20253.053.07+0.7%Beat6.99B-0.3%-4.6%
Aug 5 20252.932.95+0.7%Beat7.03B-6.9%-5.3%
May 2 20252.712.72+0.4%Beat6.38B-0.7%+3.1%
Jan 31 20252.822.83+0.4%Beat6.24B-3.6%-4.3%
Oct 31 20242.802.84+1.4%Beat6.35B-2.3%+5.5%

*Adjusted close before the report date to the first (or fifth) trading close after it. This window can span two sessions and is not an isolated earnings-day return. Figures may be revised by the provider.

Smart Money activity

Recent insider and politician transactions, and disclosed fund positions for ETN.

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More ETN research Data,

ETN earnings previews and market catalysts

Eaton earnings preview: can electrical demand lift profits on November 3?
2026-11-02 · Eaton’s November 3 earnings will test electrical order conversion, margins and cash flow after strong demand. Compare its last two quarters with Vertiv’s recent results and completed charts.

Top Market Events to Watch This Week (November 2–6, 2026 | U.S. Eastern Time)
2026-11-01 · Jobs data, U.S. midterm elections and business surveys shape the week, alongside Apple, AMD and other earnings. Watch how demand, costs and company guidance change the outlook for stock prices.

All upcoming earnings catalysts →

02 / FINANCIALS

Eaton, financials

Revenue, earnings, cash flow and financial strength in one view.

Reporting currency unconfirmed.

Revenue
Net income
Gross profit
Operating income
EBITDA
Operating cash flow
Capital expenditure
Cash
Total assets
Total liabilities
Shareholder equity
Total debt
Net profit margin
Gross margin
Short interest: days to cover
How to read these financial metrics

Figures use the app’s saved statements for the displayed period, not a trailing-year total. Margins divide profit by revenue; quick ratio uses current assets less inventory divided by current liabilities. Compare dates and currencies before comparing companies.

03 / WHAT COMES NEXT

Eaton, event catalysts

Company earnings and scheduled market events that may change expectations.

2026-11-03

ETN earnings

Watch reported results, management’s outlook and the share-price reaction.

See earnings expectations ↑
2026-11-0310:00 AM ET

JOLTS job openings

Watch vacancies and quits for signs of labor-market cooling.

Release schedule ↗Scheduled
2026-11-0410:00 AM ET

ISM services PMI

Services prices and employment can influence the outlook for inflation and rates.

Release schedule ↗Scheduled
2026-11-058:30 AM ET

Initial jobless claims

Use the multiweek trend to distinguish normal volatility from a sustained increase in layoffs.

Release schedule ↗Scheduled
2026-11-068:30 AM ET

Jobs report · payrolls & unemployment

Read revisions and wages alongside the headline. Strong hiring can support demand but also lift rate expectations.

Release schedule ↗Scheduled
2026-11-0610:00 AM ET

Consumer sentiment · preliminary

Watch changes in inflation expectations as well as sentiment.

Release schedule ↗Scheduled
2026-11-108:30 AM ET

CPI inflation

Compare headline and core inflation with expectations; watch Treasury yields and growth stocks.

Release schedule ↗Scheduled
2026-11-11Time not announced

MSCI · index review announcement

Review official additions, deletions and weight changes; release time is not specified here.

Release schedule ↗Scheduled
2026-11-128:30 AM ET

Initial jobless claims

Use the multiweek trend to distinguish normal volatility from a sustained increase in layoffs.

Release schedule ↗Scheduled

Dates use U.S. Eastern time and can change. Calendar events provide context; they do not determine the direction of a stock move.

04 / SIDE BY SIDE

Compare ETN with its peers

Electrical Equipment & Parts · Compare valuation, financial strength and price performance.

Companies with valuation data3
Peer median positive P/E28.0×
ETN P/E37.4×
ETN peer comparison: valuation
CompanyPriceMarket capP/EForward P/EP/SForward P/S
ETNEaton,2026-11-02 · USD366.07143.32B37.4×26.9×4.8×4.3×
ABBNYABB Ltd
HUBBHubbell Incorporated2026-10-30 · USD422.4423.55B26.3×20.6×3.8×3.4×
LGRDYLegrand S.A.
MIELYMitsubishi Electric Corp. Unsponsored ADR
NEXNYNexans S.A.
NVTnVent Electric plc2026-11-02 · USD123.8920.16B29.7×24.0×3.8×3.6×
ETN37.4×
HUBB26.3×
NVT29.7×

The peer median excludes the selected stock and is based on 2 available positive multiples. P/E median excludes negative or missing earnings multiples. Peer reports can have different fiscal periods and currencies; values are not currency-converted.

05 / PEER ANALYSIS

Explore ETN alongside its peers

Specialty Industrial Machinery · 22 companies · Cached market data

Comparison

Compare companies

Tap a bubble to inspect a company, then × to hide it. Undo restores the last company hidden. Bubble area reflects market cap, with a minimum size for visibility.

Price / sales
2.7×03.9×89.64B5.1×179.28B6.3×268.92BGEV · GE Vernova Market cap: 241.95B Price / sales: 5.8×PH · Parker-Hannifin Market cap: 112.64B Price / sales: 5.2×IR · Ingersoll Rand Market cap: 30.49B Price / sales: 3.8×DOV · Dover Market cap: 26.55B Price / sales: 3.2×IEX · IDEX Market cap: 17.19B Price / sales: 4.8×ETN · Eaton Corporation plc Market cap: 143.32B Price / sales: 4.8×Hide ETN · Undo restores itMarket cap
ETNEaton Corporation plc

Market cap: 143.32B
Price / sales: 4.8×

Valuation snapshot: 2026-11-02
View research ↗
6 of 22 companies have both plotted values.

P/S distribution

Trailing price-to-sales multiples · 6 companies

Median P/S4.8×
Middle 50%4.1× to 5.1×
ETN P/S4.8×
ETN
2.8×6.1×

Tap a bar to see the companies in that P/S range. ETN has a higher P/S than 33% of this group.

16 companies excluded from P/S statistics because sales are non-positive or the saved multiple is missing. Statistics include all valid positive values, including those outside the focused chart range.

Companies

Showing 8 of 22 matching companies · Largest market cap first

  • Market cap 241.95BP/E 25.8×P/S 5.8×Forward P/E Forward P/S Price snapshot: 2026-11-02
    ↗
  • Market cap 143.32BP/E 37.4×P/S 4.8×Forward P/E Forward P/S Price snapshot: 2026-11-02
    ↗
  • Market cap 112.64BP/E 30.9×P/S 5.2×Forward P/E Forward P/S Price snapshot: 2026-11-02
    ↗
  • Market cap 89.53BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 86.73BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗
  • Market cap 83BP/E P/S Forward P/E Forward P/S Catalog snapshot
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  • Market cap 55.87BP/E P/S Forward P/E Forward P/S Catalog snapshot
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  • Market cap 53.52BP/E P/S Forward P/E Forward P/S Catalog snapshot
    ↗

Explore industries

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U.S.-listed companies from the app’s catalog. Medians use saved positive P/E values; coverage and snapshot dates vary.

How this comparison works

Uses the saved companies from the same industry and listing market, including ETN, ordered by cached market cap. Company snapshots can have different dates; the web cache may cover fewer metrics and periods than the app.

Periods end at each company’s dated price snapshot. Change compares the latest saved observation with one at or before the selected period’s start. A daily price change uses consecutive saved sessions. Financial data updates quarterly, so short periods may show no change. Missing history and zero starting values are excluded; a negative starting value uses its absolute value as the denominator.

Metrics use saved ratios and percentages. Market caps use the listing market’s reporting currency; underlying financial statements may use different currencies. Circle sizes have a minimum for touch visibility, and an outlined circle indicates a missing market cap. These comparisons describe data, not recommendations or price predictions.

Related research

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INDUSTRY COMPARISON

ETN industry peers

Electrical Equipment & Parts · Oct 16, 2026 · Closing-price performance

No industry peers are available in the current heatmap coverage.