Eaton Corp (ETN) Company Report

Record Q4 sales of $7,055 M (up 13% YoY) and adjusted EPS of $3.33 (up 18% YoY) driven by broad-based segment growth.
Electrical Americas data-center orders surged ~200% and revenue rose ~40% versus Q4 2024; combined book-to-bill was 1.1 and backlog grew 31% in Electrical Americas.
Completed 2025 acquisitions (Fibrebond, Resilient Power Systems, Ultra PCS) and announced the spin-off of the Mobility business—expected by end of Q1 2027 and tax-free to shareholders—to streamline operations and unlock value.
2026 guidance calls for adjusted EPS of $13.00–$13.50, organic growth of 7–9%, and an operating margin of 24.6–25.0%.

1 day ago

Presentation

Eaton reports Q4 2025 results

ETN

Earnings

Guidance Update

M&A

$7.1 billion Q4 revenue; organic growth +9%; adjusted EPS of $3.33, up 18% y/y; segment margin at record 24.9%
Electrical Americas trailing-12-month orders +16%; backlog +31% to $13.2 billion; data center orders +200% and sales +40% y/y
2026 guidance: organic growth 7–9%; segment margins 24.6–25%; adjusted EPS $13–13.50 (+10%); cash flow $3.9–4.3 billion; Q1 organic growth 5–7%, margins 22.2–22.6%
$13 billion in 2025 strategic investments via Fibrebond, Resilient Power Systems, Ultra PCS and Boyd Thermal; announced spin-off of mobility business (~$3 billion revenue)

1 day ago

Transcript

Eaton reports Q4 2025 results

ETN

Earnings

Guidance Update

M&A

Generated $7.1 billion in Q4 revenue (organic growth of 9%), with adjusted EPS of $3.33 (+18%) and a segment margin of 24.9% (+20 bps).
Maintained robust demand: Electrical Americas backlog rose 31% yoy to $13.2 billion and total electrical backlog reached $19.6 billion (+29%).
Provided 2026 guidance for 7%–9% organic revenue growth (Electrical Americas at 10% midpoint), segment margins of 24.6%–25%, adjusted EPS of $13.00–$13.50 (up 10%), and a flat share count.
Announced $13 billion of 2025 strategic investments, including acquisitions of Fibrebond, Resilient Power Systems, Ultra PCS, Boyd Thermal, and the intent to spin off the mobility business.
Investing $1.5 billion in Electrical Americas capacity expansion; related ramp-up costs pressured margins in Q4/Q1 but remain on plan for multi-phase project completions and long-term growth.

1 day ago

Transcript

Eaton reports Q4 2025 results

ETN

Earnings

Guidance Update

M&A

Delivered $7.1 B in Q4 revenue with 9% organic growth, $3.33 adjusted EPS (+18%), and a record segment margin of 24.9%.
Electrical Americas orders up 16% on a trailing-12-month basis with backlog of $13.2 B (+31% y/y) and 29.8% operating margin; Aerospace posted 12% organic sales growth, 24.1% margin, and 16% backlog growth.
2026 guidance: 7–9% organic growth, segment margins of 24.6–25.0%, adj. EPS $13.00–13.50, free cash flow $3.9–4.3 B, and no share buybacks.
Announced $13 B of 2025 investments including Fibrebond, Resilient Power Systems, Ultra PCS, Boyd Thermal, and intent to spin off the Mobility business into a standalone public company.

1 day ago

Transcript

Eaton reports Q4 2025 results

ETN

Earnings

M&A

Guidance Update

Fourth quarter record net sales of $7.1 billion, up 13% year-over-year, and EPS of $2.91, up 19%, with adjusted EPS of $3.33, up 18%.
Q4 operating cash flow of $2.0 billion (+23% YoY) and free cash flow of $1.6 billion (+17% YoY).
Orders and backlog growth: twelve-month rolling average order acceleration of +16% in Electrical Americas and +11% in Aerospace; backlog up 29% in Electrical and 16% in Aerospace.
Corporate actions: agreed to acquire Boyd Thermal for $9.5 billion, acquired Ultra PCS for $1.55 billion, and announced a spin-off of its Mobility business by end of Q1 2027.
FY2026 guidance: EPS of $11.57–$12.07 (+13% at midpoint) and adjusted EPS of $13.00–$13.50 (+10% at midpoint).

1 day ago

8-K

Eaton reports record Q4 2025 results and issues 2026 guidance

ETN

Earnings

Guidance Update

Revenue Acceleration/Inflection

In Q4 2025, Eaton delivered EPS of $2.91 (adjusted $3.33), up 19% and 18% year-over-year, marking fourth-quarter records.
Sales reached $7.1 billion, up 13% from Q4 2024, driven by 9% organic growth.
Backlog grew 29% in Electrical and 16% in Aerospace, with a book-to-bill ratio of 1.1 and segment margins of 24.9%, a Q4 record.
For full-year 2026, Eaton forecasts EPS of $11.57–$12.07 (adjusted $13.00–$13.50) and organic growth of 7–9%.

1 day ago

Press Release

Eaton expands modular data center offering for AI factory deployments

ETN

Product Launch

New Projects/Investments

Eaton partners with Flexnode to deliver modular, scalable rack and power infrastructure optimized for AI workloads, enabling grid-to-chip data center solutions.
The modular systems reduce data center deployment schedules by 35% on average and minimize onsite labor requirements.
Eaton led Flexnode’s Series A funding round to accelerate the development of its prefabricated data center modules.
The turnkey solution supports high-density data halls from 3.5 to 35 megawatts, integrating Eaton’s 800 VDC power technology with Flexnode’s modular construction.

7 days ago

Press Release

Eaton announces Mobility Group spin-off

ETN

M&A

Eaton will spin off its Mobility Group (Vehicle and e-Mobility segments) into a publicly traded independent company in a tax-free transaction expected to close by end of Q1 2027.
The separation is designed to sharpen focus on Eaton’s core Electrical and Aerospace businesses while enabling Mobility to pursue growth and capital allocation independently.
The Mobility business, valued at about $5 billion, reported $639 million in Q3 2025 vehicle-unit sales, down 8% year-over-year.
Following the announcement, shares—recently down 5.8% over the prior 12 months—rose 2.7% in premarket trading; Eaton paid $9.5 billion for Boyd Thermal in 2025 to target AI data-center demand.

Jan 26, 2026, 11:41 AM

Bloomberg

Eaton announces plan to spin off Mobility Group

ETN

M&A

Eaton will separate its Vehicle and eMobility segments into an independent, publicly traded Mobility Group to sharpen focus on its core Electrical and Aerospace businesses.
The transaction underpins Eaton’s 2030 growth strategy, prioritizing higher-growth, higher-margin operations driven by electrification, digitalization and aerospace megatrends.
The spin-off is expected to be immediately accretive to Eaton’s organic growth and operating margin upon closing.
Completion is targeted by end of Q1 2027, subject to customary regulatory and board approvals, and structured to be tax-free for U.S. shareholders.

Jan 26, 2026, 11:40 AM

8-K

Eaton announces spin-off of Mobility Group

ETN

M&A

Eaton will separate its Mobility Group (Vehicle and eMobility segments) into an independent, publicly traded company to sharpen focus on core Electrical and Aerospace businesses and support its 2030 growth strategy.
The spin-off is expected to be completed by end of Q1 2027, subject to customary regulatory approvals and board authorization, and will be tax-free to U.S. shareholders.
Upon closing, the separation is projected to be immediately accretive to Eaton’s organic growth and operating margin.
Mobility supplies engineered power solutions for commercial vehicle, automotive and off-highway OEMs, with leading positions in truck transmissions, clutches and high-voltage EV fuses.

Jan 26, 2026, 11:30 AM

Press Release

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Earnings Transcripts

Quarterly earnings call transcripts for Eaton Corp.

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Eaton Corp (ETN)

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