Eaton Stock Soars 8%, Adding $11 Billion, As Record Sales And Raised Organic Growth Outlook Lift Shares
The power-equipment maker posted record third-quarter sales and margins and lifted its full-year organic growth forecast.
Eaton shares climbed 7.90% to $394.98 in Tuesday trading, as of 10:51 a.m. ET, after a record quarter. Sales of $8.9 billion rose 28%, and the company lifted its full-year organic growth forecast. The jump added about $11 billion in market value.
Record quarter, raised outlook
Eaton, which makes power management products for data center, utility, industrial, aerospace and vehicle markets, said organic growth is running above the high end of its guidance. It also reported record orders and backlog tied to data center demand.
A record $3.68 in adjusted earnings per share compares with $3.07 in the year-earlier quarter. Unadjusted EPS was $2.77.
Operating profit took a record 25.3% of sales at the segment level. Electrical backlog rose 46%.
Recovering part of a recent slide
The stock was on pace for its biggest one-day gain in at least 275 trading sessions, since Sept. 30, 2025. It entered Tuesday up about 15% for the year as of Monday's close, ahead of the S&P 500's gain of about 10%.
Still, shares had fallen 16% over the previous month and sat 20% below their highest close of the past year, set on Aug. 12.
In the prior quarter, revenue was $8.5 billion, up 21.4% from a year earlier, with net income of $821 million.
Fourth-quarter guide
Eaton guided fourth-quarter adjusted earnings per share to $4.05 to $4.15.
The fourth-quarter adjusted EPS range of $4.05 to $4.15 is the next marker the company has set for its results.
Sources
- Eaton Shares Rise as Q3 Earnings Beat Forecasts and Revenue Jumps 28% to Record $8.9 Billion — Yahoo Finance
- Eaton rises as earnings beat estimates, data center demand fuels growth (ETN:NYSE) | Seeking Alpha — seekingalpha.com
- Eaton (ETN) Reaffirms Dividend As AI Power Narrative Keeps Valuation In Focus — Yahoo Finance
- Eaton (ETN) Q3 Earnings and Revenues Top Estimates — Yahoo Finance
- Eaton: Q3 Earnings Snapshot — Associated Press
- The company's filing (Eaton Corp.) — SEC filing
- Eaton Corp. — Form 10-Q for the quarter ended 2026-06-30 (quarterly results) — SEC EDGAR
