Eaton Q3 Earnings Call Highlights

Vertiv (VRT) fell 9% after Democrats won Congress, raising concerns about data center construction. Analysts expect Vertiv's EPS to more than double by 2027, and Applied Digital (APLD) has $36B in signed leases. GE Vernova (GEV) and Eaton (ETN) also declined, despite strong recent earnings. Bernstein views the selloff as overdone, citing continued demand for Vertiv's products.

AMETEK (AME), Eaton (ETN), and Dover (DOV) reported record Q3 results. AMETEK's sales hit $2.22B, EPS $2.21, raising FY guidance to $8.53-$8.57. Eaton's revenue rose 28% to $8.95B, EPS $3.68, with strong AI-driven demand. Dover saw 16% order growth, EPS $2.88, and narrowed FY EPS guidance to $10.60-$10.75. All companies increased dividends, with low payout ratios.

Mizuho maintained an Outperform rating and $485 price target for Eaton (NYSE:ETN) after its Q3 results. Eaton reported $8.95B revenue (up 28% YoY) and $3.68 EPS, beating estimates. The company raised its 2026 EPS guidance to $13.70-$13.80 and increased organic growth guidance to 13-15%. Mizuho also raised its EPS estimates for 2026-2028. Eaton's stock is valued at $152B with a P/E ratio of 39.8, but InvestingPro analysis suggests it is overvalued.

Eaton Corp PLC (ETN) reported Q3 2026 earnings with record revenue of $8.9B, organic growth of 19%, and adjusted EPS of $3.68. The company raised full-year guidance, citing strong demand and backlog growth. Challenges include commodity cost headwinds and supply chain issues in the aerospace segment. Eaton discussed progress in DC power solutions and modular data center capabilities. Management expects continued growth in 2027, with improved incremental margins.

Eaton (ETN) reported Q3 2026 earnings with 22% organic growth, 29.8% margins, and raised guidance. Electrical Global grew 27%, and demand is strong across end markets. The company increased its organic growth outlook to 14% and adjusted EPS to $13.75. Boyd Thermal's acquisition is expected to boost data center infrastructure growth.

Eaton reported strong Q3 results with revenue up 28% YoY to $8.95B, beating estimates. Adjusted EPS rose 20% to $3.68. Data center revenues surged 65% YoY. Management raised its full-year outlook, citing strong demand. Shares rose 7% in afternoon trading. The company's Electrical segments drove growth, while Aerospace missed revenue estimates. CEO Paulo Ruiz highlighted robust backlog and future growth prospects.