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Sentiment · FY2026 Q2
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Chris Snyder | Morgan Stanley | 12 (25%) |
| Deane Dray | RBC Capital Markets | 12 (0%) |
| Andrew Obin | Bank of America | 11 (0%) |
| Nigel Coe | Wolfe Research | 11 (0%) |
| Nicole DeBlase | Deutsche Bank | 10 (20%) |
| Scott Davis | Melius Research | 9 (11%) |
| Joe Ritchie | Goldman Sachs | 9 (11%) |
| Jeff Sprague | Vertical Research Partners | 8 (25%) |
| Andy Kaplowitz | Citigroup | 6 (33%) |
| Steve Tusa | JPMorgan | 6 (17%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Morgan Stanley | 1 | 12 (25%) |
| RBC Capital Markets | 1 | 12 (0%) |
| Bank of America | 1 | 11 (0%) |
| Wolfe Research |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $6.24B | +4.6% | $2.45 | +4.3% | 20.9% | 15.6% | $1.34B |
| FY2025 Q1 | $6.38B | +7.3% | $2.45 | +20.1% | 19.3% | 15.1% | $91M |
| FY2025 Q2 | $7.03B | +10.7% | $2.51 | +1.2% | 17.9% |
| 1 |
| 11 (0%) |
| Deutsche Bank | 1 | 10 (20%) |
| Melius Research | 1 | 9 (11%) |
| Goldman Sachs | 1 | 9 (11%) |
| Vertical Research Partners | 1 | 8 (25%) |
| 14.0% |
| $1.06B |
| FY2025 Q3 | $6.99B | +10.1% | $2.59 | +2.4% | 19.6% | 14.5% | $1.17B |
| FY2025 Q4 | $7.05B | +13.1% | $2.91 | +18.8% | 19.5% | 16.1% | $2.14B |
| FY2026 Q1 | $7.45B | +16.8% | $2.22 | -9.4% | 15.7% | 11.6% | $314M |
| FY2026 Q2 | $8.53B | +21.4% | $2.11 | -15.9% | 16.3% | 9.6% | $874M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Eaton posted record Q1 2026 revenue of $7.5B with record segment profit of $1.7B and margins of 22.7%, though adjusted EPS of $2.81 was up just modestly as capacity expansion costs weighed on near-term profitability. Orders surged with data center demand acceleration, and free cash flow was up 245% versus the prior year. Management raised organic growth guidance by 200 basis points to a 10% midpoint and lifted EPS to $13.28, reflecting unprecedented demand across the electrical portfolio.
Demand | Revenue Growth | Capex Investment | Margin | Cloud & AI | Supply Chain | M&A | Guidance Reliability | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 11 | 8 | 7 | 5 | 5 | 3 | 1 | 2 |
| 2025Q1 | 8 | 4 | 3 | 3 | 5 | 1 | 1 | 1 |
| 2025Q2 | 13 | 10 | 6 | 5 | 2 | 2 | 1 | 2 |
| 2025Q3 | 8 | 7 | 4 | 5 | 3 | 1 | 3 | 1 |
| 2025Q4 | 3 | 2 | 3 | 4 | 4 | 1 | 1 | |
| 2026Q1 | 2 | 2 | 2 | 3 | 1 | 2 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 11 | 8 | 13 | 8 | 3 | 2 |
| Revenue Growth | 8 | 4 | 10 | 7 | 2 | 2 |
| Capex Investment | 7 | 3 | 6 | 4 | 3 | 2 |
| Margin | 5 | 3 | 5 | 5 | 4 | 3 |
| Cloud & AI | 5 | 5 | 2 | 3 | 4 | 1 |
| Supply Chain | 3 | 1 | 2 | 1 | 2 | |
| M&A | 1 | 1 | 1 | 3 | 1 | 2 |
| Guidance Reliability | 2 | 1 | 2 | 1 | 1 | 1 |
What ETN and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Resilient power, which fast tracks our solid-state transformer technology and various partnerships like the design partnership with NVIDIA and the on-site power partnership with Siemens Energy to help solve for global power constraints.”
Eaton has an on-site power partnership with Siemens Energy aimed at addressing global power constraints for data centers.
“Resilient power, which fast tracks our solid-state transformer technology and various partnerships like the design partnership with NVIDIA and the on-site power partnership with Siemens Energy to help solve for global power constraints.”
Eaton's acquisition of Resilient Power Systems accelerates its medium-voltage solid-state transformer technology for data centers.
“We closed the acquisition of Ultra PCS in January and the business performed in line with our expectations, contributing 5 points of total sales growth.”
Eaton acquired Ultra PCS, which contributed 5 points of Aerospace segment sales growth in the quarter.
“Now Eaton's broad portfolio has been further enhanced by the acquisition of Boyd Thermal.”
Eaton acquired Boyd Thermal, a leading liquid-cooling business and core design partner to hyperscalers, expanding its data-center white-space cooling presence; Boyd is on track for $1.7B+ revenue in 2026.
“Our partnerships with NVIDIA resulted in a complete solution for their generation of chips, Vera Rubin.”
Eaton's design partnership with NVIDIA produced an end-to-end grid-to-chip 800-volt DC power and cooling solution for NVIDIA's Vera Rubin generation chips.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
ETN Eaton Corporation | 8 | +16.8% | |
| AME Ametek | 8 | +11.3% | |
| AOS A. O. Smith | 1 | -1.9% | |
| CMI Cummins | 7 | +2.7% | |
| DOV Dover Corporation | 7 | +10.1% | |
| EMR Emerson Electric | 6 | +2.9% | |
| GNRC Generac | 9 | +12.4% | |
| HWM Howmet Aerospace | 9 | +19.1% | |
| IEX IDEX Corporation | 8 | +8.9% | |
| IR Ingersoll Rand | 5 | +7.6% | |
| ITW Illinois Tool Works | 7 | +4.6% | |
| NDSN Nordson Corporation | 9 | +8.8% | |
| OTIS Otis Worldwide | 4 | +6.5% | |
| PH Parker Hannifin | 8 | +10.6% | |
| PNR Pentair | 6 | +2.6% | |
| ROK Rockwell Automation | 9 | +11.8% | |
| ROP Roper Technologies | 8 | +11.3% | |
| XYL Xylem Inc. | 5 | +2.7% |