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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Chris Snyder | Morgan Stanley | 12 questions · 25% challenging |
| Deane Dray | RBC Capital Markets | 12 questions · 0% challenging |
| Andrew Obin | Bank of America | 11 questions · 0% challenging |
| Nigel Coe | Wolfe Research | 11 questions · 0% challenging |
| Nicole DeBlase | Deutsche Bank | 10 questions · 20% challenging |
| Scott Davis | Melius Research | 9 questions · 11% challenging |
| Joe Ritchie | Goldman Sachs | 9 questions · 11% challenging |
| Jeff Sprague | Vertical Research Partners | 8 questions · 25% challenging |
| Andy Kaplowitz | Citigroup | 6 questions · 33% challenging |
| Steve Tusa | JPMorgan | 6 questions · 17% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Morgan Stanley | 1 analyst | 12 questions · 25% challenging |
| RBC Capital Markets | 1 analyst | 12 questions · 0% challenging |
| Bank of America | 1 analyst | 11 questions · 0% challenging |
| Wolfe Research | 1 analyst | 11 questions · 0% challenging |
| Deutsche Bank | 1 analyst | 10 questions · 20% challenging |
| Melius Research | 1 analyst | 9 questions · 11% challenging |
| Goldman Sachs | 1 analyst | 9 questions · 11% challenging |
| Vertical Research Partners | 1 analyst | 8 questions · 25% challenging |
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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.
Calendar quarter Q1 2026Earnings call May 5, 2026
FY2026 Q1 in brief
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.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Eaton Corporation (ETN), FY2026 Q1: 8/10. Scores: Eaton Corporation’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: ETN daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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 |
GAAP revenue YoY +16.8% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Net margin | FCF |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $6.24B | +4.6% | $2.45 | +4.3% | 15.6% | $1.34B |
| FY2025 Q1 | $6.38B | +7.3% | $2.45 | +20.1% | 15.1% | $91M |
| FY2025 Q2 | $7.03B | +10.7% | $2.51 | +1.2% | 14.0% | $716M |
| FY2025 Q3 | $6.99B | +10.1% | $2.59 | +2.4% | 14.5% | $1.17B |
| FY2025 Q4 | $7.05B | +13.1% | $2.91 | +18.8% | 16.0% | $1.57B |
| FY2026 Q1Selected | $7.45B | +16.8% | $2.22 | -9.4% | 11.6% | $314M |
| FY2026 Q2 | $8.53B | +21.4% | $2.11 | -15.9% | 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).
What ETN said about other companies on its FY2026 Q1 call, and what other companies said about ETN on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. 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 | Headline |
|---|---|---|---|---|
| ETNEaton Corporation | 8 | +16.8% | Record Orders and Backlog Surge | |
| AMEAmetek | 8 | +11.3% | Record orders and backlog growth | |
| AOSA. O. Smith | 1 | -1.9% | A.O | |
| CMICummins | 7 | +2.7% | Power Systems Record EBITDA on Data Center Demand | |
| DOVDover Corporation | 7 | +10.1% | Dover opened 2026 with double-digit revenue growth (GAAP revenue +10.05% year over year) and adjusted EPS of $2.28, up 11%, driven by secular-growth end markets, acquired company performance and constructive demand across the portfolio | |
| EMREmerson Electric | 6 | +2.9% | Middle East Conflict Disrupts Sales and Operations | |
| GEVGE Vernova | 9 | +16.1% | Revenue grew 7% with EBITDA surging 87% to $896 million as GE Vernova delivered $4.8 billion in Q1 free cash flow, meaningfully exceeding full-year FY2025 FCF | |
| GNRCGenerac | 9 | +12.4% | Revenue grew 12% to $1.06B with C&I up 28% on data center momentum | |
| IEXIDEX Corporation | 8 | +8.9% | HST Delivers 11% Organic Growth with 17% Order Surge | |
| IRIngersoll Rand | 5 | +7.6% | Solid Start to 2026 with EPS Up High Single Digits | |
| ITWIllinois Tool Works | 7 | +4.6% | CapEx Segment Strength Drives Top-Line Growth | |
| NDSNNordson Corporation | 9 | +8.8% | Record First Quarter Sales With 7% Organic Growth | |
| OTISOtis Worldwide | 4 | +6.5% | Service margin contracts 160bps on investments, mix, and Middle East costs | |
| PHParker Hannifin | 8 | +10.6% | Record Q3 performance across sales, margins, and EPS | |
| PNRPentair | 6 | +2.6% | Q1 record for sales and adjusted operating income | |
| ROKRockwell Automation | 9 | +11.8% | Strong broad-based revenue growth with organic sales up 9% | |
| SMRNuScale Power Corporation | 2 | -95.8% | NuScale's GAAP revenue fell to $0.6 million in the first quarter of 2026 from $13.4 million a year earlier, as the one-time RoPower technology-licensing agreement and Fluor FEED Phase 2 engineering services that drove prior-year revenue were completed in 2025, and the pre-commercial developer again reported a net loss | |
| XYLXylem Inc. | 5 | +2.7% | Revenue flat organically as 80/20 walkaways and China offset EPS growth |
Record Orders and Backlog Surge
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| ETN | 8 | 7 | 7 | 7 | 7 | 8 |
| AME | 6 | 6 | 6 | 9 | 8 | 8 |
| AOS | 3 | 4 | 5 | 5 | 6 | 1 |
| CMI | 6 | 2 | 5 | 4 | 6 | 7 |
| DOV | 6 | 4 | 7 | 8 | 9 | 7 |
| EMR | 6 | 7 | 8 | 8 | 8 | 6 |
| GEV | 8 | 9 | 9 | 8 | 6 | 9 |
| GNRC | 9 | 6 | 6 | 1 | 3 | 9 |
| IEX | 8 | 5 | 3 | 7 | 8 | 8 |
| IR | 8 | 4 | 8 | 4 | 9 | 5 |
| ITW | 6 | 4 | 6 | 5 | 7 | 7 |
| NDSN | 8 | 4 | 6 | 7 | 7 | 9 |
| OTIS | 6 | 5 | 5 | 8 | 8 | 4 |
| PH | 4 | 5 | 7 | 8 | 8 | 8 |
Dover opened 2026 with double-digit revenue growth (GAAP revenue +10.05% year over year) and adjusted EPS of $2.28, up 11%, driven by secular-growth end markets, acquired company performance and constructive demand across the portfolio
Revenue grew 7% with EBITDA surging 87% to $896 million as GE Vernova delivered $4.8 billion in Q1 free cash flow, meaningfully exceeding full-year FY2025 FCF
Revenue grew 12% to $1.06B with C&I up 28% on data center momentum
Service margin contracts 160bps on investments, mix, and Middle East costs
Strong broad-based revenue growth with organic sales up 9%
NuScale's GAAP revenue fell to $0.6 million in the first quarter of 2026 from $13.4 million a year earlier, as the one-time RoPower technology-licensing agreement and Fluor FEED Phase 2 engineering services that drove prior-year revenue were completed in 2025, and the pre-commercial developer again reported a net loss
Revenue flat organically as 80/20 walkaways and China offset EPS growth
| PNR | 6 | 5 | 6 | 7 | 7 | 6 |
|---|
| ROK | 4 | 6 | 9 | 9 | 8 | 9 |
|---|
| SMR | 8 | 8 | 8 | 6 | 2 | 2 |
|---|
| XYL | 8 | 6 | 9 | 9 | 8 | 5 |
|---|