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NYSE · US · Specialty Industrial Machinery

ETN Eaton

Electrical content per data-centre MW

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-26
$373.1
+1.92% today
1W
−4.7%
1M
−15.2%
3M
−3.2%
YTD
+18.1%
1Y
+0.3%
Off 52w high
−18.9%
Next earnings (est.): 2026-11-03
Market cap$142B
P/E (trailing)37.2Forward 22.5
EV / sales5.5×EV/EBITDA 24.7×
Revenue (TTM)$30.03BGrowth 21.4% y/y
Margins36.0%gross · op 16.6%
Free cash flow$3.11BCash $695M · debt $21.33B
Analyst target$485.5+30.1% upside · 26 analysts · buy
Riskβ 1.13Short 2.1% of float · yield 1.19%

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

ETN · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-07-31EarningsBeat / raise

    Reported EPS 3.15 vs 3.08 expected (+2.4% surprise).

  2. 7
    2026-05-05EarningsBeat / raise

    Reported EPS 2.81 vs 2.73 expected (+2.9% surprise).

  3. 6
    2026-02-03EarningsBeat / raise

    Reported EPS 3.33 vs 3.32 expected (+0.3% surprise).

  4. 5
    2025-11-04EarningsBeat / raise

    Reported EPS 3.07 vs 3.05 expected (+0.5% surprise).

  5. 4
    2025-08-05EarningsBeat / raise

    Reported EPS 2.95 vs 2.92 expected (+0.9% surprise).

  6. 3
    2025-05-02EarningsBeat / raise

    Reported EPS 2.72 vs 2.71 expected (+0.6% surprise).

  7. 2
    2025-01-31EarningsBeat / raise

    Reported EPS 2.83 vs 2.81 expected (+0.7% surprise).

  8. 1
    2024-10-31EarningsBeat / raise

    Reported EPS 2.84 vs 2.81 expected (+1.2% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-07-313.083.15+2.4%
2026-05-052.732.81+2.9%
2026-02-033.323.33+0.3%
2025-11-043.053.07+0.5%
2025-08-052.922.95+0.9%
2025-05-022.712.72+0.6%
2025-01-312.812.83+0.7%
2024-10-312.812.84+1.2%
2024-08-012.612.73+4.5%
2024-04-302.292.4+4.9%
2024-02-012.472.55+3.2%
2023-10-312.342.47+5.7%
2023-08-012.112.21+4.7%
2023-05-021.781.88+5.3%
2023-02-082.052.06+0.6%
2022-11-012.012.02+0.6%
2022-08-021.821.87+2.8%
2022-05-031.61.62+1.4%
2022-02-041.711.72+0.4%
2021-11-021.731.75+1.3%
2021-08-031.571.72+9.2%
2021-05-041.241.44+15.8%
2021-02-021.241.28+3.3%
2020-11-031.051.18+12.9%

About Eaton

Website ↗

Eaton Corporation plc operates as a power management company in the United States, Canada, Latin America, Europe, and the Asia Pacific. It operates through Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility segments. The company offers electrical and industrial components, power distribution and assemblies, residential products, single- and three-phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, and power reliability equipment; and hazardous duty electrical equipment, emergency lighting, fire detection, intrinsically safe explosion-proof instrumentation, and structural support systems. It also provides pumps, motors, hydraulic power units, hoses and fittings, and electro-hydraulic pumps; valves, cylinders, electronic controls, electromechanical actuators, sensors, aircraft flap and slat …

97,303 employees · Dublin, Ireland

Large power transformers are hand-built, need grain-oriented steel and copper, and have years-long lead times. Switchgear followed.

GOES steel + copper→Transformer→Switchgear→Substation

What would prove us wrong. Weakens if lead times shorten sharply as Korean, Indian and Mexican capacity arrives.

Inside the hall, every megawatt needs medium-voltage switchgear, UPS, busway and power distribution. A handful of makers supply most of it and backlogs have grown with AI campuses.

Switchgear→UPS→Busway / PDU→Rack

What would prove us wrong. Weakens if electrical-equipment backlogs start shrinking while data-center starts hold up.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
HUBB
Hubbell
Utility and campus electrical products $459.8+2.62%−1.4%+4.5%
6501.T
Hitachi
Hitachi Energy transformers and HVDC ¥5,533.0−0.52%+1.2%+14.1%
SU.PA
Schneider Electric
Switchgear, power and cooling for data centres €235.5+1.77%−19.1%+1.8%
ABBN.SW
ABB
Electrification, drives and robotics CHF 69.70+2.83%−13.1%+19.4%
267260.KS
HD Hyundai Electric
Large power transformers for US utilities ₩447,000−4.89%−37.4%−41.8%
298040.KS
Hyosung Heavy Industries
Transformers with US plant ₩1,853,000−1.28%−36.5%+4.0%
010120.KS
LS Electric
Switchgear and transformers ₩152,900−2.55%−26.8%+66.9%
POWL
Powell Industries
Custom switchgear and power-control rooms $157.2+4.15%−17.1%+48.1%
VRT
Vertiv
Power and liquid-cooling chain for AI racks $200.1+2.97%−21.0%+23.6%
LR.PA
Legrand
Data-center busway, PDUs and power distribution €126.0+1.57%−6.5%+0.7%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.