Overview
- Eaton, which posted record Q1 adjusted EPS of $2.81 on $7.5 billion in revenue Tuesday, saw shares drop as much as 8.1% before a partial recovery.
- The company set full‑year adjusted EPS at $13.05 to $13.50 with a $13.28 midpoint and guided Q2 adjusted EPS to $3.00 to $3.10, both a touch below Wall Street estimates.
- Benzinga reported Eaton cut its 2026 GAAP EPS outlook to $10.88 to $11.33 and guided Q2 GAAP EPS to $2.29 to $2.39, which contrasted with the higher adjusted figures highlighted elsewhere.
- Electrical Americas delivered record sales of $3.6 billion, with rolling orders up 42% and the electrical backlog up 48% as AI data‑center projects fueled demand.
- Eaton closed about $11 billion in acquisitions, including Boyd Thermal and Ultra PCS, and it still plans to spin off its Mobility unit by the first quarter of 2027.