Eaton Corporation Plc (ETN) stock — is it a good business?

Eaton Corporation Plc (ETN) stock — is it a good business? — InspectStocks

Just reported

Q3 2026 results

From Eaton's results release of November 3, 2026; its quarterly report has since been filed.

Revenue
Actual
$8.95B
+28% y/y
+4.9% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$2.77
+6.9% y/y
+31% q/q
Guided
—
No guide given

Company outlook

Full year 2026

EPS, adjusted$13.70 – $13.80Raised +1.9%
EPS$10.39 – $10.49Unchanged

Set against the company's own guidance and the same quarter a year earlier, not analysts' estimates, which we do not hold. Adjusted figures are the company's own non-GAAP measures, as stated in the release.

The full earnings report →

How it makes money

Electrical Americas47%
Electrical Global28%
Aerospace15%
Mobility10%

Shares of revenue are estimates for six months ended June 30, 2026, not figures from a filing.

Competes with

SBGSYSchneider Electric
ABBABB
SIEGYSiemens
VRTVertiv
A
Size
$77.8B
Margin
16.0%
PHParker-Hannifin
B
Size
$120.5B
Margin
16.6%
RTXRTX
A
Size
$267.9B
Margin
8.8%

What it sells5

Electrical power equipment
Equipment for distributing and controlling electricity, including switchgear, circuit breakers, transformers, and uninterruptible power supplies.
Modular power enclosures
Pre-integrated enclosures that bring power equipment together for data centers, industrial sites, utilities, and communications customers.
Solid-state transformers
Power-conversion equipment being developed for uses including data centers and energy storage.

Show 2 more

Liquid-cooling equipment
Data-center cooling products including cold plates and coolant distribution units.
Aerospace electronic and sensing products
Aircraft and aerospace products including electronic controls, sensing equipment, stores ejection systems, and data processing equipment.

Who buys it6

Data-center operators, including hyperscale and colocation providers, buy power equipment, enclosures, and cooling products for data-center projects.
Utilities buy equipment used in electrical power systems.
Industrial companies, commercial building customers, and machine builders buy electrical equipment for facilities and machinery.

Show 3 more

Aircraft manufacturers and other aerospace customers buy components and systems for commercial, military, and space uses.
Vehicle manufacturers and related companies buy products for vehicle production; aftermarket customers also buy replacement products.
Six large electrical-products customers together accounted for 22% of Electrical segment sales (2025, high); three large aircraft manufacturers together accounted for 20% of Aerospace sales (2025, high).

What it stands on, and what could break it

What the business leans on

1Manufacturing relies on suppliers for metals, electronic components, plastics, and other materials and parts.
2In 2025, six large electrical-products customers accounted for 22% of Electrical segment sales (2025, high), and three large aircraft manufacturers accounted for 20% of Aerospace sales (2025, high).
3The business depends on production facilities in multiple countries, which can be disrupted by events such as natural disasters, conflict, or labor stoppages.
4The proposed separation of Mobility and combination with Dana had not closed by June 30, 2026; until it closes, Mobility remains part of Eaton.

What could go wrong

1Higher prices or shortages of raw materials, components, energy, or labor can raise manufacturing costs or make it harder to supply customers.
2Disruptions at Eaton's production facilities around the world can interrupt output and deliveries to customers.
3Acquisitions require Eaton to integrate new businesses, while the planned Mobility transaction may not be completed or may involve unexpected costs and disruption.

Full financial statements →

About Eaton Corporation Plc

Eaton makes equipment that helps move, control, protect, and cool electrical power, from utility systems to data centers, factories, buildings, and homes. It also makes products for aircraft and vehicles. Customers use its products in new construction and infrastructure projects, and as parts or replacement equipment.

Head office: Dublin, Ireland
Founded: 1911
Employees: 97,303 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Built from Eaton Corporation Plc’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.

Just reported

Q3 2026 results

From Eaton's results release of November 3, 2026; its quarterly report has since been filed.

Revenue
Actual
$8.95B
+28% y/y
+4.9% q/q
Guided
—
No guide given
EPS, GAAP
Actual
$2.77
+6.9% y/y
+31% q/q
Guided
—
No guide given

Company outlook

Full year 2026

EPS, adjusted$13.70 – $13.80Raised +1.9%
EPS$10.39 – $10.49Unchanged

The full earnings report →

Keep exploring

The themes Eaton is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.

The theme it is part of

Highest-graded in Specialty Industrial Machinery

Graded A or B and worth $2B or more: A first, then the largest.

All 68 graded companies in its industry

Grade rose recently in Industrials

Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.

All grade rises

How it makes money

Electrical Americas47%
Electrical Global28%
Aerospace15%
Mobility10%

Shares of revenue are estimates for six months ended June 30, 2026, not figures from a filing.

Competes with

SBGSYSchneider Electric
ABBABB
SIEGYSiemens
VRTVertiv
A
Size
$77.8B
Margin
16.0%
PHParker-Hannifin
B
Size
$120.5B
Margin
16.6%
RTXRTX
A
Size
$267.9B
Margin
8.8%

What it sells5

Electrical power equipment
Equipment for distributing and controlling electricity, including switchgear, circuit breakers, transformers, and uninterruptible power supplies.
Modular power enclosures
Pre-integrated enclosures that bring power equipment together for data centers, industrial sites, utilities, and communications customers.
Solid-state transformers
Power-conversion equipment being developed for uses including data centers and energy storage.

Show 2 more

Liquid-cooling equipment
Data-center cooling products including cold plates and coolant distribution units.
Aerospace electronic and sensing products
Aircraft and aerospace products including electronic controls, sensing equipment, stores ejection systems, and data processing equipment.

Who buys it6

Data-center operators, including hyperscale and colocation providers, buy power equipment, enclosures, and cooling products for data-center projects.
Utilities buy equipment used in electrical power systems.
Industrial companies, commercial building customers, and machine builders buy electrical equipment for facilities and machinery.

Show 3 more

Aircraft manufacturers and other aerospace customers buy components and systems for commercial, military, and space uses.
Vehicle manufacturers and related companies buy products for vehicle production; aftermarket customers also buy replacement products.
Six large electrical-products customers together accounted for 22% of Electrical segment sales (2025, high); three large aircraft manufacturers together accounted for 20% of Aerospace sales (2025, high).

What it stands on, and what could break it

What the business leans on

1Manufacturing relies on suppliers for metals, electronic components, plastics, and other materials and parts.
2In 2025, six large electrical-products customers accounted for 22% of Electrical segment sales (2025, high), and three large aircraft manufacturers accounted for 20% of Aerospace sales (2025, high).
3The business depends on production facilities in multiple countries, which can be disrupted by events such as natural disasters, conflict, or labor stoppages.
4The proposed separation of Mobility and combination with Dana had not closed by June 30, 2026; until it closes, Mobility remains part of Eaton.

What could go wrong

1Higher prices or shortages of raw materials, components, energy, or labor can raise manufacturing costs or make it harder to supply customers.
2Disruptions at Eaton's production facilities around the world can interrupt output and deliveries to customers.
3Acquisitions require Eaton to integrate new businesses, while the planned Mobility transaction may not be completed or may involve unexpected costs and disruption.

Full financial statements →

About Eaton Corporation Plc

Head office: Dublin, Ireland
Founded: 1911
Employees: 97,303 (December 31, 2025, high)
Listed on: NYSE
Financial year ends: December 31

Q3 2026 results

Revenue

EPS, GAAP

Company outlook

How it makes money

Competes with

What it sells5

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Eaton Corporation Plc

Q3 2026 results

Revenue

EPS, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Specialty Industrial Machinery

Grade rose recently in Industrials

How it makes money

Competes with

What it sells5

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Eaton Corporation Plc

Keep exploring

The theme it is part of

Highest-graded in Specialty Industrial Machinery

Grade rose recently in Industrials

AI power & data-centre infrastructure

Eaton Corporation Plc

Growth & cash — 5 of 5

Business trend

Share price and grade over time

Q3 2026 results

Revenue

EPS, GAAP

Company outlook

How it makes money

Competes with

What it sells5

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Eaton Corporation Plc

Q3 2026 results

Revenue

EPS, GAAP

Company outlook

Keep exploring

The theme it is part of

Highest-graded in Specialty Industrial Machinery

Grade rose recently in Industrials

How it makes money

Competes with

What it sells5

Who buys it6

What it stands on, and what could break it

What the business leans on

What could go wrong

About Eaton Corporation Plc

Keep exploring

The theme it is part of

Highest-graded in Specialty Industrial Machinery

Grade rose recently in Industrials

AI power & data-centre infrastructure

Eaton Corporation Plc

Past performance

Growth & cash — 5 of 5

Business trend

Share price and grade over time