Eaton beats first quarter 2026 estimates with 17% revenue growth and raises full-year organic growth guidance.

Eaton reported record first quarter 2026 revenue of $7.5 billion and adjusted EPS of $2.81, beating analyst estimates of $7.1 billion and $2.75, respectively. Total sales grew 17% year-over-year, driven by 10% organic growth that significantly surpassed the company's prior guidance of 5-7%.

Key Highlights

• The company raised its full-year 2026 organic growth guidance to a range of 9-11%, up from a previous midpoint of 8%.
• Demand in the Electrical Americas segment remained robust, with the twelve-month rolling average of orders up 42% organically, driven by data center momentum.
• Total backlog grew significantly year-over-year, up 48% in the Electrical sector and 28% in the Aerospace segment, indicating sustained demand.