Eaton (ETN) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Eaton published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Eaton reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• In the first quarter of 2026 Eaton combined its Vehicle and eMobility segments into one Mobility segment and recast prior periods.
• Eaton has agreed to separate the Mobility business and combine it with Dana in a Reverse Morris Trust transaction expected to close in the first four months of 2027. Until then Mobility stays in continuing operations.
• Sales growth includes acquisitions: Boyd Thermal (closed March 12, 2026) in Electrical Global and Ultra PCS (closed January 23, 2026) in Aerospace. Acquisitions added 8% to Q3 2026 sales.

Source: Eaton Q3 2026 results, November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Eaton splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Eaton's Electrical Americas revenue was $4.2 billion in Q3 2026, up 22% from $3.4 billion in Q3 2025, 47% of total revenue.
• Eaton's Electrical Global revenue was $2.7 billion in Q3 2026, up 58% from $1.7 billion in Q3 2025, 30% of total revenue.
• Eaton's Aerospace revenue was $1.2 billion in Q3 2026, up 11% from $1.1 billion in Q3 2025, 13% of total revenue.
• Eaton's Mobility revenue was $852 million in Q3 2026, up 10% from $775 million in Q3 2025, 10% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Eaton said:

“Full year 2026 earnings per share expected to be between $10.39 and $10.49; adjusted earnings per share expected to be between $13.70 and $13.80”

“For the fourth quarter of 2026, the company anticipates: • Organic growth of 13-15% • Segment margins of 25.4-25.8% • Earnings per share between $3.28 and $3.38 • Adjusted earnings per share between $4.05 and $4.15”

Source: Eaton Q3 2026 release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the ETN forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Net sales and diluted EPS attributable to Eaton ordinary shareholders, each as first reported in that quarter's earnings release.

Eaton's next report is expected around February 2, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 3, 2026

Eaton reported record net sales of $8,947 million in Q3 2026, up 28% from $6,988 million a year earlier. Eaton breaks the increase into 19% organic growth, 8% from acquisitions and 1% from foreign exchange. Electrical Americas brought in $4,172 million, Electrical Global $2,727 million, Aerospace $1,196 million and Mobility $852 million. (Eaton Q3 2026 earnings release, Nov 3, 2026)

Electrical Americas sales rose 22% organically. In the 10-Q Eaton attributes the increase to strength in data center, machine OEM, and commercial & institutional end-markets. The segment splits into Products ($1,271 million, against $814 million a year earlier) and Systems ($2,901 million, against $2,596 million). Its operating margin was 29.8%, against 30.3% in Q3 2025 and up 230 basis points from Q2 2026. (Eaton Q3 2026 earnings release, Nov 3, 2026; Eaton Form 10-Q, Q3 2026, Nov 3, 2026)

Electrical Global sales rose 58% to $2,727 million: 27% organic growth and a 31% contribution from Boyd Thermal, a thermal components and systems maker serving data center and aerospace customers that Eaton bought on March 12, 2026 for $9.55 billion, net of cash acquired. Segment operating profit rose 75% to $576 million. (Eaton Q3 2026 earnings release, Nov 3, 2026)

Aerospace sales rose 11% to $1,196 million, with 6% organic growth and 5% from the Ultra PCS acquisition. Original equipment manufacturers accounted for $455 million, aftermarket $446 million and industrial and other $295 million; Eaton cites strength in commercial OEM and commercial aftermarket, partly offset by weakness in military aftermarket. Mobility, made up of Vehicle ($691 million) and eMobility ($161 million), grew 9% organically and is due to be split off and combined with Dana, with Eaton shareholders expected to own 50.1% of the combined company. (Eaton Q3 2026 earnings release, Nov 3, 2026; Eaton Form 10-Q, Q3 2026, Nov 3, 2026)

Eaton's sales are not concentrated in a few buyers: no single customer represented more than 10% of net sales in 2025, 2024 or 2023. Eaton had revenues of $27.4 billion in 2025 and serves customers in 180 countries. (Eaton Form 10-K, 2025, Feb 26, 2026; Eaton Q3 2026 earnings release, Nov 3, 2026)

Eaton's GAAP diluted EPS was $2.77 in Q3 2026, against $2.59 a year earlier, and adjusted EPS was a record $3.68, against $3.07. Adjusted EPS excludes $0.62 per share of intangible asset amortization, $0.30 of acquisition and divestiture charges and $0.01 of restructuring income. Pre-tax intangible amortization rose to $314 million from $130 million after the Boyd Thermal and Ultra PCS deals. (Eaton Q3 2026 earnings release, Nov 3, 2026)

Eaton's acquisitions also raised its financing costs. Net interest expense was $198 million, against $67 million a year earlier, and long-term debt stood at $17,802 million on September 30, 2026, against $8,758 million at the end of 2025. The effective income tax rate was 21.3%, against 20.7% in Q3 2025. (Eaton Q3 2026 earnings release, Nov 3, 2026; Eaton Form 10-Q, Q3 2026, Nov 3, 2026)

Eaton bought back no ordinary shares in the first nine months of 2026, after repurchasing 5.2 million shares in the same period of 2025. Diluted weighted-average shares were 389.6 million in the quarter, against 390.1 million a year earlier. (Eaton Form 10-Q, Q3 2026, Nov 3, 2026; Eaton Q3 2026 earnings release, Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Eaton gives quarterly and full-year guidance in its release. For Q4 2026 it guided organic growth of 13-15%, segment margins of 25.4-25.8%, EPS of $3.28 to $3.38 and adjusted EPS of $4.05 to $4.15. For the full year it expects organic growth of 13-15%, segment margins of 24.1-24.5%, EPS of $10.39 to $10.49 and adjusted EPS of $13.70 to $13.80, and the headline says it raised its organic growth guidance. (Eaton Q3 2026 earnings release, Nov 3, 2026)

Eaton also announced an agreement to acquire COL Group, an Italian maker of medium-voltage electrical distribution equipment, for €810 million ($921 million). The deal is expected to close in the first quarter of 2027 and COL Group will be reported in Electrical Global. (Eaton Q3 2026 earnings release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Eaton, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Eaton's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning ETN is on is ETN a buy or a sell?, what analysts expect next is on the ETN forecast, and what the company does is on the Eaton (ETN) stock page.

Every number on this page can be traced to a document Eaton published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.