Eaton (ETN) Stock Overview
Operates as a power management company in the United States, Canada, Latin America, Europe, and the Asia Pacific. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 3/6 |
| Dividends | 4/6 |
Last Earnings Call
Q2 2026 · 31 Jul 2026Eaton Corporation reported a strong second quarter for 2026, featuring record revenue of $8.5 billion (21% growth) and adjusted EPS of $3.15. Organic growth reached 14%, significantly aided by an 18% surge in Electrical Americas, where data center demand remains a primary catalyst. Management highlighted strong operating execution, with margins expanding 110 basis points sequentially to 23.1%.
Bolstered by a robust order environment—total book-to-bill remains at 1.2—the company raised its full-year guidance. The adjusted EPS midpoint was increased by $0.22 to $13.50, and full-year organic growth expectations were lifted to 12%. Management emphasized that their "execute for growth" strategy is yielding results, with major capacity investments now operational, positioning the company for durable growth into 2027 and beyond.
Analyst Consensus vs. Actuals
- Revenue: Consensus estimated ~$8.32 billion; Eaton reported $8.5 billion (Beat).
- EPS: Consensus estimated $3.05; Eaton reported $3.15 (Beat).
Market Reaction The stock rose approximately 4.8% on July 31, 2026. Analysts cited the significant guidance raise, robust data center demand, and successful margin expansion in the Electrical Americas segment as the primary drivers of investor optimism.
ETN Community Fair Values
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Analyst Price Targets
Eaton Corporation plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$448.68 |
| 52 Week High | US$457.78 |
| 52 Week Low | US$311.92 |
| Beta | 1.18 |
| 1 Month Change | 10.17% |
| 3 Month Change | 7.08% |
| 1 Year Change | 23.66% |
| 3 Year Change | 105.48% |
| 5 Year Change | 167.68% |
| Change since IPO | 25,040.06% |
Recent News & Updates
Narrative Update • Aug 04
ETN: Future Returns Will Balance AI Datacenters And Mobility Deal Execution
Analysts have increased the Eaton fair value estimate from $451.73 to $464.59 as they factor in higher price targets tied to strong Q2 results, growing datacenter backlog visibility, and improving confidence in the company's execution. Analyst Commentary Recent research updates on Eaton focus heavily on how Q2 execution, datacenter demand and capital allocation feed into the stock's valuation and growth profile.Seeking Alpha • Aug 03
Eaton: Rotating Within The AI Infrastructure Play
Summary Eaton stands out as a prime beneficiary of the AI infrastructure buildout, driven by surging data center and power equipment demand. I expect money to rotate from overheated chip and memory stocks into infrastructure names addressing current bottlenecks: power, cooling, and grid expansion. ETN's Electrical Americas segment posted 16% revenue growth in 2025 and a 31% YoY backlog increase, signaling robust AI-driven demand. Wave 2 investment opportunities include ETN, VRT, GEV, PWR, MYRG, and utilities like CEG, VST, and NEE as AI infrastructure spending accelerates. Read the full article on Seeking AlphaRecent updates
Narrative Update • Aug 04
ETN: Future Returns Will Balance AI Datacenters And Mobility Deal Execution
Analysts have increased the Eaton fair value estimate from $451.73 to $464.59 as they factor in higher price targets tied to strong Q2 results, growing datacenter backlog visibility, and improving confidence in the company's execution. Analyst Commentary Recent research updates on Eaton focus heavily on how Q2 execution, datacenter demand and capital allocation feed into the stock's valuation and growth profile.Seeking Alpha • Aug 03
Eaton: Rotating Within The AI Infrastructure Play
Summary Eaton stands out as a prime beneficiary of the AI infrastructure buildout, driven by surging data center and power equipment demand. I expect money to rotate from overheated chip and memory stocks into infrastructure names addressing current bottlenecks: power, cooling, and grid expansion. ETN's Electrical Americas segment posted 16% revenue growth in 2025 and a 31% YoY backlog increase, signaling robust AI-driven demand. Wave 2 investment opportunities include ETN, VRT, GEV, PWR, MYRG, and utilities like CEG, VST, and NEE as AI infrastructure spending accelerates. Read the full article on Seeking Alpha
Narrative Update • Jun 26
ETN: AI Data Center Story Will Face Mobility Deal Execution Risks
Analysts have lifted their blended price target for Eaton to about $346 from roughly $329, reflecting updated views on its earnings power, margin profile and valuation multiples following a series of recent research revisions. Analyst Commentary Recent research updates on Eaton highlight a mix of optimism on the earnings and margin story alongside a more restrained tone from some corners of the Street.Analysis Article • Jun 16
Eaton (ETN) Stock Valuation Check After Strong Multi‑Year Returns
Eaton (ETN) has drawn investor attention after recent performance data showed a past 3 months total return of 11.85% and a 1 year total return of 21.82%, with shares last closing at US$407.06. See our latest analysis for Eaton. Recent trading has added to that picture, with a 4.00% 1 day share price return and an 11.85% 90 day share price return, alongside a 3 year total shareholder return of 121.26%. This suggests momentum has been building over both shorter and longer periods. If Eaton’s...
Narrative Update • Jun 12
ETN: AI Data Center And Thermal Demand Will Drive Future Upside
Analysts have raised Eaton's fair value estimate to $534.00 from $491.40, citing refreshed models that incorporate higher assumed revenue growth and a modestly higher future P/E multiple, despite slightly lower projected profit margins and an updated discount rate. Analyst Commentary Recent Street research has leaned constructive on Eaton, with several bullish analysts raising price targets and initiating coverage with positive views.Narrative Update • May 29
ETN: Future Returns Will Reflect AI Power Demand And Boyd Data Center Expansion
Analysts lifted the Eaton price target by about $2 to $452, citing recent Street research that factors in updated assumptions for fair value, discount rate, growth, margins, and a higher future P/E multiple. Analyst Commentary Recent research shows a cluster of upward price target revisions on Eaton, alongside a few more cautious views.Narrative Update • May 14
ETN: Future Returns Will Reflect AI Power Demand And Execution Risks
Analysts have lifted the Eaton price target by about $41 to reflect updated assumptions for fair value near $450, a higher discount rate, stronger revenue growth expectations, slightly lower profit margin estimates, and a modestly higher future P/E multiple, supported by a series of recent target increases and bullish initiations on the stock. Analyst Commentary Recent research on Eaton has been active, with several firms updating price targets and coverage views in quick succession.Narrative Update • Apr 23
ETN: AI Data Center Ambitions Will Face Prolonged Boyd Integration Risks
Narrative Update on Eaton The analyst price target for Eaton has been adjusted modestly, with updated fair value moving to about $329 from roughly $331 as analysts factor in mixed target revisions around recent acquisitions and data center exposure. Analyst Commentary Recent research on Eaton reflects a split view.Narrative Update • Apr 08
ETN: AI Data Center Hopes Will Be Tested By Boyd Execution Risks
Analysts have trimmed the Eaton price target by about $6 to reflect a lower assumed future P/E multiple of roughly 26x, while also factoring in updated views on revenue growth, margins and recent research that highlights both upside potential from data center exposure and mixed sentiment around the stock. Analyst Commentary Recent research on Eaton shows a split view, with some firms lifting price targets or initiating coverage positively, while others are dialing back expectations and highlighting risks around execution, valuation and future growth assumptions.Narrative Update • Mar 24
ETN: AI Data Center And Thermal Demand Will Drive Future Upside
Analysts have nudged Eaton's fair value estimate higher, with the updated price target moving from $483.16 to $491.40 as they factor in the Boyd Thermal acquisition, changes to P/E assumptions, and a refreshed view on revenue growth and profitability. Analyst Commentary Recent research updates show a mix of views on Eaton, with some firms trimming price targets and others lifting them or upgrading ratings following the Boyd Thermal acquisition and model refreshes.Narrative Update • Mar 10
ETN: Future Returns Will Reflect AI Power Demand And Vehicle Unit Exit
The analyst price target for Eaton edges slightly higher to about $408, as analysts balance a mix of recent target increases and cuts while keeping their core assumptions on growth, margins, and future P/E broadly intact. Analyst Commentary Recent research on Eaton shows a mixed but engaged analyst community, with several firms adjusting price targets in both directions and one major upgrade in rating.Narrative Update • Feb 24
ETN: Future Returns Will Reflect AI Power Buildout And Vehicle Unit Exit
Analysts have inched their consolidated price target for Eaton higher to about $408, reflecting modest tweaks to revenue growth, margins, and future P/E assumptions after a mix of recent target raises and cuts across the Street. Analyst Commentary Recent research shows a split tape on Eaton, with some firms lifting price targets and ratings while others trim expectations around the edges.Narrative Update • Feb 10
ETN: Future Returns Will Balance AI Power Demand And Vehicle Unit Review
Eaton’s updated analyst price target has edged slightly lower by about $0.26 to reflect modest tweaks to revenue growth, margins and future P/E assumptions, as analysts balance recent target cuts with ongoing interest in the company’s above market growth prospects highlighted in recent research. Analyst Commentary Recent Street research on Eaton reflects a mix of optimism on long term growth drivers and caution around valuation and earnings expectations.Analysis Article • Feb 06
Earnings Update: Eaton Corporation plc (NYSE:ETN) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts
As you might know, Eaton Corporation plc ( NYSE:ETN ) recently reported its full-year numbers. Results were roughly in...Narrative Update • Jan 27
ETN: AI Data Center Demand Will Drive Future Upside
Analysts have raised their Eaton fair value estimate by about $12 to $483. The revision reflects modestly higher revenue growth and future P/E assumptions, partly offset by slightly lower profit margin expectations and a slightly higher discount rate, as well as mixed recent price target moves and differing views on data center demand and acquisition synergies.Narrative Update • Jan 11
ETN: AI Data Center Demand And Boyd Thermal Deal Will Drive Upside
Analysts have adjusted their price targets on Eaton, with changes such as Barclays moving to $350 and RBC Capital to $432. They cite a firmer demand backdrop tied to artificial intelligence driven orders and expectations around data center exposure and the Boyd Thermal acquisition, which together support a higher fair value estimate of about $470.67 per share in the latest update.Narrative Update • Dec 27
ETN: Future Returns Will Be Driven By Data Center And Thermal Demand
Analysts have nudged their price target for Eaton modestly higher to about $432 per share from roughly $425, reflecting confidence in robust data center demand and anticipated synergies from the $9.5B Boyd Thermal acquisition, despite only a slight tweak to long term growth and margin assumptions. Analyst Commentary With the modestly higher price target, bullish analysts are emphasizing that Eaton's recent results and strategic moves justify a richer valuation multiple, particularly given the structural tailwinds in data center and thermal management demand.Narrative Update • Dec 13
ETN: AI Data Center Demand And Boyd Deal Will Shape Outlook
We raise our Eaton price target by approximately $36 to about $337 per share, reflecting analysts' increased confidence in stronger long term revenue growth, modestly higher profitability, and sustained AI driven data center demand supported by recent price target hikes and upgrades. Analyst Commentary Recent Street research reflects a constructive yet increasingly nuanced view on Eaton, with higher price targets and ratings upgrades framed against growing scrutiny of valuation, execution risks, and the durability of AI driven demand.Narrative Update • Nov 29
ETN: Future Returns Will Be Driven By Robust Data Center Demand
Eaton's fair value estimate has increased slightly to $410.77, a move analysts attribute to strong data center order growth and improving outlooks following recent earnings and acquisition updates. Analyst Commentary Recent Street research reflects a strong wave of optimism for Eaton.Narrative Update • Nov 15
ETN: Future Performance Will Be Driven By Data Center Order Momentum
Eaton's analyst price target has been raised by analysts from $404.21 to $410.70, supported by improving confidence in data center order momentum and anticipated growth from recent acquisitions. Analyst Commentary Recent analyst activity around Eaton has highlighted a generally positive outlook, with several price target increases and upgrades reflecting renewed confidence in the company's growth trajectory and execution on strategic initiatives.Narrative Update • Nov 01
ETN: Data Center Demand And Cyclical Recovery Will Support Measured Upside Ahead
The analyst price target for Eaton has been raised significantly from $412 to $495. This change reflects increased confidence among analysts due to improving earnings momentum, a positive AI-related demand outlook, and expectations for renewed growth in the company's more cyclical businesses.Narrative Update • Oct 18
Expanding Electrical Americas And Data Centers Will Unlock New Markets
Eaton's analyst price target has increased from $398.71 to $404.21. This change reflects analysts' improved outlook amid stronger demand prospects and positive updates on valuation and sector growth trends.Narrative Update • Oct 03
Expanding Electrical Americas And Data Centers Will Unlock New Markets
Eaton's analyst price target has increased notably from approximately $394 to nearly $399. This change reflects analysts' improved confidence following stronger AI capital expenditure trends and expectations for additional long-term growth in core business segments.Narrative Update • Sep 04
Expanding Electrical Americas And Data Centers Will Unlock New Markets
Analysts’ bullish outlook on Eaton, driven by anticipated sector-wide earnings strength and higher valuation multiples, has resulted in the consensus price target holding steady at $390.35. Analyst Commentary Bullish analysts are raising price targets in anticipation of an upward bias to Eaton's earnings estimates and solid Q2 sector results.Seeking Alpha • Apr 23
Eaton Corporation: Powering Future Innovation
Summary Eaton Corp's management has highlighted four core catalysts that could result in "rapid growth" until 2030. ETN is a leading Electrical Equipment and Power Solutions company that should benefit from the energy and infrastructure needed to support AI. ETN’s valuation has contracted, but steady cash flow and growth continue to support a stable, growing dividend. Read the full article on Seeking AlphaSeeking Alpha • Mar 12
Eaton: A Nice Deal, But Waiting To See Appeal
Summary Eaton Corporation plc's shares have experienced significant volatility due to economic concerns, but after a $100 pullback, valuations are a lot more attractive. The company focuses on electrification and digitalization, with strong growth in key segments and a solid track record of value creation. Despite a strong 2024 performance and a promising 2025 outlook, economic risks and high valuations warrant caution before investing in ETN given today's uncertainty. I am awaiting a further price drop to $250 before considering investment, despite Eaton's diversified growth drivers and recent bolt-on acquisition. Read the full article on Seeking AlphaShareholder Returns
| ETN | US Electrical | US Market | |
|---|---|---|---|
| 7D | 8.1% | 4.9% | 4.2% |
| 1Y | 23.7% | 46.1% | 20.6% |
Return vs Industry: ETN underperformed the US Electrical industry which returned 46.1% over the past year.
Return vs Market: ETN exceeded the US Market which returned 20.6% over the past year.
Price Volatility
| ETN volatility | |
|---|---|
| ETN Average Weekly Movement | 7.2% |
| Electrical Industry Average Movement | 13.1% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: ETN has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: ETN's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1911 | 97,303 | Paulo Sternadt | www.eaton.com |
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.
Eaton Corporation plc Fundamentals Summary
| ETN fundamental statistics | |
|---|---|
| Market cap | US$174.27b |
| Earnings (TTM) | US$3.83b |
| Revenue (TTM) | US$30.03b |
45.5x
P/E Ratio5.8x
P/S RatioIs ETN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ETN income statement (TTM) | |
|---|---|
| Revenue | US$30.03b |
| Cost of Revenue | US$19.21b |
| Gross Profit | US$10.82b |
| Other Expenses | US$6.99b |
| Earnings | US$3.83b |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 9.86 |
| Gross Margin | 36.02% |
| Net Profit Margin | 12.75% |
| Debt/Equity Ratio | 101.5% |
How did ETN perform over the long term?
See historical performance and comparisonDividends
1.0%
Current Dividend Yield43%
Payout RatioDoes ETN pay a reliable dividends?
See ETN dividend history and benchmarks| Eaton dividend dates | |
|---|---|
| Ex Dividend Date | Aug 07 2026 |
| Dividend Pay Date | Aug 28 2026 |
| Days until Ex dividend | 2 days |
| Days until Dividend pay date | 19 days |
Does ETN pay a reliable dividends?
See ETN dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/09 01:40 |
| End of Day Share Price | 2026/08/07 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Eaton Corporation plc is covered by 51 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| Mircea Dobre | Baird |
| Andrew Kaplowitz | Barclays |