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Eaton Corporation plc (ETN) Q2 FY2026 Financial Statements: Revenue $8.53B, Net income $821.00M

CIK 0001551182 · NYSE · Latest period: Q2 FY2026 (ended 2026-06-30, 10-Q accession 0001551182-26-000030) · Annual report: FY2025 10-K (filed 2026-02-26, accession 0001551182-26-000007) · Next expected filing: 10-Q ~2026-11-03

More for Eaton: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2026

Published

Eaton Corporation plc reported record net sales of $8.53 billion for Q2 FY2026, the quarter ended June 30, 2026, up 21.4% from a year earlier, and segment operating profit of $1.97 billion, up 17.4%. Net income attributable to Eaton shareholders was $821 million, down 16.4%, or $2.11 per diluted share, because costs below the segment line rose faster than the operating businesses grew: intangible amortization, net interest expense and acquisition charges all increased with the Boyd Thermal and Ultra PCS purchases, and the effective tax rate was higher than a year earlier. Electrical Americas, Eaton's largest segment, sold $3.95 billion, up 17.9%, on data center and machine OEM demand.

MetricAmountvs. year ago
Revenue$8,531,000,000up 21.4%
Net income$821,000,000down 16.4%
Diluted EPS$2.11down 15.9%
Segment operating profit$1,974,000,000up 17.4%
Electrical Americas sales$3,951,000,000up 17.9%

About this file

TickerETN
CIK0001551182
CompanyEaton Corporation plc
Business typeindustrial
Schema templatestandard industrial (net sales, cost of products sold, gross profit, segment operating profit, net income, diluted EPS; balance sheet; cash flow with capex and free cash flow)
Reporting currencyUSD
Converted to USDno
Unitsactual dollars (not millions); share counts in actual shares; per-share amounts in dollars per ordinary share

ETN annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
LabelFY2025FY2024FY2023
Period start2025-01-012024-01-012023-01-01
Period end2025-12-312024-12-312023-12-31
Period typefiscal yearfiscal yearfiscal year
Source accession0001551182-26-0000070001551182-26-0000070001551182-26-000007
Income statement
Net sales27,448,000,00024,878,000,00023,196,000,000
Cost of products sold17,131,000,00015,375,000,00014,762,000,000
Selling and administrative expense4,311,000,0004,077,000,0003,795,000,000
Research and development expense797,000,000794,000,000754,000,000
Interest expense net241,000,000130,000,000151,000,000
Other expense income net37,000,000-64,000,000-93,000,000
Income before income taxes4,932,000,0004,566,000,0003,827,000,000
Income tax expense841,000,000768,000,000604,000,000
Net income including noncontrolling interests4,090,000,0003,798,000,0003,223,000,000
Net income4,087,000,0003,794,000,0003,218,000,000
Diluted EPS10.459.58.02
Basic EPS10.489.548.06
Dividends declared per ordinary share4.163.763.44
Diluted shares391,200,000399,400,000401,100,000
Basic shares389,900,000397,600,000399,100,000
Total segment operating profit6,713,000,0005,959,000,0005,093,000,000
Intangible asset amortization expense486,000,000425,000,000450,000,000
Gross profit10,317,000,0009,503,000,0008,434,000,000
Segments
Net sales
Electrical americas13,276,000,00011,436,000,00010,098,000,000
Electrical global6,815,000,0006,248,000,0006,084,000,000
Aerospace4,249,000,0003,744,000,0003,413,000,000
Vehicle2,505,000,0002,790,000,0002,965,000,000
Emobility604,000,000662,000,000636,000,000
Segment operating profit
Electrical americas3,972,000,0003,455,000,0002,675,000,000
Electrical global1,323,000,0001,149,000,0001,176,000,000
Aerospace1,013,000,000859,000,000780,000,000
Vehicle419,000,000502,000,000482,000,000
Emobility-14,000,000-7,000,000-21,000,000
Balance sheet
Cash622,000,000555,000,000
Short term investments181,000,0001,525,000,000
Accounts receivable net5,387,000,0004,619,000,000
Inventory4,721,000,0004,227,000,000
Total current assets12,355,000,00011,801,000,000
Net property plant and equipment4,316,000,0003,729,000,000
Goodwill15,769,000,00014,713,000,000
Other intangible assets5,054,000,0004,658,000,000
Total assets41,251,000,00038,381,000,000
Short term debt1,000,0000
Current portion of long term debt1,136,000,000674,000,000
Accounts payable4,168,000,0003,678,000,000
Total current liabilities9,370,000,0007,857,000,000
Long term debt8,758,000,0008,478,000,000
Total noncurrent liabilities12,412,000,00011,994,000,000
Total eaton shareholders equity19,425,000,00018,488,000,000
Noncontrolling interests44,000,00043,000,000
Total equity19,469,000,00018,531,000,000
Ordinary shares outstanding387,900,000392,900,000
Total debt9,895,000,0009,152,000,000
Total liabilities21,782,000,00019,851,000,000
Net debt9,092,000,0007,072,000,000
Cash flow
Depreciation and amortization1,006,000,000921,000,000926,000,000
Operating cash flow4,472,000,0004,327,000,0003,624,000,000
Capex-919,000,000-808,000,000-757,000,000
Acquisitions net of cash acquired-1,490,000,000-50,000,0000
Investing cash flow-1,101,000,000-271,000,000-2,575,000,000
Dividends paid-1,626,000,000-1,500,000,000-1,379,000,000
Share repurchases-1,862,000,000-2,492,000,0000
Financing cash flow-3,173,000,000-3,936,000,000-871,000,000
Free cash flow3,553,000,0003,519,000,0002,867,000,000

ETN quarterly income statement, balance sheet and cash flow

Q2 2026Q2 2025
LabelQ2 2026Q2 2025
Period start2026-04-012025-04-01
Period end2026-06-302025-06-30
Period typethree monthsthree months
Source accession0001551182-26-0000300001551182-26-000030
Income statement
Net sales8,531,000,0007,028,000,000
Cost of products sold5,676,000,0004,431,000,000
Selling and administrative expense1,236,000,0001,149,000,000
Research and development expense227,000,000192,000,000
Interest expense net201,000,00071,000,000
Other expense income net47,000,000-1,000,000
Income before income taxes1,144,000,0001,186,000,000
Income tax expense321,000,000203,000,000
Net income including noncontrolling interests823,000,000982,000,000
Net income821,000,000982,000,000
Diluted EPS2.112.51
Basic EPS2.112.52
Dividends declared per ordinary share1.11.04
Diluted shares389,500,000391,400,000
Basic shares388,500,000390,300,000
Total segment operating profit1,974,000,0001,682,000,000
Intangible asset amortization expense255,000,000129,000,000
Gross profit2,855,000,0002,597,000,000
Segments
Net sales
Electrical americas3,951,000,0003,350,000,000
Electrical global2,517,000,0001,753,000,000
Aerospace1,222,000,0001,080,000,000
Mobility841,000,000845,000,000
Segment operating profit
Electrical americas1,088,000,000987,000,000
Electrical global499,000,000353,000,000
Aerospace278,000,000240,000,000
Mobility109,000,000102,000,000
Balance sheet
Cash483,000,000
Short term investments212,000,000
Accounts receivable net6,673,000,000
Inventory5,417,000,000
Total current assets14,772,000,000
Net property plant and equipment4,702,000,000
Goodwill20,229,000,000
Other intangible assets12,611,000,000
Total assets56,181,000,000
Short term debt2,091,000,000
Current portion of long term debt11,000,000
Accounts payable5,421,000,000
Total current liabilities11,909,000,000
Long term debt18,509,000,000
Total noncurrent liabilities23,972,000,000
Total eaton shareholders equity20,254,000,000
Noncontrolling interests45,000,000
Total equity20,299,000,000
Total debt20,611,000,000
Total liabilities35,881,000,000
Net debt19,916,000,000
Ordinary shares outstanding388,400,000

ETN year-to-date income statement and cash flow

Six months ended June 30, 2026
LabelSix months ended June 30, 2026
Period start2026-01-01
Period end2026-06-30
Period typesix months
Source accession0001551182-26-000030
Income statement
Net sales15,982,000,000
Cost of products sold10,476,000,000
Selling and administrative expense2,506,000,000
Research and development expense437,000,000
Interest expense net307,000,000
Other expense income net6,000,000
Income before income taxes2,251,000,000
Income tax expense561,000,000
Net income including noncontrolling interests1,690,000,000
Net income1,687,000,000
Gross profit5,506,000,000
Total segment operating profit3,664,000,000
Intangible asset amortization expense395,000,000
Diluted EPS4.33
Basic EPS4.34
Dividends declared per ordinary share2.2
Diluted shares389,400,000
Basic shares388,400,000
Cash flow
Depreciation and amortization671,000,000
Operating cash flow1,634,000,000
Capex-446,000,000
Acquisitions net of cash acquired-11,079,000,000
Investing cash flow-11,661,000,000
Dividends paid-858,000,000
Share repurchases0
Financing cash flow9,874,000,000
Free cash flow1,188,000,000
Segments
Net sales
Electrical americas7,551,000,000
Electrical global4,463,000,000
Aerospace2,362,000,000
Mobility1,607,000,000
Segment operating profit
Electrical americas2,010,000,000
Electrical global873,000,000
Aerospace582,000,000
Mobility198,000,000
Prior year comparative
LabelSix months ended June 30, 2025
Period start2025-01-01
Period end2025-06-30
Period typesix months
Source accession0001551182-26-000030
Income statement
Net sales13,404,000,000
Cost of products sold8,361,000,000
Selling and administrative expense2,197,000,000
Research and development expense390,000,000
Interest expense net103,000,000
Other expense income net-10,000,000
Income before income taxes2,363,000,000
Income tax expense415,000,000
Net income including noncontrolling interests1,947,000,000
Net income1,945,000,000
Gross profit5,043,000,000
Total segment operating profit3,204,000,000
Intangible asset amortization expense235,000,000
Diluted EPS4.96
Basic EPS4.97
Dividends declared per ordinary share2.08
Diluted shares392,500,000
Basic shares391,200,000
Cash flow
Depreciation and amortization493,000,000
Operating cash flow1,156,000,000
Capex-349,000,000
Acquisitions net of cash acquired-1,450,000,000
Investing cash flow-490,000,000
Dividends paid-818,000,000
Share repurchases-1,307,000,000
Financing cash flow-697,000,000
Free cash flow807,000,000
Segments
Net sales
Electrical americas6,360,000,000
Electrical global3,362,000,000
Aerospace2,059,000,000
Mobility1,624,000,000
Segment operating profit
Electrical americas1,891,000,000
Electrical global653,000,000
Aerospace466,000,000
Mobility194,000,000

ETN trailing twelve month income statement and cash flow

Twelve months ended June 30, 2026
LabelTwelve months ended June 30, 2026
Period start2025-07-01
Period end2026-06-30
Period typetrailing twelve months
Source accession0001551182-26-000030
Income statement
Net sales30,026,000,000
Cost of products sold19,246,000,000
Selling and administrative expense4,620,000,000
Research and development expense844,000,000
Interest expense net445,000,000
Other expense income net53,000,000
Income before income taxes4,820,000,000
Income tax expense987,000,000
Net income including noncontrolling interests3,833,000,000
Net income3,829,000,000
Gross profit10,780,000,000
Total segment operating profit7,173,000,000
Intangible asset amortization expense646,000,000
Diluted EPS9.82
Cash flow
Depreciation and amortization1,184,000,000
Operating cash flow4,950,000,000
Capex-1,016,000,000
Acquisitions net of cash acquired-11,119,000,000
Investing cash flow-12,272,000,000
Dividends paid-1,666,000,000
Share repurchases-555,000,000
Financing cash flow7,398,000,000
Free cash flow3,934,000,000

Adjustments

Value
Splits appliednone
ADR ration/a
FXNone. Eaton reports in US dollars; the 2025 Form 10-K states the reporting currency is United States Dollars.

Notes

  • Figures come from two filings: Eaton Corporation plc's Form 10-K for the year ended December 31, 2025 (accession 0001551182-26-000007, filed February 26, 2026) and its Form 10-Q for the quarter ended June 30, 2026 (accession 0001551182-26-000030, filed July 31, 2026). Every statement in both is captioned in millions except per-share data; all amounts here are restated into actual dollars, share counts into actual shares, and per-share amounts left in dollars per ordinary share.
  • The periods reported are exactly the ones those two filings print. The 10-K's income statement and cash flow statement carry three years (2025, 2024, 2023) and its balance sheet carries two (December 31, 2025 and 2024), so fiscal 2023 is reported here without a balance sheet. The 10-Q prints the three months and six months ended June 30, 2026 and 2025, a balance sheet at June 30, 2026 alongside December 31, 2025, and a cash flow statement on a six-month basis only.
  • Eaton is reported on a standard industrial template: net sales, cost of products sold, gross profit, segment operating profit, net income and diluted EPS; a balance sheet with cash, debt, assets and equity; and cash flow with capital expenditures and free cash flow. The company is a diversified power management manufacturer, so this is the frame that makes the business legible.
  • Eaton's income statement does not print a gross profit line. Gross profit here is net sales less cost of products sold, which reproduces the gross profit Eaton itself publishes in the 10-K's Consolidated Financial Results table: $10,317 million for 2025, $9,503 million for 2024 and $8,434 million for 2023, or 37.6%, 38.2% and 36.4% of net sales.
  • Eaton also prints no consolidated operating income line. In its place this record carries total segment operating profit, the measure Eaton's chief operating decision maker uses, taken from the business segment note: $6,713 million in 2025, $5,959 million in 2024 and $5,093 million in 2023. Corporate items - intangible asset amortization, net interest expense, restructuring charges and other - sit between that subtotal and income before income taxes.
  • 'net_income' is net income attributable to Eaton ordinary shareholders, which is the numerator Eaton strikes its per-share figures on. The consolidated total before deducting noncontrolling interests is carried separately as 'net_income_including_noncontrolling_interests'.
  • Total debt is short-term debt plus the current portion of long-term debt plus long-term debt, as those three lines appear on the balance sheet. Net debt subtracts cash and short-term investments. Total liabilities is total current liabilities plus total noncurrent liabilities; Eaton's balance sheet does not print a combined total.
  • Free cash flow is net cash provided by operating activities less capital expenditures for property, plant and equipment. Cash flow amounts are carried with the sign the statement prints, so capital expenditures, dividends paid and share repurchases are negative.
  • The three-month periods carry no cash flow statement. Eaton's 10-Q presents cash flows on a six-month basis only, so the six-month figures are held in the year-to-date block rather than being split into quarters.
  • The trailing-twelve-month view is derived: fiscal 2025 plus the six months ended June 30, 2026 less the six months ended June 30, 2025. On that basis net sales are $30,026 million, net income attributable to ordinary shareholders $3,829 million, operating cash flow $4,950 million and free cash flow $3,934 million. Trailing diluted EPS of $9.82 is the same combination of the printed per-share figures; no trailing weighted-average share count is stated, because a weighted average cannot be added across periods.
  • During the first quarter of 2026 Eaton reorganized its reporting segments, combining the former Vehicle and eMobility segments into a single Mobility segment. The 10-Q recasts prior-period segment information onto the new four-segment basis (Electrical Americas, Electrical Global, Aerospace, Mobility); the 10-K, filed before the change took effect, presents fiscal 2025, 2024 and 2023 on the former five-segment basis. The annual and quarterly segment breakdowns in this record therefore sit on different bases and are not directly comparable. Consolidated net sales, profit and per-share figures are unaffected.
  • The June 30, 2026 balance sheet reflects two acquisitions closed in the first half of 2026: Boyd Thermal, a thermal components and systems business bought on March 12, 2026 for $9.55 billion net of cash acquired and reported within Electrical Global, and Ultra PCS Limited, an aerospace electronic controls business bought on January 23, 2026 for $1.53 billion net of cash acquired and reported within Aerospace. Cash paid for acquisitions was $11,079 million in the six months. Goodwill rose from $15,769 million to $20,229 million, other intangible assets from $5,054 million to $12,611 million, and total debt from $9,895 million to $20,611 million.
  • Those purchase price allocations are preliminary. Eaton states that the estimated fair values for Boyd Thermal and Ultra PCS will continue to be revised during the measurement period and that the differences could have a material impact on the allocation.
  • The acquisitions also explain why second-quarter earnings fell while sales rose. Net sales grew 21% year over year to $8,531 million, but intangible asset amortization roughly doubled to $255 million from $129 million and net interest expense rose to $201 million from $71 million, leaving diluted EPS at $2.11 against $2.51 a year earlier.
  • Both filings state that certain prior year amounts have been reclassified to conform to the current year presentation. No period's previously reported consolidated results were restated in a way that changed the figures in these statements.
  • Share counts were checked against the filings themselves: the ordinary share rollforward in the 10-K's statement of shareholders' equity ties (392.9 million at the end of 2024, less 5.7 million repurchased, plus 0.7 million issued under equity-based compensation plans, equals 387.9 million at the end of 2025), and the 388.4 million ordinary shares outstanding at June 30, 2026 sit alongside a weighted-average diluted count of 389.5 million for the quarter.
  • Eaton reports in US dollars, so no currency translation was applied. The company's ordinary shares are listed directly rather than as depositary receipts, and it has not split its shares in the period these filings cover, so no per-share adjustment was made.

Uncertainties

  • No cash flow statement is reported for the individual three-month periods. Eaton's 10-Q presents cash flows for the six months ended June 30 only, and splitting them into quarters would require a first-quarter cash flow statement that is not in either of these filings.
  • No balance sheet is reported for the quarter ended June 30, 2025. The 10-Q's balance sheet columns are June 30, 2026 and December 31, 2025, and no balance sheet as of June 30, 2025 appears in either filing.
  • The first quarters of 2026 and 2025 are not reported as separate periods. Neither filing prints a three-month column ending March 31, and a first quarter obtained by subtracting the second quarter from the six months would carry no cash flow or balance sheet of its own.
  • Fiscal 2023 carries no balance sheet. The 10-K's balance sheet presents only December 31, 2025 and December 31, 2024.
  • The goodwill, other intangible assets and deferred income tax balances at June 30, 2026 rest on preliminary purchase price allocations for Boyd Thermal and Ultra PCS that Eaton says may still change materially during the measurement period.
  • Segment figures for fiscal 2025, 2024 and 2023 are on Eaton's former five-segment basis and segment figures for the 2026 and 2025 quarters are on the recast four-segment basis, so the two sets should not be compared line for line.
  • Eaton notes in both filings that columns and rows may not add and that the sum of components may not equal reported totals because of rounding. Total liabilities plus total equity differs from total assets by $1 million at December 31, 2024 and at June 30, 2026 for that reason.

Company details

Value
NameEaton Corp plc
TickerETN
CIK0001551182
ExchangeNYSE
StateIreland
Incorporation
SIC3590
OfficeTechnology
IndustryMisc Industrial & Commercial Machinery & Equipment

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ2
TagFY26Q2
Period end2026-06-30
Form10-Q
Accession0001551182-26-000030
Fiscal year end1231
Sourcefacts

Source filings

RoleCurrentFormFiscal yearFiscal periodTagPeriod endFiledAccessionUrlSource
annualno10-K2025FYFY252025-12-312026-02-260001551182-26-000007https://www.sec.gov/Archives/edgar/data/1551182/000155118226000007/0001551182-26-000007-index.htmreported
quarterlyyes10-Q2026Q2FY26Q22026-06-302026-07-310001551182-26-000030https://www.sec.gov/Archives/edgar/data/1551182/000155118226000030/0001551182-26-000030-index.htmfacts

FAQ · Eaton financial statements

How much revenue did Eaton report in Q2 FY2026?

Eaton Corporation plc reported net sales of $8.53 billion for Q2 FY2026, the quarter ended June 30, 2026, a record for the company and up 21.4% from $7.03 billion in the same quarter a year earlier.

What was Eaton's earnings per share in Q2 FY2026?

Eaton Corporation plc earned $2.11 per diluted share in Q2 FY2026, down 15.9% from $2.51 a year earlier, on net income attributable to Eaton shareholders of $821 million.

Why did Eaton's net income fall in Q2 FY2026?

Eaton Corporation plc's net income of $821 million in Q2 FY2026 was down 16.4% from $982 million a year earlier even though segment operating profit rose to $1.97 billion from $1.68 billion. The decline sits below the segment line, in higher intangible amortization, higher net interest expense and acquisition and divestiture charges from the Boyd Thermal and Ultra PCS acquisitions, together with a higher effective tax rate.

How much revenue does Eaton's Electrical Americas segment generate?

Electrical Americas, Eaton Corporation plc's largest segment, recorded net sales of $3.95 billion in Q2 FY2026, up 17.9% from $3.35 billion a year earlier, against total company net sales of $8.53 billion.

Where can I get Eaton Corporation plc (ETN) financial data in machine-readable form?

Ticker Scout publishes Eaton Corporation plc's financial statements as JSON at https://tickerscout.ai/etn/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/etn/narrative.md and https://tickerscout.ai/etn/events.md. Eaton Corporation plc's SEC CIK is 0001551182. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

When does Eaton Corporation plc (ETN) next file with the SEC?

Eaton Corporation plc (ETN) is expected to file its next Form 10-Q with the SEC on or around November 3, 2026. That date is a projection rather than a company-announced date: it is derived from Eaton Corporation plc's own filing history with the SEC, by taking the date the company filed the same fiscal period a year earlier and adding 52 weeks. The most recent periodic report on file is the 10-Q for Q2 FY2026, the period ended 2026-06-30, SEC accession 0001551182-26-000030.

How this page was built

This page was built from two of Eaton Corporation plc's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names seven such gaps.

A single company files thousands of pages with the SEC in a year, and no two companies file them the same way, so the reading and the assembly here are done by AI rather than by rules that break on the differences. Every pass is then audited back against the filings it came from before the page is published, and anything the filings do not support is left out and named rather than filled in. AI can still make mistakes. That is why the accession numbers are printed: the filing is the authority, and this page is a route to it.

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Built from Eaton Corporation plc's SEC filings by Ticker Scout; accession numbers are cited throughout so every figure can be checked against sec.gov. Free to cite with attribution: Ticker Scout (tickerscout.ai). Not investment advice, see the Disclaimer.