Eaton Corporation plc
Shortcut
3.56Normalized diluted EPS
+0.2% vs Street
Street
3.55Normalized diluted EPS
November 1 consensus snapshot
Real
3.68Reported normalized EPS
Model download
Explore the assumptions and calculations behind the forecast. This is the agent’s original workbook. Its review didn’t finish, so it hasn’t been checked or repaired.
Shortcut’s reasoning.
Q3 guidance (31-Jul-26): adj. EPS $3.46–3.56, organic +13.5–15.5%, segment margin 24.6–25.0%, corporate ~$380M, tax 20.5–21.5%, Boyd ~$430M, Ultra PCS ~$65M, FX ~$0.
CEO at MS Laguna (16-Sep-26): very strong July/August, aiming at high end of Q3 guidance on every metric; modelled organic +15.3% (Eaton basis) and segment margin 25.0%.
Electrical Americas margin 30.2% (guided +250bp Q/Q from 27.5% via April/August pricing and plant productivity); EG 20.4% with price increase pulled into Q3; Aerospace 24.4%; Mobility 13.0%.
Segment profit $2,137M − corporate $380M = adj. pretax $1,757M; 21.0% tax; 389.7M diluted shares (no 2026 buybacks) → $3.557 vs $3.55 consensus (24/24).
Beat history 6/6 vs consensus (avg +$0.037) but consensus already sits at the top of guidance and ETN exceeded its own guide high end in only 1 of 6 quarters; peers (Vertiv, Hubbell, Schneider) strong; copper at records and 2Q26 tax overshoot are downside risks.
On the record.
- Reporting period
- FQ3 2026 (quarter ended 2026-09-30)
- Reporting basis
- Adjusted (non-GAAP) diluted EPS per ordinary share, USD — Eaton "adjusted earnings per ordinary share" = normalized EPS (excludes intangible amortization, acquisition/divestiture charges, restructuring program charges)
- Consensus snapshot
- November 1, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Original workbook · review incomplete
Record history
- Forecast generated
- Nov 1, 2026 at 10:17 PM PST
- First posted
- Nov 2, 2026 at 4:10 PM PST
- Result checked
- Nov 3, 2026 at 6:29 AM PST
Result basis
Adjusted earnings per ordinary share; per-share data assume dilution. GAAP diluted EPS 2.77 remains distinct.