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Switchgear & Transformers

Eaton's Q3 2026 sales rise 28% to a record US$8.9 billion as Electrical backlog grows 46% and it raises its organic growth outlook

. Source published 3 Nov 2026. Original reporting: Eaton (Business Wire) (opens in a new tab).

What changed

Eaton reported record third-quarter 2026 sales of US$8.9 billion, up 28% on a year earlier: 19% organic growth, 8% from acquisitions and 1% from currency. Segment margins were a record 25.3%. Electrical Americas sales were a record US$4.2 billion (up 22% organically, margin 29.8%), and Electrical Global sales rose 58% to a record US$2.7 billion, of which 27 points were organic and 31 points came from Boyd Thermal, the liquid cooling maker Eaton bought in March 2026. Twelve-month rolling organic orders rose 39% in Electrical Americas and 51% in Electrical Global, and total Electrical backlog was up 46% year on year (Electrical Global up 121%). Eaton now expects full-year 2026 organic growth of 13% to 15% and adjusted earnings per share of US$13.70 to US$13.80 (company guidance). It also restated its agreement to buy COL Group of Italy for €810 million, expected to close in the first quarter of 2027.

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Read the original: Eaton (Business Wire): Eaton's Q3 2026 sales rise 28% to a record US$8.9 billion as Electrical backlog grows 46% and it raises its organic growth outlook (opens in a new tab)
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