Eaton ETN

Eaton Corporation exceeded financial expectations for the first quarter of 2026, posting $7.45 billion in revenue—up 16.9% year-over-year—and earnings per share of $2.81. The company's Electrical Americas and Electrical Global segments led growth with sales increases of 20% and 21%, respectively. While not all segments fared well, with declines in Vehicle and Mobility sales, Eaton's robust order backlog, up 48%, and strategic acquisitions totaling around $11 billion bolster its outlook. With projections of reaching $33.7 billion in revenue by 2028, investor confidence remains strong.