Analyst Consensus ?
ConsensusBuy39 ratings
Bullish2871.8%
Neutral1128.2%
Bearish00.0%
Eaton Corporation plc · ETN · FY2025 Q2 · Calendar Q3 2025
Eaton Q2: Data-Center Demand Lifts Growth, Capacity Adds Risk
Eaton's Q2 analysis supports a constructive growth case centered on data-center power demand, aerospace activity, backlog and capacity additions. The evidence is balanced by vehicle and eMobility weakness, tariff and FX exposure, integration demands and the possibility that expansion temporarily weighs on margins.
Reported Before market openNYSEIndustrials
$166.83B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.95
Consensus $2.93
EPS surprise
+0.7%
Reported versus consensus
Reported revenue
$7.03B
Consensus $6.91B
Revenue surprise
+1.7%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-7.4%
Event window
SPY move
-0.5%
Same window
Abnormal move
-6.9%
Stock minus SPY
Volume
3.2×
Versus trailing sessions
Subsequent drift
-3.8%
Up to 20 sessions
ETNSPY benchmark
Ask FN2 about ETN FY2025 Q2
Transcript, numbers and history already loaded
Why did ETN fall 7.4% after beating EPS estimates in FY2025 Q2?What changed in ETN's guidance and outlook in FY2025 Q2?Give me the bull and bear case for ETN after FY2025 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior quarter, Eaton moved from record results and a raised outlook to another record revenue quarter, stronger data-center order momentum, additional strategic acquisitions and a higher 2025 guidance framework. Management also highlighted a larger near-term margin burden from capacity expansion.
Guidance delta
Management raised 2025 organic-growth and EPS guidance, building on the prior quarter's raised organic-growth outlook and reaffirmed EPS guidance.
Key takeaways
- Record Q2 revenue and higher adjusted EPS reflected strong demand in data-center and aerospace-related markets
- Data-center orders rose sharply, while Electrical Americas backlog increased and core book-to-bill remained above 1
- Acquisitions and partnerships broadened Eaton's exposure to aerospace, AI data-center power and EV charging
- Capacity expansion supports the growth plan but creates a near-term operating-margin headwind
Management priorities
- Launch solid-state transformer products for AI data centers
- Integrate Ultra PCS and Resilient Power into aerospace and data-center portfolios
- Expand transformer, switchgear and voltage-regulator capacity through 2026
- Continue targeted M&A and EV-charging and software initiatives
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$429.65Current
$142Low
$333.79Average
$520High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 10, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Neutral | Upgrade | Sep 8, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Aug 28, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 11, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 3, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 3, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Aug 3, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | May 6, 2026 |
| Keybanc | Overweight | Overweight | Maintain | May 6, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | May 6, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | May 6, 2026 |
| HSBC | Buy | Hold | Upgrade | Jan 16, 2026 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Dec 9, 2025 |
| Mizuho | Outperform | Outperform | Maintain | Oct 17, 2025 |
| Melius Research | Buy | Hold | Upgrade | Sep 15, 2025 |
| Raymond James | Outperform | Outperform | Maintain | Aug 7, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Jul 8, 2025 |
| Jefferies | Buy | Buy | Maintain | Mar 12, 2025 |
| B of A Securities | Buy | Buy | Maintain | Nov 13, 2024 |
| Argus Research | Buy | Buy | Maintain | May 2, 2024 |
| Berenberg | Buy | Buy | Maintain | Mar 6, 2024 |
| Deutsche Bank | Buy | Buy | Maintain | Apr 12, 2023 |
| Oppenheimer | Perform | Outperform | Downgrade | Dec 6, 2022 |
| Credit Suisse | Outperform | Outperform | Maintain | Nov 2, 2022 |
| Stephens & Co. | Equal Weight | Overweight | Downgrade | May 4, 2020 |
| Gordon Haskett | Buy | Hold | Upgrade | Apr 3, 2020 |
| Vertical Research | Buy | Hold | Upgrade | Feb 6, 2020 |
| Baird | Neutral | Neutral | Maintain | Feb 5, 2020 |
| Bank of America | Buy | Neutral | Upgrade | Dec 17, 2019 |
| Vertical Group | Hold | Buy | Downgrade | Oct 9, 2019 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| Stifel Nicolaus | Buy | Buy | Maintain | May 3, 2018 |
| Stifel | Buy | Buy | Maintain | May 3, 2018 |
| Longbow Research | Buy | Neutral | Upgrade | Apr 4, 2017 |
| Buckingham Research | Neutral | Neutral | Maintain | May 2, 2016 |
| Bernstein | Market Perform | Market Perform | Maintain | May 2, 2016 |
| Standpoint Research | Hold | Buy | Downgrade | Feb 17, 2016 |
| William Blair | Neutral | Outperform | Downgrade | Oct 15, 2015 |
| MKM Partners | Neutral | Buy | Downgrade | Feb 5, 2014 |
| ISI Group | Buy | Strong Buy | Downgrade | Aug 9, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $429.65. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Analyst unavailable | $503 | $440 | +17.1% | Sep 24, 2026 |
| UBS | Analyst unavailable | $515 | $410.85 | +19.9% | Sep 7, 2026 |
| Morgan Stanley | Toby Okwara | $520 | $416.04 | +21.0% | Aug 28, 2026 |
| Robert W. Baird | Analyst unavailable | $500 | $415.29 | +16.4% | Aug 20, 2026 |
| RBC Capital | Analyst unavailable | $512 | $430.45 | +19.2% | Aug 3, 2026 |
| BMO Capital | Analyst unavailable | $487 | $415.2 | +13.3% | Aug 3, 2026 |
| Evercore ISI | David Raso | $502 | $415.2 | +16.8% | Aug 3, 2026 |
| Evercore ISI | Analyst unavailable | $453 | $401.89 | +5.4% | May 11, 2026 |
| Morgan Stanley | Analyst unavailable | $500 | $401.51 | +16.4% | May 10, 2026 |
| RBC Capital | Analyst unavailable | $484 | $410.6 | +12.6% | May 6, 2026 |
| KeyBanc | Jeffrey Hammond | $480 | $410.86 | +11.7% | May 6, 2026 |
| BMO Capital | Analyst unavailable | $428 | $357.1 | -0.4% | Mar 26, 2026 |
| RBC Capital | Analyst unavailable | $407 | $364.53 | -5.3% | Feb 4, 2026 |
| Morgan Stanley | Analyst unavailable | $425 | $371.14 | -1.1% | Feb 4, 2026 |
| HSBC | Sean McLoughlin | $400 | $333.46 | -6.9% | Jan 16, 2026 |
| RBC Capital | Analyst unavailable | $399 | $337 | -7.1% | Jan 15, 2026 |
| Morgan Stanley | Analyst unavailable | $405 | $327.57 | -5.7% | Jan 12, 2026 |
| Barclays | Julian Mitchell | $350 | $332.97 | -18.5% | Jan 7, 2026 |
| UBS | Analyst unavailable | $360 | $327.31 | -16.2% | Jan 4, 2026 |
| Bernstein | Analyst unavailable | $295 | $315.95 | -31.3% | Dec 19, 2025 |
| Wells Fargo | Joseph O'Dea | $340 | $315.82 | -20.9% | Dec 18, 2025 |
| Wolfe Research | Nigel Coe | $413 | $343.39 | -3.9% | Dec 9, 2025 |
| Barclays | Analyst unavailable | $362 | $377.72 | -15.7% | Nov 5, 2025 |
| Mizuho Securities | Analyst unavailable | $425 | $375.59 | -1.1% | Oct 17, 2025 |
| KeyBanc | Jeffrey Hammond | $420 | $375.37 | -2.2% | Oct 14, 2025 |
| Melius Research | Analyst unavailable | $495 | $365.9 | +15.2% | Sep 15, 2025 |
| Raymond James | Deane Dray | $415 | $360.16 | -3.4% | Aug 7, 2025 |
| Bernstein | Chad Dillard | $396 | $359.37 | -7.8% | Jul 14, 2025 |
| BNP Paribas | Andrew Buscaglia | $380 | $326.82 | -11.6% | May 15, 2025 |
| Morgan Stanley | Christopher Snyder | $375 | $298.11 | -12.7% | May 6, 2025 |
| RBC Capital | Deane Dray | $356 | $298.58 | -17.1% | May 5, 2025 |
| Wells Fargo | Joseph O'Dea | $355 | $298.58 | -17.4% | May 5, 2025 |
| Wells Fargo | Joseph O'Dea | $310 | $298.58 | -27.8% | May 5, 2025 |
| Barclays | Analyst unavailable | $315 | $285.52 | -26.7% | Mar 26, 2025 |
| RBC Capital | Analyst unavailable | $376 | $277.55 | -12.5% | Mar 6, 2025 |
| Barclays | Analyst unavailable | $325 | $278.46 | -24.4% | Mar 3, 2025 |
| Wells Fargo | Joseph O'Dea | $335 | $315.41 | -22.0% | Feb 3, 2025 |
| Wells Fargo | Joseph O'Dea | $350 | $343.91 | -18.5% | Jan 7, 2025 |
| Bernstein | Chad Dillard | $382 | $336.75 | -11.1% | Nov 5, 2024 |
| Citigroup | Andrew Kaplowitz | $348 | $305.8 | -19.0% | Sep 16, 2024 |
| Raymond James | Tim Thein | $365 | $284.97 | -15.0% | Sep 9, 2024 |
| Morgan Stanley | Chris Snyder | $370 | $285.72 | -13.9% | Sep 6, 2024 |
| Jefferies | Stephen Volkmann | $385 | $329.55 | -10.4% | Jul 11, 2024 |
| Mizuho Securities | Brett Linzey | $355 | $313.46 | -17.4% | May 1, 2024 |
| RBC Capital | Deane Dray | $371 | $320.16 | -13.7% | Apr 4, 2024 |
| Barclays | Julian Mitchell | $300 | $312.03 | -30.2% | Apr 2, 2024 |
| RBC Capital | Deane Dray | $286 | $300.29 | -33.4% | Mar 14, 2024 |
| Morgan Stanley | Analyst unavailable | $175 | $161.77 | -59.3% | Jan 6, 2023 |
| Wells Fargo | Analyst unavailable | $163 | $156.61 | -62.1% | Jan 5, 2023 |
| Barclays | Analyst unavailable | $130 | $158.82 | -69.7% | Jan 5, 2023 |
| Credit Suisse | John Walsh | $167 | $152.33 | -61.1% | Aug 15, 2022 |
| UBS | Analyst unavailable | $173 | $147.65 | -59.7% | Aug 3, 2022 |
| Mizuho Securities | Analyst unavailable | $160 | $146.92 | -62.8% | Aug 3, 2022 |
| Barclays | Analyst unavailable | $124 | $147.48 | -71.1% | Aug 3, 2022 |
| Mizuho Securities | Analyst unavailable | $145 | $128.52 | -66.3% | Jul 18, 2022 |
| Deutsche Bank | Analyst unavailable | $156 | $125.76 | -63.7% | Jul 13, 2022 |
| Wells Fargo | Analyst unavailable | $139 | $126.88 | -67.6% | Jul 13, 2022 |
| Wells Fargo | Joseph O’Dea | $142 | $127.87 | -66.9% | Jul 11, 2022 |
| Barclays | Analyst unavailable | $112 | $129.59 | -73.9% | Jul 8, 2022 |
| Goldman Sachs | Analyst unavailable | $146 | $126.22 | -66.0% | Jun 23, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $170 | $141.36 | -60.4% | Jun 7, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $180 | $143.38 | -58.1% | May 17, 2022 |
| Morgan Stanley | Analyst unavailable | $174 | $145.26 | -59.5% | May 4, 2022 |
| Wells Fargo | Analyst unavailable | $159 | $147.03 | -63.0% | May 4, 2022 |
| Barclays | Analyst unavailable | $145 | $146.58 | -66.3% | May 4, 2022 |
| Oppenheimer | Christopher Glynn | $170 | $146.41 | -60.4% | May 2, 2022 |
| Deutsche Bank | Nicole DeBlase | $175 | $140.66 | -59.3% | Apr 19, 2022 |
| Barclays | Julian Mitchell | $155 | $146.61 | -63.9% | Apr 5, 2022 |
| Evercore ISI | David Raso | $181 | $153.36 | -57.9% | Feb 21, 2022 |
| Wolfe Research | Nigel Coe | $194 | $149.31 | -54.8% | Feb 7, 2022 |
| Berenberg Bank | Phil Buller | $200 | $169.63 | -53.5% | Nov 5, 2021 |
| Oppenheimer | Christopher Glynn | $185 | $167.84 | -56.9% | Nov 3, 2021 |
| Citigroup | Timothy Thein | $180 | $150.14 | -58.1% | Oct 12, 2021 |
| HSBC | Puneet Garg | $153 | $154.77 | -64.4% | Sep 14, 2021 |
| Goldman Sachs | Joe Ritchie | $186 | $158.82 | -56.7% | Sep 10, 2021 |
| UBS | Markus Mittermaier | $186 | $164.53 | -56.7% | Aug 11, 2021 |
| Argus Research | John Eade | $185 | $164.96 | -56.9% | Aug 10, 2021 |
| Bank of America Securities | Andrew Obin | $195 | $159.52 | -54.6% | Aug 4, 2021 |
| J.P. Morgan | Ann Duignan | $145 | $151.84 | -66.3% | Jul 13, 2021 |
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Start freeCompany context
Snapshot as of publicationEaton Corp. Plc is a power management company, which provides energy-efficient solutions for electrical, hydraulic, and mechanical power. It operates through the following segments: Electrical Americas and Electrical Global; Aerospace, Vehicle, and eMobility. The Electrical Americas and Electrical Global segments engage in sales contracts for electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality, wiring devices, circuit protection, utility power distribution, power reliability equipment, and service.…
Historical context
All ETN earningsIndustrials peers this season
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Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-10T13:30:44.916722+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-10T13:30:44.914012+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-10. For educational purposes only; not investment advice.