Analyst Consensus ?
ConsensusHold17 ratings
Bullish741.2%
Neutral952.9%
Bearish15.9%
Hubbell Incorporated · HUBB · FY2026 Q2 · Calendar Q3 2026
Hubbell raises 2026 outlook as NSI and data centers lift growth
Hubbell's Q2 supports a constructive operating thesis: utility and data-center demand, NSI and capacity investment are extending growth, while pricing and productivity are intended to protect margins. The key test is whether management can convert the order book into durable growth while integrating NSI and reducing leverage.
Reported Before market openNYSEIndustrials
$24.24B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$5.52
Consensus $5.39
EPS surprise
+2.4%
Reported versus consensus
Reported revenue
$1.71B
Consensus $1.66B
Revenue surprise
+3.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-2.9%
Event window
SPY move
+0.2%
Same window
Abnormal move
-3.1%
Stock minus SPY
Volume
3.1×
Versus trailing sessions
Subsequent drift
-4.0%
Up to 20 sessions
HUBBSPY benchmark
Ask FN2 about HUBB FY2026 Q2
Transcript, numbers and history already loaded
Why did HUBB fall 2.9% after beating EPS estimates in FY2026 Q2?What changed in HUBB's guidance and outlook in FY2026 Q2?Give me the bull and bear case for HUBB after FY2026 Q2 earnings.
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Transcript intelligence
What changed
Compared with Q1, Hubbell completed the NSI acquisition, raised its 2026 outlook, increased planned capital spending to $175–190 million and reported stronger data-center growth. The company also identified a $20 million IEPA tariff refund expected in Q3 and additional pricing actions.
Guidance delta
Management raised full-year 2026 sales, operating profit and EPS guidance; the analysis cites an 11–18% sales-growth outlook.
Key takeaways
- Q2 sales grew 15% year over year, with double-digit organic growth in both major segments.
- Management said the completed NSI acquisition should be immediately accretive and add high-margin network infrastructure exposure.
- Data-center demand, utility transmission and substation projects, pricing and capacity expansion remain central growth drivers.
- The company plans $175–190 million of 2026 capital spending focused on higher-growth areas and modular products.
Management priorities
- Integrate NSI and pursue cross-selling across utility and electrical businesses.
- Expand capacity for data-center and high-voltage products.
- Use pricing, productivity and restructuring initiatives to support margins amid inflation.
- Reduce debt while maintaining dividend growth and share repurchases.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$463.7Current
$188Low
$449.44Average
$600High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 24, 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 |
|---|---|---|---|---|
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 2, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | May 4, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | May 4, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | May 1, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Feb 4, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Feb 4, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Jan 5, 2026 |
| Deutsche Bank | Hold | Buy | Downgrade | Nov 26, 2024 |
| Wolfe Research | Peer Perform | Underperform | Upgrade | Aug 11, 2023 |
| UBS | Sell | Sell | Maintain | May 16, 2023 |
| CFRA | Buy | Buy | Maintain | Apr 30, 2020 |
| Gabelli & Co. | Buy | Buy | Maintain | Aug 21, 2019 |
| Oppenheimer | Market Perform | Outperform | Downgrade | Jan 8, 2019 |
| JMP Securities | Outperform | Market Perform | Upgrade | Jun 18, 2018 |
| Barrington Research | Neutral | Neutral | Maintain | May 13, 2016 |
| Wunderlich Securities | Hold | Hold | Maintain | Oct 23, 2012 |
| Wunderlich | Hold | Hold | Maintain | Oct 23, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $463.7. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $575 | $441.87 | +24.0% | Sep 2, 2026 |
| Robert W. Baird | Analyst unavailable | $550 | $469.76 | +18.6% | Aug 20, 2026 |
| UBS | Neal Burk | $515 | $510.86 | +11.1% | Jun 16, 2026 |
| Stephens | Analyst unavailable | $600 | $508.43 | +29.4% | May 4, 2026 |
| Barclays | Analyst unavailable | $503 | $508.43 | +8.5% | May 4, 2026 |
| Morgan Stanley | Analyst unavailable | $565 | $477.97 | +21.8% | Mar 11, 2026 |
| Stephens | Analyst unavailable | $550 | $487.16 | +18.6% | Feb 5, 2026 |
| Mizuho Securities | Analyst unavailable | $575 | $503.86 | +24.0% | Feb 4, 2026 |
| Wells Fargo | Joseph O'Dea | $550 | $503.86 | +18.6% | Feb 4, 2026 |
| Barclays | Julian Mitchell | $481 | $503.86 | +3.7% | Feb 4, 2026 |
| Morgan Stanley | Analyst unavailable | $515 | $468.59 | +11.1% | Jan 7, 2026 |
| Barclays | Julian Mitchell | $465 | $477.46 | +0.3% | Jan 7, 2026 |
| Wells Fargo | Joseph O'Dea | $515 | $477.46 | +11.1% | Jan 7, 2026 |
| Mizuho Securities | Analyst unavailable | $500 | $466.78 | +7.8% | Jan 5, 2026 |
| Evercore ISI | Analyst unavailable | $575 | $448.13 | +24.0% | Dec 15, 2025 |
| UBS | Neal Burk | $450 | $448.74 | -3.0% | Dec 12, 2025 |
| Seaport Global | Analyst unavailable | $515 | $470.2 | +11.1% | Oct 29, 2025 |
| Wells Fargo | Joseph O'Dea | $500 | $455.34 | +7.8% | Oct 29, 2025 |
| Barclays | Analyst unavailable | $456 | $455.34 | -1.7% | Oct 29, 2025 |
| Mizuho Securities | Analyst unavailable | $480 | $428.82 | +3.5% | Oct 17, 2025 |
| Wells Fargo | Joseph O'Dea | $490 | $430.15 | +5.7% | Sep 2, 2025 |
| Wells Fargo | Joseph O'Dea | $420 | $410.51 | -9.4% | Jul 1, 2025 |
| Barclays | Analyst unavailable | $422 | $354.95 | -9.0% | Mar 3, 2025 |
| Wells Fargo | Joseph O'Dea | $450 | $433.96 | -3.0% | Jan 7, 2025 |
| Bernstein | Chad Dillard | $535 | $436.93 | +15.4% | Nov 5, 2024 |
| Morgan Stanley | Christopher Snyder | $445 | $433.66 | -4.0% | Oct 30, 2024 |
| Wells Fargo | Joseph O'Dea | $455 | $440.12 | -1.9% | Oct 29, 2024 |
| Morgan Stanley | Chris Snyder | $407 | $370.42 | -12.2% | Sep 6, 2024 |
| Deutsche Bank | Nicole DeBlase | $441 | $370.42 | -4.9% | Sep 5, 2024 |
| Barclays | Julian Mitchell | $368 | $379.8 | -20.6% | Jul 31, 2024 |
| Wells Fargo | Joseph O'Dea | $397 | $370.52 | -14.4% | May 1, 2024 |
| Barclays | Julian Mitchell | $400 | $416.8 | -13.7% | Apr 2, 2024 |
| Morgan Stanley | Analyst unavailable | $238 | $232.65 | -48.7% | Feb 1, 2023 |
| UBS | Analyst unavailable | $225 | $234.49 | -51.5% | Jan 4, 2023 |
| UBS | Analyst unavailable | $254 | $243.86 | -45.2% | Nov 17, 2022 |
| Morgan Stanley | Analyst unavailable | $206 | $205.03 | -55.6% | Jul 27, 2022 |
| Wells Fargo | Analyst unavailable | $188 | $180.9 | -59.5% | Jun 29, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $190 | $197.96 | -59.0% | Jun 7, 2022 |
| Wells Fargo | Analyst unavailable | $200 | $203.38 | -56.9% | Apr 28, 2022 |
| Mizuho Securities | Brett Linzey | $220 | $185.5 | -52.6% | Feb 7, 2022 |
Track every rating change on HUBB the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationHubbell, Inc. engages in the designing, manufacturing, and sale of electrical and electronic products for non-residential and residential construction, industrial, and utility applications. It operates through the Electrical Solutions and Utility Solutions segments. The Electrical Solutions segment manufactures and sells wiring and electrical, lighting fixtures, and controls for indoor and outdoor applications as well as specialty lighting and communications products. The Utility Solutions segment is involved in the design, manufacture, and sale of electrical distribution, transmission, substation, and telecommunications products. The company was founded by Harvey Hubbell II in 1888 and is headquartered in Shelton, CT.
Historical context
All HUBB earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FPS Forgent Power Solutions, Inc. | FY2026 Q4 · Calendar Q3 2026 | +4.3% | +9.5% | Forgent Power Solutions pairs record results with an aggressive FY27 buildout |
| CPRT Copart, Inc. | FY2026 Q4 · Calendar Q3 2026 | -8.7% | -2.6% | Copart pairs international growth with ACV investment amid higher costs |
| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
| DCI Donaldson Company, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1.8% | +2.1% | Donaldson posts record FY26 and targets further growth |
Latest beats and misses
Who reports nextBeat on EPS
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
Get the HUBB recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-07-28T17:04:16.458427+00:00
- FN2 earnings calendar · 2026-09-02T01:23:14.593608+00:00
- Polygon adjusted daily market bars · 2026-09-24T00:30:59.299660+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T00:30:59.297095+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 2026-09-24. For educational purposes only; not investment advice.