Filing Flows › Eaton (ETN) › Q2 2026 › vs Q1 2026
Eaton (ETN) Q2 2026 vs Q1 2026 (quarter over quarter)
Eaton's revenue rose $1.1B (+14%) from $7.5B in Q1 2026 to $8.5B in Q2 2026. The biggest changes: Electrical Global +$572M (+29%); Electrical Americas +$351M (+10%); Aerospace +$83.0M (+7%). Operating margin 13.4% against 14.9% (-1.4 pts).
Eaton, Q2 2026: revenue $8.5B (+21% year over year), operating margin 13.4%, net earnings $823M, operating cash flow $1.1B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.4% | 14.9% | -1.4 pts |
| Net margin | 9.6% | 11.6% | -2.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Electrical Americas | $4.0B | $3.6B | $351M | +10% |
| Electrical Global | $2.5B | $1.9B | $572M | +29% |
| Aerospace | $1.2B | $1.1B | $83.0M | +7% |
| Mobility | $841M | $766M | $75.0M | +10% |
| Revenue | $8.5B | $7.5B | $1.1B | +14% |
| Operating profit | $1.1B | $1.1B | $37.0M | +3% |
| Costs & expenses | $7.4B | $6.3B | $1.0B | +16% |
| Pre-tax earnings | $1.1B | $1.1B | $37.0M | +3% |
| Cost of revenue | $5.7B | $4.8B | $877M | +18% |
| Research & development | $227M | $211M | $16.0M | +8% |
| SG&A | $1.2B | $1.3B | −$33.0M | -3% |
| Other operating costs | $248M | $65.0M | $183M | +282% |
| Net earnings | $823M | $868M | −$45.0M | -5% |
| Income tax | $321M | $240M | $81.0M | +34% |
| Depreciation & amortization | $399M | $272M | $127M | +47% |
| Working capital & other | $95.0M | $633M | −$538M | -85% |
| Operating cash flow | $1.1B | $507M | $620M | +122% |
Questions
How much did Eaton's revenue grow quarter over quarter in Q2 2026?
Eaton's revenue rose $1.1B (+14%) from $7.5B in Q1 2026 to $8.5B in Q2 2026.
What drove Eaton's revenue change in Q2 2026?
Electrical Global +$572M (+29%); Electrical Americas +$351M (+10%); Aerospace +$83.0M (+7%).