Filing Flows › Eaton (ETN) › Q2 2026
Eaton (ETN) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 31, 2026
Eaton (ETN) reported revenue of $8.5B for the second quarter 2026 (Q2 2026), +21% from a year earlier and +14% from the quarter before. Operating margin was 13.4%, net earnings $823M (9.6% of revenue).
Eaton, Q2 2026: revenue $8.5B (+21% year over year), operating margin 13.4%, net earnings $823M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.5B | +14% | +21% |
| Operating profit | $1.1B | +3% | -4% |
| Net earnings | $823M | -5% | -16% |
| Operating cash flow | $1.1B | +122% | +23% |
| Free cash flow | $874M | — | +22% |
What changed
Revenue was $8.5B in Q2 2026, up 21% year over year and up 14% from the previous quarter. Electrical Americas was the largest line at 46% of revenue. Electrical Global added $0.76B year over year (up 44%), 51% of the total change.
Operating profit was $1.1B, a 13.4% margin (down 3.5 points year over year). Operating profit fell $0.04B even though revenue rose $1.5B versus Q2 2025, so costs grew faster than sales. Total costs grew 26% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+254%). Net earnings were $0.82B, down 16% year over year. The effective tax rate was 28.1%.
Operating cash flow was $1.1B (up 23% year over year), 137% of net earnings. Non-cash charges added back $0.40B of depreciation and amortization. Working capital and other items used $0.10B. After capital expenditures for property, plant and equipment ($0.25B), free cash flow as the company reports it was $0.87B.
Questions
What was Eaton's revenue in the second quarter 2026?
Eaton (ETN) reported revenue of $8.5B for the second quarter 2026 (Q2 2026), +21% from a year earlier and +14% from the quarter before.
Was Eaton profitable in the second quarter 2026?
Operating profit was $1.1B (13.4% of revenue) and net earnings $823M.
Source: Eaton 10-Q on SEC EDGAR.