Filing Flows › Eaton (ETN) › Q3 2026
Eaton (ETN) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Eaton (ETN) reported revenue of $8.9B for the third quarter 2026 (Q3 2026), +28% from a year earlier and +5% from the quarter before. Operating margin was 15.3%, net earnings $1.1B (12.1% of revenue).
Eaton, Q3 2026: revenue $8.9B (+28% year over year), operating margin 15.3%, net earnings $1.1B, operating cash flow $1.3B. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.9B | +5% | +28% |
| Operating profit | $1.4B | +20% | +7% |
| Net earnings | $1.1B | +31% | +7% |
| Operating cash flow | $1.3B | +16% | -3% |
| Free cash flow | $1.0B | — | — |
What changed
Revenue was $8.9B in Q3 2026, up 28% year over year and up 5% from the previous quarter. Electrical Americas was the largest line at 47% of revenue. Electrical Global added $1.0B year over year (up 58%), 51% of the total change.
Operating profit was $1.4B, a 15.3% margin (down 2.9 points year over year). Of the extra revenue versus Q3 2025, 5% reached operating profit, below the 18% margin then. Total costs grew 33% against revenue growth of 28%. The fastest-growing cost line was Other operating costs (+138%). Net earnings were $1.1B, up 7% year over year. The effective tax rate was 21.2%.
Operating cash flow was $1.3B (down 3% year over year), 121% of net earnings. Non-cash charges added back $0.46B of depreciation and amortization. Working capital and other items used $0.23B. After capital expenditures for property, plant and equipment ($0.28B), free cash flow as the company reports it was $1.0B.
Questions
What was Eaton's revenue in the third quarter 2026?
Eaton (ETN) reported revenue of $8.9B for the third quarter 2026 (Q3 2026), +28% from a year earlier and +5% from the quarter before.
Was Eaton profitable in the third quarter 2026?
Operating profit was $1.4B (15.3% of revenue) and net earnings $1.1B.
Source: Eaton 10-Q on SEC EDGAR.