Eaton Corporation (ETN) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $3.15
- Estimate
- $3.08
- Surprise
- +2.4%
- Revenue (period 2026-06-30)
- $8.53B
- Score at report (before → after)
- 4.9 → 4.9/10
Revenue source: xbrl.
How the report landed
Eaton Corporation (ETN) beat the $3.08 estimate with diluted EPS of $3.15 — a modest 2.4% upside surprise. TrendMatrix's engine moved from Buy (Wait) (4.9/10) to Hold at 4.9/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates ETN Sell at 4.9/10.
4 of the last 4 quarters beat the estimate; this quarter's +2.4% surprise compares with a +1.5% four-quarter average. Next scheduled report: 2026-11-03.
What supports the rating
- Strong earnings beat streak (4/4)
What argues against it
- Thin upside margin: 9.5%
- Sector modifier (Industrials): -0.7
- Leverage penalty (D/E 1.1): -0.5
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $394.58
- Price target
- $430.35
- Stop
- $373.23
- Upside to target
- +9.1%
- Reward-to-risk
- 1.3:1
The stock trades at 43.3× trailing but 26.4× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: trading volume is running 1.7× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-09-14 — shown for context, not personalized investment advice.
ETN at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Specialty Industrial Machinery
- Market cap
- $165.21B
- P/E (fwd)
- 26.4
- P/E (ttm)
- 43.3
- 52-week range
- $311.92–$478.00
- Off 52-week high
- 17.5%
- RSI (14)
- 44
- Volume vs avg
- 1.74×
- Score today
- 4.9/10