Eaton Corp plc

Company facts

Industry

Misc Industrial & Commercial Machinery & Equipment

Headquarters

Dublin

Most recent report

10-Q, filed Jul 31, 2026

Filings on record

1,003+ filings

On EDGAR

CIK 1551182

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 2 positive, 6 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Financial statements reveal major M&A, debt, and profit decline.
  Positive

  • Backlog $24.1B at June 30, 2026, up from $22.8B at March 31, 2026.
  Notable

  • Mobility to merge with Dana in Reverse Morris Trust, expected Q1 2027.
  • No share repurchases in H1 2026; H1 2025 had $1,306M in buybacks.

• Management's Discussion (Item 2)

  Major changes: Mobility merger with Dana, $9.55B Boyd acquisition, $8.5B debt, and margin compression.
  Positive

  • Operating cash flow up 41% to $1,634M in H1 2026, driven by $564M improvement in working capital.
  Notable

  • Mobility segment now merging with Dana via Reverse Morris Trust; Eaton gets ~$1.1B cash.
  • Issued $8.5B US notes and €1.2B Euro notes in March 2026, increased commercial paper to $2.1B.
  • No share repurchases in H1 2026; company paused due to Boyd Thermal acquisition, spent $9.55B net.
  Negative

  • Gross margin fell 350 bps to 33.5% in Q2 2026, hit by 390 bps from commodity and wage inflation.

• Risk Factors (Item 1A)

  New risk factor for Mobility separation, a major pending transaction.
  Notable

  • Entered definitive agreement to separate Mobility business and merge with Dana, expected Q1 2027.

What changed: Jun 2026 vs. Mar 2026

About 11% of ETN's Jun 2026 10-Q is new information. 28 paragraphs were added, 105 changed, and 11 removed. Below are the most important lines SECSift identified.

• Item 2 38
• Item 1 32
• Item 6 15
• Item 1A 5
• Item 4 2
• Item 5 1