Eaton rises as AI data center demand drives upbeat annual profit forecast

Eaton

31/07/2026 12:08

** Shares of power management company Eaton Corp ETN.N jump more than 7% to $416 premarket
** Co forecasts annual profit above Wall Street expectations, driven by sustained demand for its electrical equipment as the buildout of AI data centers accelerates
** It expects 2026 adj.profit between $13.4 and $13.6 per share, the midpoint of which is above analysts' expectations of $13.24/share- data compiled by LSEG
     ** Co posts Q2 adj.profit of $3.15/share, above analysts' estimates of $3.07/share
** YTD, shares up 21.5%

 (Reporting by Apratim Sarkar in Bengaluru)
 ((Apratim.Sarkar@thomsonreuters.com))