Hubbell Q2 results beat estimates; raises annual profit forecast

Hubbell

28/07/2026 12:46

Overview
U.S. utility and electrical equipment maker's Q2 revenue rose 15%, beating analyst expectations
Adjusted EPS for Q2 increased 12% and beat analyst expectations
Company raised full-year adjusted EPS outlook, citing strong demand in utility and electrical markets

Outlook
Hubbell raises full-year 2026 adj diluted EPS outlook to $20.25-$20.55
Company expects 2026 total sales growth of 16-18%, organic sales growth of 9-11%
Hubbell sees strong demand in utility and electrical markets, driven by grid modernization

Result Drivers
STRONG END-MARKET DEMAND - Co said grid modernization, load growth and datacenter investment drove organic growth, with visible demand strength across utility and electrical markets
PRICE AND PRODUCTIVITY ACTIONS - Co said it managed inflation through price increases and productivity improvements, partially offsetting higher cost inflation, raw material costs and tariffs

Company press release: ID:nGNX79BbSM

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$1.71 bln
$1.65 bln (10 Analysts)
Q2 Adjusted EPS
Beat
$5.52
$5.38 (11 Analysts)
Q2 EPS
 
$4.52
 
Q2 Net Income
 
$242.20 mln
 
Q2 Adjusted Operating Margin
 
23.90%
 
Q2 Free Cash Flow
 
$213 mln
 
Q2 Operating Margin
 
20.40%
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the electrical components & equipment peer group is "buy"
Wall Street's median 12-month price target for Hubbell Inc is $567.50, about 14% above its July 27 closing price of $497.96
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 24 three months ago

Reuters Recommended Reads
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July 28 - CMS Energy Q2 revenue misses estimates; maintains long-term adjusted EPS growth target

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)