Hubbell Q1 revenue and adjusted EPS beat estimates, raises outlook

Hubbell

30/04/2026 12:40

Overview

U.S. utility and electrical solutions maker's Q1 revenue rose 11%, beating analyst expectations

Adjusted EPS for Q1 increased 16% and beat analyst expectations

Company raised full-year 2026 adjusted EPS guidance

Outlook

Hubbell raises FY 2026 diluted EPS guidance to $17.45-$18.00; adj EPS to $19.30-$19.85

Company anticipates FY 2026 total sales growth of 8-11%, organic sales growth of 6-9%

Company expects continued strength in utility T&D and datacenter markets; softness in grid automation

Result Drivers

UTILITY INFRASTRUCTURE DEMAND - Co said core utility transmission and substation markets remained strong due to load growth, and distribution markets benefited from aging infrastructure investment

ELECTRICAL SOLUTIONS GROWTH - Co attributed segment growth to strong datacenter and light industrial markets

MARGIN EXPANSION - Co said higher volumes in high margin businesses and effective price and productivity management drove margin expansion, partially offset by higher cost inflation and restructuring investment

Company press release: ID:nGNX72bt6g

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$1.52 bln
$1.50 bln (11 Analysts)
Q1 Adjusted EPS
Beat
$3.93
$3.88 (13 Analysts)
Q1 EPS
$3.41
Q1 Net Income
$183 mln
Q1 Adjusted Operating Margin
19.80%
Q1 Free Cash Flow
$46 mln
Q1 Operating Margin
17.40%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 8 "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 $545.00, about 0.2% below its April 29 closing price of $545.93

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 22 three months ago

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.)