UK's nVent Electric Q1 sales, adjusted EPS beat on data center growth

nVent Electric

01/05/2026 14:58

Overview

UK electrical connection provider's Q1 sales rose 53%, beating analyst expectations

Adjusted EPS for Q1 climbed 63%, beating analyst expectations

Company raised full-year 2026 sales and EPS guidance after strong Q1 performance

Outlook

nVent raises full-year 2026 reported sales growth guidance to 26-28%, organic growth to 21-23%

Company now expects 2026 GAAP EPS of $3.68-$3.78 and adjusted EPS of $4.45-$4.55

nVent forecasts Q2 2026 reported sales growth of 28-30%, organic growth of 23-25%

Company sees Q2 2026 GAAP EPS of $0.93-$0.96 and adjusted EPS of $1.12-$1.15

Result Drivers

DATA CENTER DEMAND - Co said broad-based data center growth, especially in infrastructure, was a key driver of Q1 results

NEW PRODUCTS AND CAPACITY - Co said investments in new products and capacity enabled it to scale and respond to customer demand

SYSTEMS PROTECTION GROWTH - Systems Protection segment posted 76% sales growth, with organic growth of 50%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$1.24 bln
$1.11 bln (11 Analysts)
Q1 Adjusted EPS
Beat
$1.09
$0.94 (13 Analysts)
Q1 EPS
$0.86
Q1 Free Cash Flow
$54 mln
Q1 Operating Income
$196 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 1 "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 nVent Electric PLC is $147.00, about 2.9% above its April 30 closing price of $142.90

The stock recently traded at 32 times the next 12-month earnings vs. a P/E of 28 three months ago

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(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.)