Eaton Corporation
ETNQ2 2023(ETN Q1 FY2023)Estimated2% AI
AI Revenue %
2%
AI Fair Value
$1.3B
AI Revenue (Q)
$109.7M
Total Revenue (Q)
$5.5B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Electrical Americas ($2,294M) and Electrical Global ($1,500M) totaled $3,794M of $5,483M total revenue (69.2%). Post-ChatGPT launch (Nov 2022), hyperscaler AI capex began accelerating but most data center orders still traditional cloud. Data center share of Electrical starting to grow. Estimate: ~14% of Electrical to data centers = ~$531M; ~15% AI-attributable = ~$80M. No AI disclosure in filing. MD&A notes 'momentum in the data center and utility end markets' as a growth driver.
Analyzed by claude-opus-4-6
Quoted Figures
Electrical Americas net sales $2,294M; Electrical Global net sales $1,500M; Total net sales $5,483M
10-Q Segment Note, Q1 2023
We are strengthening our participation across the entire electrical power value chain and benefiting from momentum in the data center and utility end markets
10-Q MD&A Company Overview, Q1 2023
AI Products Identified (Ring 1)
UPS systems for data centersrack power distribution unitsswitchgearbusway systemsthree-phase power quality
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
commercial building electricalindustrial power distributionutility equipmentresidential electrical products
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix