Eaton Corporation
ETNQ3 2025(ETN Q2 FY2025)Estimated6.5% AI
AI Revenue %
6.5%
AI Fair Value
$5.4B
AI Revenue (Q)
$456.8M
Total Revenue (Q)
$7.0B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Electrical Americas ($3,350M) and Electrical Global ($1,753M) totaled $5,103M of $7,028M total revenue (72.6%). Fibrebond now included (acquired April 1, 2025) -- contributed $144M revenue and $44M segment operating profit in Q2. Electrical Americas Systems revenue was $2,267M in Q1 and likely $2,400M+ in Q2 (segment grew 16% YoY). Fibrebond adds ~$95M/quarter of largely data center revenue. Estimate: ~22% of Electrical to data centers = ~$1,123M; ~38% AI-attributable = ~$427M. But also adding Fibrebond's data center portion: ~60% of its ~$144M = ~$86M data center, ~50% AI = ~$43M. Total AI estimate: ~$470M of $7,028M = 6.7%. Conservative at 6.5%.
Analyzed by claude-opus-4-6
Quoted Figures
Electrical Americas net sales $3,350M; Electrical Global net sales $1,753M; Total net sales $7,028M
10-Q Segment Note, Q2 2025
Fibrebond results: segment operating profit of $44 million on sales of $144 million, from the date of acquisition through June 30, 2025
10-Q Note 2, Q2 2025
NordicEPOD AS: 49% stake, designs and assembles standardized power modules for data centers
10-Q Note 2, Q2 2025
On November 2, 2025, Eaton signed an agreement to acquire Boyd Thermal for $9.5 billion -- global leader in thermal components, systems, and ruggedized solutions for data center, aerospace and other end-markets
10-Q MD&A, Q3 2025 (subsequent event)
AI Products Identified (Ring 1)
UPS systems for data centersrack power distribution unitsswitchgearbusway systemsthree-phase power qualitypower distribution assembliesmodular power enclosures (Fibrebond)data center power modules (NordicEPOD)
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