Eaton Corporation
ETNQ4 2023(ETN Q3 FY2023)Estimated2.5% AI
AI Revenue %
2.5%
AI Fair Value
$1.7B
AI Revenue (Q)
$147.0M
Total Revenue (Q)
$5.9B
Source: SEC EDGAR 10-Q Filing
View 10-Q on SEC.govAnalysis
Electrical Americas ($2,594M) and Electrical Global ($1,503M) totaled $4,097M of $5,880M total revenue (69.7%). Electrical Americas grew 19% YoY driven by data center strength. AI infrastructure buildout accelerating through 2023 as hyperscalers expanded GPU clusters. Estimate: ~15% of Electrical to data centers = ~$615M; ~22% AI-attributable = ~$135M. Still no AI disclosure but data center increasingly prominent in MD&A.
Analyzed by claude-opus-4-6
Quoted Figures
Electrical Americas net sales $2,594M; Electrical Global net sales $1,503M; Total net sales $5,880M
10-Q Segment Note, Q3 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 as well as a growth cycle in the commercial aerospace and defense markets
10-Q MD&A, Q3 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