Eaton Corporation

Electrical Americas ($3,410M) and Electrical Global ($1,724M) totaled $5,134M of $6,988M total revenue (73.5%). Electrical Americas grew 15% YoY with strong Systems growth. Fibrebond fully included for the quarter. Eaton signed $9.5B deal for Boyd Thermal (data center cooling), and acquired Resilient Power Systems (solid-state transformer tech) -- both confirming massive strategic pivot toward data center/AI power infrastructure. Nine-month Electrical Americas was $9,770M vs $8,530M prior year (+14.5%). Estimate: ~23% of Electrical to data centers = ~$1,181M; ~40% AI-attributable = ~$472M. Fibrebond adds another ~$50M AI-attributable in the quarter. Total AI: ~$522M of $6,988M = ~7.5%. Conservative at 7.0% given uncertainty about AI vs. traditional data center split. No AI-specific revenue line item disclosed.