Eaton Corporation
ETNQ1 2023(ETN Q4 FY2022)Estimated1.5% AI
AI Revenue %
1.5%
AI Fair Value
$942.5M
AI Revenue (Q)
$79.7M
Total Revenue (Q)
$5.3B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Full year 2022 revenue was $20,752M (per manifest). Electrical segments represent ~69% of total revenue = ~$14,319M. Data center was one of several end markets within the Electrical segments. In 2022, AI data center demand was nascent. Estimate: ~13% of Electrical to data centers = ~$1,861M for full year; ~12% AI-attributable = ~$223M annualized, or ~1.1% of total. Being conservative at 1.5% to account for Tripp Lite (acquired 2021) adding significant data center UPS/PDU exposure. No AI disclosure anywhere in the 10-K.
Analyzed by claude-opus-4-6
Quoted Figures
We reported revenues of $20.8 billion in 2022
10-K Item 1, FY2022
Electrical Americas and Electrical Global principal markets: industrial, institutional, governmental, utility, commercial, residential and information technology. Products used in data centers, residences, hospitals, factories, utilities
10-K Note 17 Segment Description, FY2022
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