Eaton Corporation
ETNQ1 2024(ETN Q4 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-K Filing
View 10-K on SEC.govAnalysis
Full year 2023 revenue was $23.2B. Electrical segments represented ~69% = ~$16.0B. Data center demand strengthened through 2023. 10-K explicitly lists 'data centers' among principal markets for Electrical segments. Estimate: ~15% of Electrical to data centers = ~$2,400M annualized; ~22% AI-attributable = ~$528M annualized = ~2.3% of total. Rounding up slightly for Q4 seasonal strength in data center orders. No AI-specific revenue disclosure.
Analyzed by claude-opus-4-6
Quoted Figures
We reported revenues of $23.2 billion in 2023 and serve customers in more than 160 countries
10-K Item 1, FY2023
We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets
10-K Item 1, FY2023
Electrical segments principal markets: industrial, institutional, governmental, utility, commercial, residential and information technology. Products used in data centers, utilities, industrial and energy facilities, commercial buildings
10-K Note 18, FY2023
AI Products Identified (Ring 1)
UPS systems for data centersrack power distribution unitsswitchgearbusway systemsthree-phase power qualitypower reliability equipment
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