EarningsQ2 2026 Earnings Report
MX:HUBB Q2 2026 EPS Results
Actual EPS$100.25
Consensus EPS$97.80
Beat/MissBeat by +$2.45
One Year Ago EPS$89.54
MX:HUBB Q2 2026 Revenue Results
Actual Revenue$31.09B
Expected Revenue$30.18B
Beat/MissBeat by +$904.76M
YoY Revenue Growth+15.33%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeBefore Open
Conference CallTuesday, July 28, 2026
MX:HUBB Upcoming Earnings
Hubbell B's next earnings date is estimated for November 3, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:HUBB Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was bullish overall: management reported broad-based double-digit top-line growth, double-digit gains in adjusted operating profit and EPS, strong performance in data center and utility markets, and closed an accretive $3.0B acquisition (NSI) with synergy targets and clear deleveraging plans. Management raised full-year guidance for sales, margins and EPS, and highlighted continued pricing, productivity and capacity investments to capture sustained end-market demand. Near-term headwinds include elevated restructuring and integration costs, higher interest expense from acquisition financing (pro forma leverage ~2.9x), cost inflation and some timing-driven cash flow and margin volatility (IEPA/tariff timing, Q3 tax rate), but these were presented as manageable and largely offset by operational actions and a constructive order book (Utility book-to-bill ~1.2x). Given the predominance of positive operational and financial momentum and the raised guidance, the overall tone is confident and constructive.Company Guidance
Strong Quarterly Top-Line Growth
Net sales of $1.712 billion in Q2 2026, up 15% year-over-year, with organic growth of 10% (Utility Solutions +6% organic, Electrical Solutions +18% organic). Acquisitions contributed ~5 percentage points to growth.
Double-Digit Profit and EPS Gains
Adjusted operating profit of $409 million in Q2, up 13% year-over-year; adjusted operating margin of 23.9%. Adjusted diluted EPS of $5.52 in Q2, up 12% versus prior year.
Electrical Solutions Outperformance
Electrical Solutions net sales of $686 million in Q2, up 25% year-over-year with organic growth of 18%; data center sales increased ~65% in the quarter driven by capacity additions, new products and content gains.
Utility Solutions Momentum and Visibility
Utility Solutions net sales of $1.026 billion in Q2, up 10% year-over-year (organic +6%, acquisitions +4%). First-half book-to-bill for Utility Solutions ~1.2x, supporting raised full-year organic growth outlook (Utility organic guidance raised to +7% to +9%).
Accretive NSI Acquisition
Closed NSI acquisition in early June for $3.0 billion. Expected adjusted EPS accretion of ~$0.20 in 2026 and ~$0.80 in 2027; targeting 2%-3% sales synergies and ~3%-5% cost synergies over the next three years. NSI contributed ~$35 million of sales in June (~7 points of Electrical Solutions growth for the month).
Raised Full-Year Guidance and Margin Expansion
Raised 2026 sales growth outlook (new range reflects incremental acquisition contribution and stronger organic outlook) and raised adjusted EPS guidance to $20.25–$20.55 (up ~4% at midpoint; implies 11%–13% growth YoY). Full-year adjusted operating margin guidance of 23.1%–23.4% (40–70 bps expansion year-over-year).
Cash Generation and Capital Deployment Plan
First-half free cash flow of $259 million, up 12% year-over-year. Company targeting ~90% free cash flow conversion to adjusted net income for the full year and plans to invest in high-return CapEx ($175M–$190M guidance for 2026) while returning cash to shareholders and deleveraging over 24–30 months.
Operational Actions vs. Inflation
Management executing pricing and productivity actions: April price action (~1 point expected), additional July price (~0.5 point) with full-year price realization now expected ~3–4 points. Company reports price/productivity keeping pace with inflation and expects further net benefit (~$20M) in Q4 from IEPA refunds and tariff adjustments.
MX:HUBB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed