Eaton Corporation plc (ETN) Presents at Barclays 43rd Annual Industrial Select Conference Transcript

SA Transcripts158.45K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Eaton Corporation plc (ETN) Barclays 43rd Annual Industrial Select Conference February 17, 2026 1:15 PM EST Company Participants Michael Regelski Conference Call Participants Julian Mitchell - Barclays Bank PLC, Research Division Presentation Julian MitchellBarclays Bank PLC, Research Division Great. Well, thanks, everyone, for being here. It's my pleasure to have up next Eaton Corporation. We have Michael Regelski, CTO of the Electrical businesses at Eaton. Clearly, a lot of focus on data center technologies, the evolution of power and thermal management within data centers. That's really going to be our topic to focus on today rather than kind of near-term demand trends and so forth. So thanks very much, Michael, for being here. with us. Question-and-Answer Session Julian MitchellBarclays Bank PLC, Research Division Maybe a first kind of broad brush demand question on data centers would just be around, I think Eaton has talked about 100-plus gigawatts of cumulative sort of opportunity in data center buildouts in the U.S.? Where are we on that kind of journey? How do you see the market size evolving?

Michael Regelski Okay. Well, Julian, thank you very much, and it's a pleasure to be here. Back in March of last year, we estimated that the data center build-out in the U.S. would be roughly around 100 gigawatts by 2028. And at the end of last year, we kind of estimated that, along that progression, there was between 35 and 40 megawatts or gigawatts of installed data center capacity. We see about 17 gigawatt planned for 2026. And our latest estimates show that there is a backlog of over 165 to 200-plus gigawatts that are planned through 2030 and beyond. So a lot of the estimates that we had provided in the past, we feel very comfortable and confident about those, and we see continued growth and upside.