Hubbell Raises 2026 Adjusted EPS Outlook as Electrical Growth Climbs

Hubbell’s Electrical Solutions segment grew 22% organically in the third quarter, alongside an increase in the company’s 2026 adjusted diluted earnings-per-share outlook to $20.40-$20.60 per share and a cut to its Utility Solutions forecast.

With the Oct. 27 revision, the adjusted EPS range’s lower bound rose 15 cents and its upper bound rose 5 cents from the previous $20.25-$20.55 forecast. Hubbell’s full-year GAAP diluted EPS range is $17.30-$17.50.

The company now projects total sales growth of 18%-19% for 2026, up from 16%-18%. Its organic-growth forecast is 10%-11%, compared with 9%-11% previously. That raises the low end of the organic-growth range while leaving the high end unchanged.

Hubbell increased its Electrical Solutions organic-growth forecast to 17%-18%, from 12%-14%. The low end rose 5 percentage points and the high end 4 points. Utility Solutions’ forecast moved down to 6%-7% from 7%-9%, lowering the range’s endpoints by 1 and 2 percentage points, respectively.

The adjusted operating-margin forecast narrowed to 23.0%-23.2% from 23.1%-23.4%. Its lower endpoint fell 0.1 percentage point and its upper endpoint fell 0.2 point.

For the quarter ended Sept. 30, Hubbell’s net sales reached $1.873 billion, up 25% year over year, with 11% organic growth. Adjusted diluted EPS rose 14% to $5.91.

Electrical Solutions recorded $844.7 million in sales, 51% more than a year earlier. The segment’s organic growth was 22%, while data center sales increased more than 80% organically.

“We are raising our full year 2026 outlook, primarily driven by stronger anticipated Electrical Solutions growth,” Hubbell Chairman, President and CEO Gerben Bakker said.

Hubbell’s adjusted EPS outlook excludes about $2.50 per share in acquisition-related intangible amortization and about $0.60 per share in transaction, integration and separation costs.