Grid & electrical equipment
Transformer, switchgear and turbine makers, the contractors who build transmission and the utilities that pay for it, read through backlogs, capital spending, equipment prices and federal energy rules.
- Companies covered
- 10
- Latest quarter filed
- Sep 30, 2026
- SEC filings, last 30 days
- 22
- Comment periods open
- 0
- SEC EDGAR read
- 14:58 UTC, Nov 9
This week, measuredNewest first · read 15:58 UTC, Nov 9
Eaton reported revenue +28.0% for its quarter to Sep 30, 2026, on a year earlier.
; over twelve months revenue moved +20.1%.
SEC EDGAR · 10-Q (XBRL) · Nov 3, 2026 · read 14:58 UTC, Nov 9 · Grid & electrical equipment →
The numbers
US government series, latest print and the change on a year earlier · Federal Reserve Bank of St. Louis (FRED)Ninety days of filings
Every SEC filing by the companies below, one row each · move across to read a dayMon, Nov 9, 2026
No filings by the covered companies
Aug 12 to Nov 9 · 38 filings, 7 in the last seven days · SEC EDGAR. Tall: quarterly and annual reports. Middle: current reports (8-K). Short: other forms. Red: an 8-K item that says something went wrong.
What changed
Filings by the companies below, last 30 days · SEC EDGAR- Nov 5Duke Energy · 10-QQuarterly report
- Nov 5Duke Energy · 8-KQuarterly results
- Nov 5NextEra Energy · 8-KOther material event
- Nov 4MYR Group · 8-KInvestor disclosure
- Nov 4Powell Industries · 8-KOther material event
- Nov 3Eaton · 10-QQuarterly report
- Nov 3Eaton · 8-KQuarterly results
- Oct 30nVent · 10-QQuarterly report
- Oct 30nVent · 8-KQuarterly results
- Oct 29Quanta Services · 10-QQuarterly report
- Oct 29Quanta Services · 8-KQuarterly results; Investor disclosure
- Oct 28American Electric Power · 10-QQuarterly report
- Oct 28American Electric Power · 8-KQuarterly results
- Oct 28GE Vernova · 10-QQuarterly report
8 more in the period, on each company’s EDGAR page.
Rules and notices
Federal Register, last 45 days- Nov 2Notice · Commerce DepartmentLarge Power Transformers From the Republic of Korea: Preliminary Results of Antidumping Duty Administrative Review; 2024-2025
- Oct 28Notice · Defense DepartmentNotice of Termination of Environmental Impact Statement for the Orange and Rockland Utilities Transmission Line Upgrade Project, West Point, New York
- Oct 6Notice · Energy DepartmentPJM Interconnection, L.L.C.; Notice of Institution of Section 206 Proceeding and Refund Effective Date
Matched by title against the industry’s terms; paperwork renewals and meeting notices left out · read 14:57 UTC, Nov 9
Who is exposed
Trailing twelve months to each company’s latest quarter, from its own XBRL filings · SEC EDGAR| Company | Quarter to | Revenue | Growth | Gross margin | Op. margin | Capex / revenue | Capex growth | Inventory days | Backlog |
|---|---|---|---|---|---|---|---|---|---|
| GE Vernova GEVTurbines and grid equipment | Sep 30, 2026 | $44.0B | +16.9% | 21.7% | 6.4% | 4.8% | +119.8% | 138 | $197B+45.4% |
| Eaton ETNElectrical equipment | Sep 30, 2026 | $32.0B | +20.1% | 35.0% | — | 3.5% | +42.3% | 104 | — |
| Hubbell HUBBUtility components | Sep 30, 2026 | $6.6B | +16.0% | 35.4% | 20.2% | 2.7% | +8.6% | 114 | — |
| Powell Industries POWLSwitchgear | Jun 30, 2026 | $1.2B | +7.0% | 30.1% | 19.7% | 1.1% | -38.7% | 43 | $2.4B+71.4% |
| nVent NVTEnclosures and connections | Sep 30, 2026 | $5.3B | +48.0% | 36.6% | 17.8% | 2.5% | +58.0% | 62 | — |
| Quanta Services PWRGrid construction | Sep 30, 2026 | $37.3B | +37.1% | 15.8% | 6.8% | 2.4% | +62.2% | 6 | $41.8B+99.1% |
| MYR Group MYRGGrid construction | Sep 30, 2026 | $4.3B | +22.8% | 13.0% | 6.1% | 2.6% | +45.7% | — | $3.4B+43.8% |
| American Electric Power AEPTransmission-heavy utility | Mar 31, 2026 | $22.4B | +11.3% | — | 24.0% | 19.7% | — | — | $205M-26.3% |
| NextEra Energy NEEUtility and renewables | Mar 31, 2026 | $26.0B | +8.3% | — | 31.7% | — | — | — | — |
| Duke Energy DUKUtility | Mar 31, 2026 | $32.5B | +5.8% | — | 27.7% | 46.0% | +22.5% | — | — |
| Median of 10 with a current year | +16.4% | 30.1% | 19.7% | 2.7% |
Growth compares the latest twelve months with the twelve before. A quarter a company reports only inside a year-to-date total is the difference of the two totals it filed; a ratio is shown only when both sides cover the same four quarters. Backlog is remaining performance obligations, with its change on a year earlier. A dash means the company does not report that line.
What to watch
Comment deadlines and effective dates ahead · Federal RegisterNo comment period or effective date ahead among this industry’s documents of the last 150 days.
Where US supply comes from
US imports, Aug 2026 · UN Comtrade- HS 8504Transformers and converters · $3.2B · -0.2% on a year earlierMexico 21% · Thailand 11% · China 10%
- HS 8537Switchboards and control panels · $2.6B · +33.3% on a year earlierMexico 34% · Canada 15% · Germany 7%
- HS 8544Insulated wire and cable · $3.9B · +22.2% on a year earlierMexico 45% · China 12% · Vietnam 7%