LONDON, UNITED KINGDOM – nVent Electric plc (“nVent”) announced strong financial results for the second quarter of 2026, provided third quarter guidance and raised full-year 2026 guidance.
“Our portfolio transformation continued to drive performance as we had another tremendous quarter, with record sales and earnings per share,” said Beth Wozniak, nVent chair and chief executive officer. “We saw significant data center growth and new products contributed more than 30 points to sales growth. Today we announced another manufacturing expansion for liquid cooling to meet continued data center demand. As a result of our strong second quarter performance and momentum across our portfolio, we are significantly raising our full-year sales and EPS guidance. Our strong performance is the result of our team’s focus on delivering for our customers.”
Reported sales in the second quarter totaled $1.5 billion. This performance represents an increase of 53 percent. Organically, sales grew 47 percent, which excludes the impact from acquisitions and currency fluctuations.
Second quarter 2026 earnings per diluted share (“EPS”) were $1.32, up 103 percent, while on an adjusted basis, the company had EPS of $1.45, up 69 percent. Adjusted EPS, adjusted operating income, adjusted net income and free cash flow are non-GAAP financial measures described in the attached Non-GAAP Financial Measures section of this press release.
Second quarter 2026 operating income was $301 million, up 92 percent, compared to $157 million in the second quarter of 2025. Adjusted operating income was $323 million, up 61 percent, compared to $200 million in the second quarter of 2025.
nVent had net cash provided by operating activities of $189 million in the second quarter compared to $91 million in the second quarter of 2025. Free cash flow was $167 million in the second quarter compared to $74 million in the second quarter of 2025.
GUIDANCE FOR FULL-YEAR AND THIRD QUARTER 2026
The company now estimates reported sales growth for full-year 2026 of 37 to 39 percent versus prior guidance of 26 to 28 percent. This new guidance range represents 32 to 34 percent organic sales growth versus prior guidance of 21 to 23 percent. The company now expects full-year 2026 EPS of $4.29 to $4.39 on a GAAP basis and adjusted EPS of $5.00 to $5.10, versus prior guidance of $3.68 to $3.78 on a GAAP basis and adjusted EPS of $4.45 to $4.55.
The company estimates third quarter 2026 reported sales growth of 32 to 35 percent and organic sales growth of 32 to 35 percent. The company estimates third quarter 2026 EPS on a GAAP basis of $1.18 to $1.21 and adjusted EPS of $1.35 to $1.38.
DIVIDENDS
nVent previously announced on May 16, 2026 that its Board of Directors approved a regular cash dividend of $0.21 per share, payable during the third quarter on August 7, 2026.
Tagged with financial results, nVent