Jun 2026 (Q2 FY26) — Jul 28, 2026
Hubbell Q2 FY26 — Strong Growth and Raised Outlook Driven by Data Center and NSI Acquisition
Read the full callHubbell (HUBB) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Hubbell earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 1,517 | +11.1% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 17.4 | +0.5 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 182 | +11.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
10 of 13 judged targets kept · 21 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Grid Automation segment return to year-over-year growth (Q2 FY26) | return to slight year-over-year growth | Mar 2026 | what we had said last quarter that we expected grid automation to return to slight growth in the second quarter, and that indeed happened | Achieved |
| Full-year 2026 adjusted EPS guidance | $19.15 to $19.85 | Dec 2025 | We are raising our full year outlook for adjusted earnings per share from a range of $19.30 to $19.85, to a range of $20.25 to $20.55 | Revised Up |
| Full-year 2026 CapEx guidance | $175 million to $190 million | Jun 2026 | our CapEx investment this year, we're anticipating roughly $175 million to $190 million of CapEx, and that's up from our $155 million last year | New |
3 of HUBBELL INC's 34 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 31 more targets are in the full ledger.
Claimed
- Delivered double-digit growth in sales, adjusted operating profit, and adjusted EPS in Q2.
- NSI acquisition closed, expected to add adjusted EPS accretion of approximately $0.20 in 2026 and $0.80 in 2027.
- Utility Solutions achieved a book-to-bill ratio of approximately 1.2x in the first half, providing high visibility for H2.
- Electrical Solutions organic growth was 18%, driven by approximately 65% growth in data center sales in the quarter.
- Raised full-year 2026 adjusted EPS guidance from $19.30-$19.85 to $20.25-$20.55.
Qualified
- Electrical Solutions adjusted operating margins were down 130 basis points YoY, largely due to price/cost and higher restructuring investment.
- Second quarter free cash flow of $213 million was down relative to the prior year on working capital timing and acquisition costs.
- Higher interest expense associated with recent borrowings for the NSI acquisition.
- Continued cost inflation in materials like copper, aluminum, and steel.
Price
$464.92 +0.83% · +$3.82
Performance +9.2% 1Y
1Y: $425.71 on 17 Oct 2025 → $464.92. High $557.85 (23 Apr 2026), low $407.36 (20 Nov 2025).
- Previous close
- $461.1
- 52-week range
- $407.36 – $557.85
- One year
- +7.71%
Overview
- Symbol
- HUBB
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
10 of 13 judged targets kept · 21 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Grid Automation segment return to year-over-year growth (Q2 FY26) | return to slight year-over-year growth | Mar 2026 | what we had said last quarter that we expected grid automation to return to slight growth in the second quarter, and that indeed happened | Achieved |
| Full-year 2026 adjusted EPS guidance | $19.15 to $19.85 | Dec 2025 | We are raising our full year outlook for adjusted earnings per share from a range of $19.30 to $19.85, to a range of $20.25 to $20.55 | Revised Up |
| Full-year 2026 CapEx guidance | $175 million to $190 million | Jun 2026 | our CapEx investment this year, we're anticipating roughly $175 million to $190 million of CapEx, and that's up from our $155 million last year | New |
Claimed
- Delivered double-digit growth in sales, adjusted operating profit, and adjusted EPS in Q2.
- NSI acquisition closed, expected to add adjusted EPS accretion of approximately $0.20 in 2026 and $0.80 in 2027.
- Utility Solutions achieved a book-to-bill ratio of approximately 1.2x in the first half, providing high visibility for H2.
- Electrical Solutions organic growth was 18%, driven by approximately 65% growth in data center sales in the quarter.
- Raised full-year 2026 adjusted EPS guidance from $19.30-$19.85 to $20.25-$20.55.
Qualified
- Electrical Solutions adjusted operating margins were down 130 basis points YoY, largely due to price/cost and higher restructuring investment.
- Second quarter free cash flow of $213 million was down relative to the prior year on working capital timing and acquisition costs.
- Higher interest expense associated with recent borrowings for the NSI acquisition.
- Continued cost inflation in materials like copper, aluminum, and steel.
The full ledger
Open HUBBELL INC’s full ledger
A free account opens 5 company ledgers a month. All 34 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Hubbell Q1 FY26 — Strong Organic Growth and Raised Full-Year Outlook
Read the full callDec 2025 (Q4 FY25) — Feb 3, 2026
Hubbell Q4 FY25 — Strong Growth Driven by Data Center and Grid Modernization
Read the full callEvery analysed call
Hubbell earnings calls (HUBB)
Financials
What the filings say
Net profit, year on year: +11% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 1,453 | 1,443 | 1,334 | 1,365 | 1,484 | 1,502 | 1,493 | 1,517 |
| Operating profit | 306 | 313 | 258 | 230 | 336 | 331 | 312 | 264 |
| Operating margin | 21.1% | 21.7% | 19.3% | 16.9% | 22.7% | 22.0% | 20.9% | 17.4% |
| Profit before tax | 285 | 288 | 244 | 211 | 315 | 311 | 282 | 236 |
| Tax rate | 23.2% | 21.0% | 18.8% | 22.1% | 22.1% | 17.5% | 20.0% | 22.6% |
| Net profit | 218 | 226 | 198 | 163 | 244 | 256 | 224 | 182 |
| EPS ($ per share) | 4.04 | 4.21 | 3.69 | 3.04 | 4.58 | 4.80 | 4.21 | 3.42 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Reserves | 2,064 | 2,279 | 2,394 | 2,560 | 2,706 | 3,183 | 3,780 | 4,156 |
| Total liabilities | 3,073 | 2,943 | 3,000 | 3,041 | 3,032 | 4,025 | 3,437 | 4,371 |
| Fixed assets | 502 | 505 | 439 | 460 | 528 | 653 | 727 | 841 |
| Investments | 9 | 14 | 9 | 9 | 14 | 13 | 16 | 15 |
| Total assets | 4,872 | 4,903 | 5,085 | 5,282 | 5,403 | 7,081 | 6,848 | 8,229 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 517 | 592 | 648 | 514 | 636 | 881 | 991 | 1,030 |
| Cash from investing | -1,201 | -129 | -329 | — | — | -1,380 | -59 | -1,095 |
| Cash from financing | 507 | -471 | -244 | -433 | -437 | 389 | -923 | 204 |
| Net cash flow | -186 | -7 | 78 | 30 | 154 | -104 | -8 | 153 |
| Capital expenditure | -96 | -87 | -83 | -90 | -129 | -166 | -180 | -155 |
| Free cash flow | 421 | 505 | 565 | 424 | 507 | 715 | 811 | 875 |
HUBB revenue by segment
Utility Solutions shrank from 65% to 60% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Utility Solutions | 65% | 63% | 63% | 63% | 63% | 63% | 63% | 60% | +9.7% |
| Electrical | 35% | 37% | 37% | 37% | 37% | 37% | 37% | 40% | +25.0% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q2 FY2026 · share of revenue
- US 93% ↑ 2 pt
- Non Us 7% ↓ 2 pt
As HUBB cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
95 filings between Nov 3, 2025 and Sep 15, 2026.
Open market
decisions to buy or sellPurchases
$186.7K
1 purchase by 1 insider
Sales
$20.40M
19 sales by 5 insiders
Compensation
not trading decisions- 30
- Award — granted as compensation
- 9
- Option exercise — converted options into shares
- 35
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| BAKKER GERBEN | — | $12.59M | Feb 6, 2026 |
| Mikes Mark Eugene | — | $2.51M | Feb 17, 2026 |
| LANE KATHERINE ANNE | — | $2.33M | Feb 9, 2026 |
| FLYNN ALYSSA R | — | $1.56M | Feb 6, 2026 |
| DEL NERO JONATHAN M. | — | $1.41M | Aug 11, 2026 |
| Malloy John F | $186.7K | — | Nov 17, 2025 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 15, 2026 | Mikes Mark Eugene EVP, Pres Electrical Solutions | Award | 1,133 | $0 |
| Aug 11, 2026 | DEL NERO JONATHAN M. Vice President, Controller | Sale | 547 | $283.7K |
| Jul 6, 2026 | Mikes Mark Eugene President Electrical Solutions | Tax withheld | 207 | $102.3K |
| Jul 6, 2026 | Gumbs Gregory President, Utility Solutions | Tax withheld | 415 | $205.1K |
| May 5, 2026 | HERNANDEZ RHETT ANTHONY Director | Award | 341 | $0 |
| May 5, 2026 | Mikes Mark Eugene President Electrical Solutions | Award | 414 | $0 |
| May 5, 2026 | CARDOSO CARLOS M Director | Award | 341 | $0 |
| May 5, 2026 | BAKKER GERBEN Chairman, President & CEO | Tax withheld | 2,679 | $1.37M |
| May 5, 2026 | DEL NERO JONATHAN M. Vice President, Controller | Tax withheld | 73 | $37.5K |
| May 5, 2026 | Rochow Garrick J Director | Award | 341 | $0 |
| May 5, 2026 | Malloy John F Director | Award | 341 | $0 |
| May 5, 2026 | LANE KATHERINE ANNE Executive VP, GC & Secretary | Tax withheld | 456 | $234.0K |
| May 5, 2026 | DEL NERO JONATHAN M. Vice President, Controller | Award | 232 | $0 |
| May 5, 2026 | FLYNN ALYSSA R Chief Human Resources Officer | Tax withheld | 252 | $129.3K |
| May 5, 2026 | Capozzoli Joseph Anthony Senior Vice President, CFO | Tax withheld | 98 | $50.3K |
| May 5, 2026 | LANE KATHERINE ANNE Executive VP, GC & Secretary | Award | 984 | $0 |
| May 5, 2026 | Capozzoli Joseph Anthony Senior Vice President, CFO | Award | 310 | $0 |
| May 5, 2026 | BAKKER GERBEN Chairman, President & CEO | Award | 5,781 | $0 |
| May 5, 2026 | Mikes Mark Eugene President Electrical Solutions | Tax withheld | 188 | $96.5K |
| May 5, 2026 | FLYNN ALYSSA R Chief Human Resources Officer | Award | 543 | $0 |
| Feb 17, 2026 | DEL NERO JONATHAN M. Vice President, Controller | Award | 164 | $0 |
| Feb 17, 2026 | Mikes Mark Eugene President Electrical Solutions | Sale | 2,601 | $1.36M |
| Feb 17, 2026 | FLYNN ALYSSA R Chief Human Resources Officer | Award | 483 | $0 |
| Feb 17, 2026 | Gumbs Gregory President, Utility Solutions | Award | 628 | $0 |
| Feb 17, 2026 | Mikes Mark Eugene President Electrical Solutions | Award | 628 | $0 |
| Feb 17, 2026 | LANE KATHERINE ANNE Executive VP, GC & Secretary | Award | 580 | $0 |
| Feb 17, 2026 | BAKKER GERBEN Chairman, President & CEO | Award | 3,980 | $0 |
| Feb 17, 2026 | Capozzoli Joseph Anthony Senior Vice President, CFO | Award | 531 | $0 |
| Feb 10, 2026 | Mikes Mark Eugene President Electrical Solutions | Tax withheld | 141 | $71.3K |
| Feb 10, 2026 | Mikes Mark Eugene President Electrical Solutions | Award | 464 | $0 |
| Feb 10, 2026 | BAKKER GERBEN Chairman, President & CEO | Award | 6,490 | $0 |
| Feb 10, 2026 | BAKKER GERBEN Chairman, President & CEO | Tax withheld | 3,539 | $1.79M |
| Feb 10, 2026 | BAKKER GERBEN Chairman, President & CEO | Award | 7,636 | $0 |
| Feb 10, 2026 | Mikes Mark Eugene President Electrical Solutions | Tax withheld | 167 | $84.4K |
| Feb 10, 2026 | Capozzoli Joseph Anthony Senior Vice President, CFO | Award | 348 | $0 |
| Feb 10, 2026 | Capozzoli Joseph Anthony Senior Vice President, CFO | Tax withheld | 129 | $65.2K |
| Feb 10, 2026 | Capozzoli Joseph Anthony Senior Vice President, CFO | Award | 412 | $0 |
| Feb 10, 2026 | DEL NERO JONATHAN M. Vice President, Controller | Award | 261 | $0 |
| Feb 10, 2026 | DEL NERO JONATHAN M. Vice President, Controller | Tax withheld | 99 | $50.0K |
| Feb 10, 2026 | DEL NERO JONATHAN M. Vice President, Controller | Award | 308 | $0 |
| Feb 10, 2026 | FLYNN ALYSSA R Chief Human Resources Officer | Tax withheld | 283 | $143.0K |
| Feb 10, 2026 | DEL NERO JONATHAN M. Vice President, Controller | Tax withheld | 82 | $41.4K |
| Feb 10, 2026 | FLYNN ALYSSA R Chief Human Resources Officer | Award | 610 | $0 |
| Feb 10, 2026 | FLYNN ALYSSA R Chief Human Resources Officer | Tax withheld | 306 | $154.6K |
| Feb 10, 2026 | FLYNN ALYSSA R Chief Human Resources Officer | Award | 718 | $0 |
| Feb 10, 2026 | Capozzoli Joseph Anthony Senior Vice President, CFO | Tax withheld | 109 | $55.1K |
| Feb 10, 2026 | LANE KATHERINE ANNE Senior VP, GC & Secretary | Tax withheld | 513 | $259.3K |
| Feb 10, 2026 | LANE KATHERINE ANNE Senior VP, GC & Secretary | Award | 1,105 | $0 |
| Feb 10, 2026 | LANE KATHERINE ANNE Senior VP, GC & Secretary | Tax withheld | 603 | $304.7K |
| Feb 10, 2026 | LANE KATHERINE ANNE Senior VP, GC & Secretary | Award | 1,300 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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