Hubbell reports 24.6% revenue growth in Q3 2026

Hubbell Incorporated reported third-quarter 2026 financial results featuring a 24.6% year-on-year revenue increase to $1.87 billion, surpassing Wall Street consensus estimates of $1.86 billion. The company's non-GAAP earnings per share of $5.91 also exceeded analyst expectations by 2.7%.

Growth was driven largely by the Electrical Solutions segment, which saw organic growth of over 20%, fueled by strong demand in datacenter markets. The Utility Solutions segment also reported solid organic growth, supported by the distribution, transmission, and substation markets.

Following these results, Hubbell raised its full-year 2026 adjusted earnings per share guidance to a midpoint of $20.50. Despite the strong revenue and profit beats, the company's stock experienced a decline following the announcement.