nVent Electric plc reported first‑quarter 2026 results that exceeded expectations, with revenue of $1.242 billion, a 53% year‑over‑year increase from the $809 million reported in Q1 2025. Adjusted earnings per share rose to $1.09, up 63% from $0.67 in the prior year and beating the consensus estimate of $0.94 by $0.15.
Revenue growth was driven by a 76% increase in the Systems Protection segment, which generated $895 million in sales, and a 15% rise in Electrical Connections, which delivered $347 million. The company’s data‑center and power‑utility businesses also expanded, contributing to a record $2.6 billion backlog that is largely composed of large data‑center projects.
Adjusted operating income returned on sales remained flat at 20% YoY, with the Systems Protection segment reporting a 22.7% margin while the Electrical Connections segment saw a margin decline due to mix and cost dynamics. Management said that price and productivity gains offset nearly $60 million of cost inflation, including tariff impacts.
Guidance for the full year was raised to sales of $4.905 billion to $4.983 billion and adjusted EPS of $4.45 to $4.55, up 15% to 18% and 20% to 24% respectively from prior guidance of 10% to 13% sales growth and $4.00 to $4.15 EPS. The upgrade reflects confidence in continued momentum in the infrastructure vertical, particularly data‑center demand.
Chair and CEO Beth Wozniak said, 'We had a tremendous start to the year with record sales and orders, and our backlog increased to $2.6 billion. We saw growth across all verticals, with infrastructure leading, driven by broad‑based data center growth in both the gray and white space. Our investments in new products and capacity have been key to our ability to scale and respond to customer demand. As a result of our strong first‑quarter performance and significant momentum in data centers, we are raising our full‑year sales and EPS guidance. I want to recognize the hard work and dedication of our nVent team to deliver these outstanding results.' CFO Gary Corona added, 'It was the first time we reported quarterly adjusted EPS north of $1.'
Investors reacted positively, with analysts upgrading coverage and highlighting the company’s strong execution and growing presence in AI infrastructure. The results underscore nVent’s transformation into a high‑growth provider of liquid‑cooling and electrical‑connection solutions for data centers.
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