NVT earnings analysis
What we found in NVT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
nVent Electric reported strong Q1 2026 results with revenue of $1.242 billion, reflecting a significant 53.5% increase year-over-year and surpassing expectations. Diluted EPS was reported at $1.09, indicating a robust surprise compared to the projected EPS of $0.94 and achieving substantial growth from the previous year's figures.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Record Q1 Revenue
- Revenue reached $1.242 billion, up 53.5% YoY from $809.3 million in Q1 2025.
- Exceeding EPS Expectations
- Diluted EPS of $1.09 surpassed the estimate of $0.94, with a notable growth from $0.67 in Q1 2025.
- Segment Growth in Systems Protection
- The Systems Protection segment posted net sales of $894.8 million, up 76.1% from $508.2 million in Q1 2025.
- Strong Operating Income Growth
- Operating income grew to $195.7 million, a 50.5% increase YoY from $130 million.
- Free Cash Flow Positive
- Free cash flow was $53.8 million, an increase compared to $44.4 million in Q1 2025.
- Strong Backlog
- nVent holds a strong backlog of $2.6 billion, indicating continued demand.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Margin Compression due to Inflation
- Gross margin decreased by 2.9 points to 35.9% due to inflationary costs and unfavorable product mix.
- Acquisition Integration Risks
- The ongoing integration of Electrical Products Group may pose operational risks.
- Exposure to Currency Fluctuations
- The company faces risks from currency exchange rates impacting costs and revenues.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.09
- Gross margin
- 35.9%
- Operating margin
- 15.8%
- Segment
- Systems Protection
- Segment
- Electrical Connections
What they said about what is next.
Full-year sales growth guidance raised to 26-28%.
The filing reads better than the one before it.
What came before.
- 10-K · February 17, 2026
- nVent’s 2025 results show material top-line expansion driven by acquisitions and organic demand: total 2025 revenue was about $3,892.0 million (sum of quarterly revenues) vs $3,006.0 million in 2024, backlog expanded to…
- 10-Q · October 31, 2025
- nVent delivered a strong Q3 top-line beat with net sales of $1,054.0 million (up $272.0 million vs Q3 2024's $782.0 million) while gross and operating margins compressed to ~37.5% and ~15.8% respectively. EPS (diluted)…
- 10-Q · August 1, 2025
- nVent reported strong top-line growth in Q2: net sales of $963.1 million, up $223.3 million (+30.2%) year-over-year and up $153.8 million (+19.0%) sequentially. Gross margin compressed to 38.6% while operating margin…
- 10-K · February 18, 2025
- nVent positions itself as a global leader in systems protection and electrical connection solutions, pursuing growth through commercial excellence, digital transformation and M&A (notably ECM in 2023 and Trachte in…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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