nVent Q3 sales jump 44% as shares fall despite higher revenue

nVent Electric (NYSE:NVT) reported third-quarter 2026 revenue of $1.5 billion, up 44% year over year, while adjusted earnings per share reached $1.52, exceeding analyst expectations.

Revenue surpassed the approximately $1.43 billion analyst estimate, while adjusted EPS beat the consensus range of $1.39–$1.40 per share.

The company reported that demand for electrical infrastructure and data center liquid cooling solutions contributed to growth across its business segments.

Adjusted operating income increased 57% to $335 million, while free cash flow rose 6% to $268 million; Systems Protection sales increased 53% to $1.1 billion, and Electrical Connections revenue grew 23% to $417 million.

nVent raised its full-year 2026 adjusted EPS guidance to $5.36–$5.39 per share and projected reported sales growth of 48%–49%, while fourth-quarter adjusted EPS is expected to reach $1.30–$1.33.

Despite exceeding quarterly earnings and revenue expectations, nVent shares fell approximately 4.6% following the announcement as investors assessed the company's forward outlook.

nVent designs and manufactures electrical connection and protection products, including infrastructure solutions for data centers, industrial facilities, energy systems and commercial buildings.