Description

Hubbell Incorporated Faces Grid Automation Weakness As Data Center Growth Reaches 40%!

Hubbell Incorporated reported solid financial results for the first quarter of 2026, marked by double-digit growth in sales, adjusted operating profit, and adjusted earnings per share. Net sales reached $1.517 billion, reflecting an 11% year-over-year increase driven by 8% organic growth and 3% from acquisitions, including a strong start from the recent DMC Power acquisition. The company’s Electrical Solutions segment and its Grid Infrastructure business within Utility Solutions were primary contributors to this organic growth, whereas grid automation experienced anticipated softness, with a 7% decline in organic sales. The Utility Solutions segment achieved 11% sales growth with organic growth of 7%, fueled largely by robust demand in transmission and substation markets, as well as continued investments in aging infrastructure resilience, telecom, and gas distribution. Grid Infrastructure posted 12% organic growth while margins expanded 190 basis points. In contrast, grid automation remained weak but showed signs of stabilization.