{"slug":"eaton","name":"Eaton","name_en":"Eaton","ticker":"ETN","updated_at":"2026-07-12T04:11:30.739+00:00","canonical":"https://valuechain.wiki/eaton","same_as":["https://finance.yahoo.com/quote/ETN","https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1551182"],"citable":"밸류체인 그래프 기준 Eaton의 직접 연결 기업은 4곳(관계 기준 공급 0·매출 4)이고, 사슬을 2차까지 넓히면 18곳에 닿는다. 링크의 근거 출처는 2건이며 그중 1차공시가 1건이다 (valuechain.wiki, 2026-07-12 기준).","citable_en":"Per the valuechain.wiki graph, Eaton is directly linked to 4 companies (0 supply, 4 revenue relationships) and reaches 18 companies within two hops; the links are backed by 2 dated sources, 1 of them primary filings (as of 2026-07-12).","kicker":"뉴욕증시 · 데이터센터 전력·UPS · 전력관리","kicker_en":"NYSE · Datacenter power & UPS · power management","lead":"전력관리 대기업. AI 데이터센터는 기존 대비 전력 인프라 밀도가 5~10배 필요해, 이튼의 UPS·배전·전력관리 수요가 다년 슈퍼사이클. 데이터센터가 전기사업 매출의 25~30%(연 $40~60억). MS·구글·아마존·메타가 핵심 고객. 2분기 매출 $70억(분기 최대).","lead_en":"A power-management major. AI datacenters need 5-10x the electrical density of traditional ones, making Eaton’s UPS, distribution and power management a multi-year supercycle. Datacenters are 25-30% of the electrical business ($4-6B/yr). Microsoft, Google, Amazon and Meta are core customers. Q2 revenue $7B (record).","segments":{"fy":2025,"parts":[{"desc":"AI DC 전력밀도 5~10배 수요 — 전기사업의 25~30%, 슈퍼사이클 성장축.","name":"데이터센터 전력·UPS"},{"desc":"산업·콜로·유틸리티 배전·전력관리 — 안정적 본체.","name":"전기 배전"},{"desc":"항공 전력·유압 시스템.","name":"항공우주"}],"total":"2분기 매출 $7B(전기 수주잔고 +18%)","concentration":"데이터센터가 전기사업 25~30%."},"segments_en":{"fy":2025,"parts":[{"desc":"AI-DC power density 5-10x demand — 25-30% of the electrical business, the supercycle growth axis.","name":"Datacenter power/UPS"},{"desc":"Industrial, colo and utility distribution/power management — the stable core.","name":"Electrical distribution"},{"desc":"Aerospace power and hydraulic systems.","name":"Aerospace"}],"total":"Q2 revenue $7B (electrical backlog +18%)","concentration":"Datacenter 25-30% of electrical."},"returns_yearly":{"2021":46.7,"2022":-7.2,"2023":56.2,"2024":39.5,"2025":-2.8,"2026":28.6},"return_asof":"2026-07-10","value_chain":{"leading":[{"slug":"nestle","name":"Nestlé","name_en":"Nestlé S.A.","tier":3,"returns_yearly":{"2021":22.1,"2022":-4.2,"2023":-9.3,"2024":-18.8,"2025":-1.8,"2026":17.9}},{"slug":"amazon","name":"아마존","name_en":"Amazon","tier":3,"returns_yearly":{"2021":2.4,"2022":-49.6,"2023":80.9,"2024":44.4,"2025":5.2,"2026":6.3}},{"slug":"walmart","name":"Walmart Inc","name_en":"Walmart Inc","tier":3,"returns_yearly":{"2021":2,"2022":-0.5,"2023":12.9,"2024":74,"2025":24.5,"2026":2.6}},{"slug":"emart","name":"이마트","name_en":"E-mart Inc.","tier":3,"returns_yearly":{"2021":-18.4,"2022":-19.5,"2023":-25.3,"2024":-14.6,"2025":44.7,"2026":-7.8}},{"slug":"shopify","name":"Shopify","name_en":"Shopify","tier":3,"returns_yearly":{"2021":21.7,"2022":-74.8,"2023":124.4,"2024":36.5,"2025":51.4,"2026":-23.9}},{"slug":"planet-labs","name":"플래닛랩스","name_en":"Planet Labs","tier":2,"returns_yearly":{"2022":-29.3,"2023":-43.2,"2024":63.6,"2025":388.1,"2026":32.1}},{"slug":"starbucks","name":"Starbucks Corp","name_en":"Starbucks Corp","tier":2,"returns_yearly":{"2021":11.1,"2022":-13.2,"2023":-1.2,"2024":-2.5,"2025":-5.3,"2026":27.4}},{"slug":"johnson-controls","name":"존슨 컨트롤스","name_en":"Johnson Controls","tier":2,"returns_yearly":{"2021":77.4,"2022":-19.3,"2023":-7.6,"2024":39.8,"2025":53,"2026":20}},{"slug":"snowflake","name":"Snowflake","name_en":"Snowflake","tier":2,"returns_yearly":{"2021":20.4,"2022":-57.6,"2023":38.6,"2024":-22.4,"2025":42.1,"2026":19.2}},{"slug":"costco","name":"Costco Wholesale","name_en":"Costco Wholesale","tier":2,"returns_yearly":{"2021":51.8,"2022":-19,"2023":49,"2024":39.6,"2025":-5.4,"2026":6.6}},{"slug":"procter-gamble","name":"Procter & Gamble","name_en":"Procter & Gamble","tier":2,"returns_yearly":{"2021":20.5,"2022":-5,"2023":-0.9,"2024":17.3,"2025":-12.3,"2026":4.1}},{"slug":"mercadolibre","name":"MercadoLibre","name_en":"MercadoLibre, Inc.","tier":2,"returns_yearly":{"2021":-19.5,"2022":-37.2,"2023":85.7,"2024":8.2,"2025":18.5,"2026":-8}},{"slug":"uber","name":"Uber","name_en":"Uber","tier":2,"returns_yearly":{"2021":-17.8,"2022":-41,"2023":149,"2024":-2,"2025":35.5,"2026":-8.8}},{"slug":"mcdonalds","name":"McDonald's","name_en":"McDonald's","tier":2,"returns_yearly":{"2021":27.8,"2022":0.5,"2023":15.1,"2024":0.1,"2025":7.9,"2026":-9}},{"slug":"lvmh","name":"LVMH","name_en":"LVMH Moet Hennessy Louis Vuitton","tier":2,"returns_yearly":{"2021":46.6,"2022":12.7,"2023":-1.8,"2024":-7.3,"2025":-20.4,"2026":-9}},{"slug":"recursion","name":"Recursion Pharmaceuticals","name_en":"Recursion Pharmaceuticals","tier":2,"returns_yearly":{"2022":-55,"2023":27.9,"2024":-31.4,"2025":-39.5,"2026":-13}},{"slug":"servicenow","name":"ServiceNow","name_en":"ServiceNow","tier":2,"returns_yearly":{"2021":17.9,"2022":-40.2,"2023":82,"2024":50.1,"2025":-27.7,"2026":-29.7}},{"slug":"openai","name":"OpenAI","name_en":"OpenAI","tier":2,"returns_yearly":null},{"slug":"anthropic","name":"Anthropic","name_en":"Anthropic","tier":2,"returns_yearly":null},{"slug":"alphabet","name":"알파벳 (구글)","name_en":"Alphabet (Google)","tier":1,"returns_yearly":{"2021":65.3,"2022":-39.1,"2023":58.3,"2024":36,"2025":66,"2026":14.3}},{"slug":"meta","name":"메타 플랫폼스","name_en":"Meta Platforms","tier":1,"returns_yearly":{"2021":23.1,"2022":-64.2,"2023":194.1,"2024":66,"2025":13.1,"2026":1.6}},{"slug":"microsoft","name":"마이크로소프트","name_en":"Microsoft","tier":1,"returns_yearly":{"2021":52.5,"2022":-28,"2023":58.2,"2024":12.9,"2025":15.6,"2026":-20}}],"benefiting":[],"analysis":"AI 데이터센터가 기존 대비 5~10배 전력 밀도를 요구하면서 UPS·배전·전력관리 수요가 다년 슈퍼사이클에 들어선 전력관리 대기업이다. 데이터센터가 전기사업 매출의 25~30%(연 $40~60억)를 차지하고 MS·구글·아마존·메타 하이퍼스케일러가 핵심 고객이며, 2분기 매출 $70억(분기 최대)·전기 수주잔고 +18%가 사이클의 초입을 가리킨다. 리스크는 하이퍼스케일러 capex 사이클에 실적이 연동된다는 점과 전력전자 부품 조달이며, 콜로·산업·유틸리티·항공우주가 수요를 분산한다. 그래프상 하류는 하이퍼스케일러 데이터센터이고, AI 전력 밀도 상승이 이 노드로 수요를 밀어 올린다.","analysis_en":"A power-management major whose UPS, distribution and power-management demand has entered a multi-year supercycle as AI data centers require 5-10x the electrical density of traditional ones. Data centers are 25-30% of the electrical business ($4-6B/yr) with hyperscalers Microsoft, Google, Amazon and Meta as core customers, and Q2 revenue of $7B (a record) with electrical backlog +18% points to the early innings of the cycle. Risks are that results track the hyperscaler capex cycle and power-electronics component sourcing, with colocation, industrial, utility and aerospace diversifying demand. Downstream on the graph are hyperscaler data centers, and rising AI power density pushes demand into this node.","analysis_asof":"2026-07-09"},"edges":[{"direction":"revenue","counterparty":"메타 플랫폼스","counterparty_slug":"meta","confidence":"mid","metric":null,"note":"메타 플랫폼스 데이터센터에 UPS·배전·전력관리 공급.","note_en":"Supplies UPS, distribution and power management to meta datacenters.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-30","url":"https://www.sec.gov/Archives/edgar/data/0001551182/000155118225000033/etn09302025exhibit99.htm","title":"Eaton 분기 실적(8-K)","title_en":"Eaton quarterly results (8-K)","excerpt":"메타 플랫폼스 등 하이퍼스케일러가 AI 데이터센터 전력에 대규모 투자.","excerpt_en":"Hyperscalers like meta invest heavily in AI-datacenter power."},{"stance":"confirms","publisher":"디일렉","publisher_en":"TheElec","kind":"news","lang":"ko","published_at":"2024-01-01","url":"https://www.thelec.kr/news/articleView.html?idxno=21516","title":"이튼, 검증된 전력솔루션으로 국내 데이터센터 시장 공략","title_en":"Eaton targets Korean datacenter market with power solutions","excerpt":"메타 플랫폼스 등 하이퍼스케일러가 AI 데이터센터 전력에 대규모 투자.","excerpt_en":"Hyperscalers like meta invest heavily in AI-datacenter power."}]},{"direction":"revenue","counterparty":"아마존","counterparty_slug":"amazon","confidence":"mid","metric":null,"note":"아마존 데이터센터에 UPS·배전·전력관리 공급.","note_en":"Supplies UPS, distribution and power management to amazon datacenters.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-30","url":"https://www.sec.gov/Archives/edgar/data/0001551182/000155118225000033/etn09302025exhibit99.htm","title":"Eaton 분기 실적(8-K)","title_en":"Eaton quarterly results (8-K)","excerpt":"아마존 등 하이퍼스케일러가 AI 데이터센터 전력에 대규모 투자.","excerpt_en":"Hyperscalers like amazon invest heavily in AI-datacenter power."},{"stance":"confirms","publisher":"디일렉","publisher_en":"TheElec","kind":"news","lang":"ko","published_at":"2024-01-01","url":"https://www.thelec.kr/news/articleView.html?idxno=21516","title":"이튼, 검증된 전력솔루션으로 국내 데이터센터 시장 공략","title_en":"Eaton targets Korean datacenter market with power solutions","excerpt":"아마존 등 하이퍼스케일러가 AI 데이터센터 전력에 대규모 투자.","excerpt_en":"Hyperscalers like amazon invest heavily in AI-datacenter power."}]},{"direction":"revenue","counterparty":"산업·콜로·유틸리티 (전력)","counterparty_slug":null,"confidence":"mid","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"콜로·산업·유틸리티 전력관리.","note_en":"Colo, industrial and utility power management.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-30","url":"https://www.sec.gov/Archives/edgar/data/0001551182/000155118225000033/etn09302025exhibit99.htm","title":"Eaton 분기 실적(8-K)","title_en":"Eaton quarterly results (8-K)","excerpt":"전기사업 수주잔고 +18%.","excerpt_en":"Electrical backlog up 18%."}]},{"direction":"revenue","counterparty":"마이크로소프트","counterparty_slug":"microsoft","confidence":"mid","metric":null,"note":"마이크로소프트 데이터센터에 UPS·배전·전력관리 공급.","note_en":"Supplies UPS, distribution and power management to microsoft datacenters.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-30","url":"https://www.sec.gov/Archives/edgar/data/0001551182/000155118225000033/etn09302025exhibit99.htm","title":"Eaton 분기 실적(8-K)","title_en":"Eaton quarterly results (8-K)","excerpt":"마이크로소프트 등 하이퍼스케일러가 AI 데이터센터 전력에 대규모 투자.","excerpt_en":"Hyperscalers like microsoft invest heavily in AI-datacenter power."},{"stance":"confirms","publisher":"디일렉","publisher_en":"TheElec","kind":"news","lang":"ko","published_at":"2024-01-01","url":"https://www.thelec.kr/news/articleView.html?idxno=21516","title":"이튼, 검증된 전력솔루션으로 국내 데이터센터 시장 공략","title_en":"Eaton targets Korean datacenter market with power solutions","excerpt":"마이크로소프트 등 하이퍼스케일러가 AI 데이터센터 전력에 대규모 투자.","excerpt_en":"Hyperscalers like microsoft invest heavily in AI-datacenter power."}]},{"direction":"revenue","counterparty":"알파벳 (구글)","counterparty_slug":"alphabet","confidence":"mid","metric":null,"note":"알파벳 (구글) 데이터센터에 UPS·배전·전력관리 공급.","note_en":"Supplies UPS, distribution and power management to alphabet datacenters.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-30","url":"https://www.sec.gov/Archives/edgar/data/0001551182/000155118225000033/etn09302025exhibit99.htm","title":"Eaton 분기 실적(8-K)","title_en":"Eaton quarterly results (8-K)","excerpt":"알파벳 (구글) 등 하이퍼스케일러가 AI 데이터센터 전력에 대규모 투자.","excerpt_en":"Hyperscalers like alphabet invest heavily in AI-datacenter power."},{"stance":"confirms","publisher":"디일렉","publisher_en":"TheElec","kind":"news","lang":"ko","published_at":"2024-01-01","url":"https://www.thelec.kr/news/articleView.html?idxno=21516","title":"이튼, 검증된 전력솔루션으로 국내 데이터센터 시장 공략","title_en":"Eaton targets Korean datacenter market with power solutions","excerpt":"알파벳 (구글) 등 하이퍼스케일러가 AI 데이터센터 전력에 대규모 투자.","excerpt_en":"Hyperscalers like alphabet invest heavily in AI-datacenter power."}]},{"direction":"cost","counterparty":"R&D·엔지니어링 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"전력관리·UPS R&D.","note_en":"Power-management/UPS R&D.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-30","url":"https://www.sec.gov/Archives/edgar/data/0001551182/000155118225000033/etn09302025exhibit99.htm","title":"Eaton 분기 실적(8-K)","title_en":"Eaton quarterly results (8-K)","excerpt":"데이터센터 전력 솔루션 R&D.","excerpt_en":"Datacenter power-solution R&D."}]},{"direction":"cost","counterparty":"전력부품·소재 (비공개)","counterparty_slug":null,"confidence":"low","metric":{"type":"qualifier","value":null,"qualifier":"confirmed_no_disclosed_value"},"note":"전력전자·배전 부품.","note_en":"Power-electronics and distribution parts.","sources":[{"stance":"confirms","publisher":"SEC EDGAR","publisher_en":"SEC EDGAR","kind":"filing","lang":"en","published_at":"2025-10-30","url":"https://www.sec.gov/Archives/edgar/data/0001551182/000155118225000033/etn09302025exhibit99.htm","title":"Eaton 분기 실적(8-K)","title_en":"Eaton quarterly results (8-K)","excerpt":"UPS·배전 장비용 부품.","excerpt_en":"Parts for UPS/distribution gear."}]}]}