AI-extracted from the 10-Q filed 2026-07-29 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net sales rose 15.3% to $1,711.8M (10.2% organic) on data center and utility transmission strength, but the $3.0B debt-funded NSI Industries acquisition pushed total debt-to-capital to 58% from 38% and compressed operating margin 230bps to 20.4%.
Biggest Revenue Drivers
Utility Solutions$1,025.8M+9.7% YoY
5.5% organic growth from strong substation, transmission and distribution markets, plus a 3.9% boost from acquisitions
Electrical Solutions$686.0M+25.1% YoY
18.3% organic growth led by data center, light industrial and non-residential markets, plus 6.5% from the NSI Industries acquisition
Biggest Revenue Drivers
Total revenue: $1,711.8M+15.3% YoY
Utility Solutions$1,025.8M+9.7% YoY
5.5% organic growth from strong substation, transmission and distribution markets, plus a 3.9% boost from acquisitions
Within Utility Solutions
Grid Infrastructure$785.5M
Grid Automation$240.3M
Electrical Solutions$686.0M+25.1% YoY
18.3% organic growth led by data center, light industrial and non-residential markets, plus 6.5% from the NSI Industries acquisition
Within Electrical Solutions
Industrial$410.4M
Largest Expense Items
Cost of goods sold$1,098.8M+140bps to 64.2% of net sales
Material and other cost inflation, including tariff expense, more than offset favorable price realization, productivity and volume gains
Higher transaction and integration costs, acquisition-related intangible amortization, SG&A added by acquisitions, and higher employee compensation
Interest expense, net$39.1M+$24.6M YoY
Higher average outstanding debt from financing the NSI Industries acquisition, including $7.2M of bridge financing costs
Margins: Operating margin contracted 230bps to 20.4%, driven by acquisition-related intangible amortization and transaction/integration costs; adjusted operating margin was 23.9% (-50bps) as price realization, productivity and volume gains were more than offset by material cost inflation including tariffs.
Watch Items from the Filing
NSI Industries acquisition ($3.0B) was financed with a $900M term loan, $1.9B of new senior notes and commercial paper, pushing total debt-to-capital to 58% (vs. 38%) and net debt-to-capital to 52% (vs. 28%).
Electrical Solutions operating margin contracted 480bps YoY to 16.7% due to material and tariff cost inflation plus higher restructuring and integration investment.
Company received ~$30M of IEEPA tariff refunds after quarter-end but had not recognized them as of June 30, 2026 under its gain-contingency accounting model.
Effective tax rate fell to 20.3% from 22.1%, aided by release of a valuation allowance and an advance energy project credit that partly offset transaction-related costs.
Filing flags continued softness in heavy industrial and residential markets as an ongoing risk to Electrical Solutions demand.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
24 transactions in HUBB reported by 4 members of Congress under the STOCK Act, most recent trade Aug 25, 2026. Reported transactions, not recommendations.
About HUBBELL INC (HUBB): stock profile, AI score and financials
HUBBELL INC (HUBB) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores HUBB at 63.9/100 on a composite quality score built from its SEC filings, placing it at rank #573 of 2,925 stocks — the top 25% of the AI-ranked universe. HUBB scores in the top quartile across balance sheet strength (84.3), revenue scale (80.8). Based on the latest XBRL financial filings (Q2 2026), HUBBELL INC reports quarterly revenue of $1.7B, net income of $240.4M, an operating margin of 20.4%. HUBB trades on the NYSE exchange and files with the SEC under CIK 48898. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate HUBB daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for HUBBELL INC directly from SEC EDGAR.