These 3 Companies Shattered Quarterly Records

The 2025 Q2 earnings cycle continues to wind down, with the vast majority of S&P 500 companies already delivering results. The period has been one of resilience, with overall growth remaining strong alongside positive revisions for the upcoming Q3 cycle.

But more specifically, this cycle, several companies – Apple AAPL, Eaton ETN, and DoorDash DASH – posted quarterly records in one way or another, with each also seeing favorable price action post-earnings.

Let’s take a closer look at what drove the positivity.

Eaton Sees Big Backlog

Eaton is an intelligent power management company that provides products for the data center, utility, industrial, commercial, machine building, residential, aerospace, and mobility markets. Shares have been a big beneficiary of the AI frenzy thanks to the data center exposure, up 25% over the past year and outperforming the S&P 500.

Accelerating orders and continued backlog growth contributed to its record-breaking quarter, with adjusted EPS of $2.95 reflecting a Q2 record and up 8% year-over-year. Further adding to the positivity, organic sales grew 8% from the year-ago period, with segment margins of 23.9% also reflecting a Q2 record.

Below is a chart illustrating the company’s sales on a quarterly basis.

ETN shares also reflect a great opportunity for those with an appetite for income, sporting a 7.5% five-year annualized dividend growth rate. Impressively, the company has paid a dividend on its shares every year since 1923. Below is a chart illustrating its dividends paid on an annual basis.

Please note that the final value is calculated on a trailing twelve-month basis, as ETN’s current fiscal-year is still ongoing.

Apple Remains Stellar

Beloved tech titan Apple reported notably strong results, posting quarterly records for sales, iPhone revenue, and EPS. And for the cherry on top, Services revenue of $27.4 billion not only reflected a quarterly record but an all-time one as well.

Below is a chart illustrating the company’s Services revenue on a quarterly basis.

Apple’s installed base of active devices also reached a new all-time record, further adding to the positivity. The tech titan continued to generate serious cash throughout the period, with free cash flow totaling a sizable $24.4 billion.

The company’s rock-solid operations and fundamentals have allowed it to command a higher multiple over the years, with shares currently trading at a 29.3X forward 12-month earnings multiple, in line with the five-year median and reflecting a 30% premium relative to the S&P 500.

EPS is currently forecasted to climb 8.6% in its current fiscal year and 6.6% in the next.

DoorDash Orders Surge

DoorDash shares have been red-hot in 2025, gaining more than 50% and widely outperforming relative to the S&P 500. Its latest set of quarterly results helped confirm the bullish trend, with DASH posting records for Total Orders, Marketplace GOV, and revenue.

The company is clearly enjoying a growth surge, with Total Orders up 20% year-over-year alongside a 25% boost in sales. Adjusted EBITDA also saw a strong 52% move higher to $655 million, further solidifying the results.

Below is a chart illustrating DASH’s sales on a quarterly basis.

But interestingly, the company also revealed some read-through into the consumer, stating –

‘High levels of consumer engagement in the U.S. were evident across many metrics and widespread throughout our consumer cohorts. In the U.S., the size of our new consumer cohorts increased on a Y/Y basis in each of April, May, and June, with initial engagement levels that were consistent with the relevant year-ago period.’

Further reinforced by the results, consumers continue to spend heavily on delivery, reflecting a positive takeaway about the broader economy overall.

Bottom Line

The 2025 Q2 earnings season is winding down, with the period largely positive and resilient.

And throughout the period, several companies – Apple AAPL, Eaton ETN, and DoorDash DASH – posted quarterly records in one way or another.

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This article originally published on Zacks Investment Research (zacks.com).

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