EarningsQ3 2026 Earnings Report
MX:EMR Q3 2026 EPS Results
Actual EPS$31.45
Consensus EPS$30.84
Beat/MissBeat by +$0.61
One Year Ago EPS$27.95
MX:EMR Q3 2026 Revenue Results
Actual Revenue$89.60B
Expected Revenue$88.36B
Beat/MissBeat by +$1.24B
YoY Revenue Growth+7.03%
Earnings Announcement Details
QuarterQ3 2026
Date08/04/2026
TimeAfter Close
Conference CallTuesday, August 4, 2026
MX:EMR Upcoming Earnings
Emerson Electric Company's next earnings date is estimated for November 10, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:EMR Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call reported broad-based growth, strong cash generation, margin expansion, raised guidance, and notable wins in key growth verticals (semiconductor, power, Test & Measurement and software). These positives were tempered by regional softness in China and Europe, ongoing Middle East conflict-related disruptions (modeled as a meaningful but manageable headwind), a software renewal dynamic that weighed on margins, and continued tariff/inflation noise. On balance the upbeat operational and financial results, raised guidance, and strong cash returns to shareholders outweigh the headwinds.Company Guidance
Underlying Orders and Sales Growth
Underlying orders grew 7% in Q3 FY2026 and underlying sales grew 6% in Q3; company raised full-year sales growth expectations to 5% GAAP (3.5% underlying).
Strong Performance in Software & Test & Measurement
Software & Systems underlying sales increased 11% in Q3; Test & Measurement momentum was strong (underlying sales and business commentary cited +23%), with orders growth in T&M reported at 19%.
Outsize Growth in Key Verticals — Semiconductor and Power
Growth verticals were up 27% overall; semiconductor sales surged ~53% and power sales rose ~37% in Q3, driving much of the top-line expansion.
Margin Expansion and Earnings Upside
Adjusted segment EBITDA margin expanded 140 basis points to 28.5% in Q3; adjusted EPS grew 13% year-over-year to $1.71 and management raised full-year adjusted EPS guidance to approximately $6.55.
Cash Generation and Shareholder Returns
Q3 free cash flow was $1.3 billion, up 36% (27.1% margin); year-to-date free cash flow up 9% (19% margin). Through Q3 the company completed $898 million of share repurchases and remains committed to returning ~ $2.2 billion to shareholders this fiscal year.
Backlog, Funnel and Bookings Expansion
Backlog ended Q3 at $8.2 billion (up 7% YoY) with book-to-bill of 1.0. Project funnel grew $1.2 billion to $12.4 billion (up 8% YoY); company won ~ $400 million from the funnel in Q3 (80% from growth verticals).
Key Contract Wins and Market Validation
Notable Q3 contract wins included a 2.1 GW Ovation retrofit for CFE (Mexico), supply of critical safety valves for a 2.4 GW Chinese nuclear reactor, and NI Semiconductor Test Systems for a leading Taiwanese semiconductor OEM.
Software Annual Contract Value (ACV) Growth and DGM Strength
Annual contract value grew 9% year-over-year to $1.68 billion at quarter-end; management expects ACV growth of 10%+ in 2026. Digital Grid Management (DGM) ACV grew ~28%, supporting electrification and grid modernization demand.
Strategic Technology Leadership Move
Leadership transition announced: CTO Peter Zornio retiring and Rudy Sengupta appointed Senior VP and Chief Technology & AI Officer to accelerate AI-enabled automation and enterprise AI strategy.
MX:EMR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed