EMR Emerson (EMR) Q2 FY26 earnings call
A dynamic quarter defined by the Middle East conflict, which masked otherwise healthy underlying demand; management trimmed the top line but held full-year margin and raised the EPS floor, leaning on backlog and orders momentum for a second-half acceleration. The thesis stays anchored on software- and power-led growth verticals, with embedded AI framed as a 2027-plus differentiator rather than a near-term revenue driver.
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EMR operating KPIs by quarter
| KPI | Dec 2024 Q1 FY25 | Mar 2025 Q2 FY25 | Jun 2025 Q3 FY25 | Sep 2025 Q4 FY25 | Dec 2025 Q1 FY26 | This call Mar 2026 Q2 FY26 | Jun 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|---|---|---|
| Employees | — | — | — | 70KThank you to the 70,000 Emerson employees around the world, to our management team, our Board of Directors and our investors for your trust.Source: earnings call transcript | 70KI am surrounded by the best management team in Industrial Tech and by 70,000 talented engaged colleagues all around the world.Source: earnings call transcript | — | — | 0% |
| Backlog | $7.3BBacklog increased slightly to $7.3 billion.Source: earnings call transcript | $7.5BBacklog increased to $7.5 billion and our book-to-bill for the quarter was 1.04.Source: earnings call transcript | $7.6BBacklog increased to $7.6 billion, and our book-to-bill for the quarter was 1%.Source: earnings call transcript | $7.4BOur backlog ended the year at $7.4 billion.Source: earnings call transcript | $7.9BOur backlog ended the quarter at $7.9 billion, up 9% year-over-year and our book-to-bill was 1.13.Source: earnings call transcript | $8.2BBacklog ended the quarter at $8.2 billion, up 9% year-over-year and our book-to-bill was 1.07.Source: earnings call transcript | $8.2BBacklog ended the quarter at $8.2 billion, up 7% year-over-year, and our book-to-bill was one.Source: earnings call transcript | 0% |
| Book-to-bill ratio | — | 1.04 ratioBacklog increased to $7.5 billion and our book-to-bill for the quarter was 1.04.Source: earnings call transcript | — | — | 1.13 ratioOur backlog ended the quarter at $7.9 billion, up 9% year-over-year and our book-to-bill was 1.13.Source: earnings call transcript | 1.07 ratioBacklog ended the quarter at $8.2 billion, up 9% year-over-year and our book-to-bill was 1.07.Source: earnings call transcript | — | -5.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.