Jun 2026 (Q3 FY26) — Aug 4, 2026
Emerson Q3 FY26 – Strong Growth Verticals and Raised Full-Year Guidance
Read the full callEmerson (EMR) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
Emerson earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 4,873 | +7.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 718 | +22.5% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
37 of 43 judged targets kept · 33 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Third quarter adjusted earnings per share | $1.65 to $1.70 | Mar 2026 | adjusted earnings per share grew 13% to $1.71, above the top of our guidance | Achieved |
| Full-year adjusted earnings per share | $6.35 to $6.55 | Sep 2025 | we are raising our adjusted EPS guide to $6.55 | Revised Up |
| Second quarter underlying sales growth | 1% to 2% | Dec 2025 | Underlying sales growth of 0.5% was below expectation due to a 1-point impact from the Middle East conflict. | Missed |
6 of EMERSON ELECTRIC CO's 76 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 73 more targets are in the full ledger.
Claimed
- Underlying sales grew 6%, exceeding expectations.
- Adjusted segment EBITDA margin expanded 140 basis points to 28.5%.
- Adjusted earnings per share grew 13% to $1.71, above the top of guidance.
- Free cash flow of $1.3 billion was up 36% with a 27.1% margin.
- Underlying orders grew 7% with broad-based demand across all business groups.
Qualified
- Middle East conflict resulted in a $25 million revenue headwind in Q3, with a similar impact expected in Q4.
- Software and Systems margin decreased 30 basis points due to software contract renewal dynamics and a higher mix of lower-margin projects.
- China sales declined 3% year-over-year, and Europe sales declined 1% year-over-year.
- Automotive markets remained soft.
Price
$160.54 −0.58% · −$0.93
Performance +24.2% 1Y
1Y: $129.28 on 17 Oct 2025 → $160.54. High $164.38 (11 Aug 2026), low $123.3 (30 Mar 2026).
- Previous close
- $161.47
- 52-week range
- $123.3 – $164.38
- One year
- +23.16%
Overview
- Symbol
- EMR
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
37 of 43 judged targets kept · 33 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Third quarter adjusted earnings per share | $1.65 to $1.70 | Mar 2026 | adjusted earnings per share grew 13% to $1.71, above the top of our guidance | Achieved |
| Full-year adjusted earnings per share | $6.35 to $6.55 | Sep 2025 | we are raising our adjusted EPS guide to $6.55 | Revised Up |
| Second quarter underlying sales growth | 1% to 2% | Dec 2025 | Underlying sales growth of 0.5% was below expectation due to a 1-point impact from the Middle East conflict. | Missed |
Claimed
- Underlying sales grew 6%, exceeding expectations.
- Adjusted segment EBITDA margin expanded 140 basis points to 28.5%.
- Adjusted earnings per share grew 13% to $1.71, above the top of guidance.
- Free cash flow of $1.3 billion was up 36% with a 27.1% margin.
- Underlying orders grew 7% with broad-based demand across all business groups.
Qualified
- Middle East conflict resulted in a $25 million revenue headwind in Q3, with a similar impact expected in Q4.
- Software and Systems margin decreased 30 basis points due to software contract renewal dynamics and a higher mix of lower-margin projects.
- China sales declined 3% year-over-year, and Europe sales declined 1% year-over-year.
- Automotive markets remained soft.
The full ledger
Open EMERSON ELECTRIC CO’s full ledger
A free account opens 5 company ledgers a month. All 76 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q2 FY26) — May 5, 2026
Emerson Q2 FY26 — Middle East conflict masks healthy underlying demand and software-led orders momentum
Read the full callDec 2025 (Q1 FY26) — Feb 3, 2026
Emerson Q1 FY26 — Strong Orders and Margin Beat Driven by Growth Verticals
Read the full callEvery analysed call
Emerson earnings calls (EMR)
Financials
What the filings say
Net profit, year on year: +23% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 4,619 | 4,175 | 4,432 | 4,553 | 4,855 | 4,346 | 4,562 | 4,873 |
| Profit before tax | 679 | 775 | 629 | 734 | 796 | 775 | 793 | 916 |
| Tax rate | 21.9% | 23.5% | 31.6% | 21.0% | 20.2% | 21.8% | 22.1% | 21.6% |
| Net profit | 996 | 585 | 485 | 586 | 637 | 605 | 618 | 718 |
| EPS ($ per share) | 1.74 | 1.03 | 0.86 | 1.04 | 1.13 | 1.08 | — | 1.28 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 477 | 477 | 477 | 477 | 477 | 477 | 477 | 477 |
| Reserves | 23,072 | 24,199 | 24,955 | 26,047 | 28,053 | 40,070 | 40,830 | 40,603 |
| Total liabilities | 11,400 | 12,224 | 14,435 | 14,792 | 19,356 | 16,148 | 16,737 | 21,666 |
| Fixed assets | 3,562 | 3,642 | 3,688 | 3,738 | 2,239 | 2,363 | 2,807 | 2,871 |
| Total assets | 20,390 | 20,497 | 22,882 | 24,715 | 35,672 | 42,746 | 44,246 | 41,964 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 2,892 | 3,006 | 3,083 | 3,575 | 2,922 | 637 | 3,332 | 3,098 |
| Cash from investing | -2,720 | -1,174 | -740 | -2,120 | -5,334 | 12,415 | -5,360 | -593 |
| Cash from financing | -2,092 | -1,391 | -509 | -2,422 | 2,048 | -6,823 | -2,455 | -4,510 |
| Net cash flow | -1,969 | 401 | 1,821 | -961 | -550 | 6,247 | -4,463 | -2,044 |
| Capital expenditure | -617 | -594 | -538 | -404 | -299 | -363 | -419 | -431 |
| Free cash flow | 2,275 | 2,412 | 2,545 | 3,171 | 2,623 | 274 | 2,913 | 2,667 |
EMR revenue by segment
Final Control grew from 24% to 33% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Final Control | 24% | 23% | 24% | 25% | 25% | 32% | 33% | 33% | +42.1% |
| Control Systems and Software | 16% | 17% | 24% | 24% | 28% | 24% | 24% | 25% | +10.7% |
| Sensors | — | — | — | — | — | 23% | 22% | 22% | — |
| Safety and Productivity | 8% | 7% | 8% | 8% | 7% | 12% | 12% | 11% | +59.5% |
| Test and Measurement | 8% | 9% | 8% | 8% | 8% | 9% | 9% | 9% | +23.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
EMR operating KPIs by quarter
| KPI | Mar 2025 Q2 FY25 | Jun 2025 Q3 FY25 | Sep 2025 Q4 FY25 | Dec 2025 Q1 FY26 | 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 | $7.5BBacklog 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.
Insider filings
85 filings between Nov 3, 2025 and Aug 11, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$7.87M
9 sales by 6 insiders
Compensation
not trading decisions- 28
- Award — granted as compensation
- 2
- Option exercise — converted options into shares
- 34
- Tax withheld — shares kept back by the company to cover tax
Also filed: 12 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Karsanbhai Surendralal Lanca | — | $3.34M | Aug 11, 2026 |
| Krishnan Ram R. | — | $1.62M | Jun 1, 2026 |
| Train Michael H. | — | $1.17M | Aug 6, 2026 |
| Piazza Nicholas J. | — | $1.07M | Feb 9, 2026 |
| BLINN MARK A | — | $438.9K | Feb 5, 2026 |
| LEVATICH MATTHEW S | — | $239.3K | Feb 10, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 11, 2026 | Karsanbhai Surendralal Lanca President & CEO | Sale | 9,650 | $1.56M |
| Aug 6, 2026 | Train Michael H. SVP & Chief Sustain Officer | Sale | 7,329 | $1.17M |
| Aug 3, 2026 | Piazza Nicholas J. Senior VP & CPO | Tax withheld | 1,453 | $221.6K |
| Aug 3, 2026 | Newstead Jennifer Director | Award | 622 | — |
| Jun 1, 2026 | Krishnan Ram R. Executive Vice Pres & COO | Sale | 11,500 | $1.62M |
| Apr 6, 2026 | Train Michael H. SVP & Chief Sustain Officer | Tax withheld | 5,286 | $695.7K |
| Mar 10, 2026 | Karsanbhai Surendralal Lanca President & CEO | Sale | 5,700 | $811.2K |
| Mar 9, 2026 | Krishnan Ram R. Executive Vice Pres & COO | Gift | 6,680 | — |
| Mar 9, 2026 | Krishnan Ram R. Executive Vice Pres & COO | Gift | 6,680 | — |
| Feb 10, 2026 | LEVATICH MATTHEW S Director | Sale | 1,476 | $239.3K |
| Feb 9, 2026 | Krishnan Ram R. Executive Vice Pres & COO | Tax withheld | 5,319 | $846.0K |
| Feb 9, 2026 | Piazza Nicholas J. Senior VP & CPO | Sale | 6,703 | $1.07M |
| Feb 5, 2026 | BLINN MARK A Director | Sale | 1,476 | $225.5K |
| Feb 5, 2026 | BLINN MARK A Director | Sale | 1,400 | $213.4K |
| Feb 5, 2026 | Karsanbhai Surendralal Lanca President & CEO | Gift | 5,578 | — |
| Feb 5, 2026 | Karsanbhai Surendralal Lanca President & CEO | Gift | 5,578 | — |
| Feb 3, 2026 | BUTLER CALVIN JR Director | Award | 1,251 | — |
| Feb 3, 2026 | Lee Lori M Director | Award | 1,251 | — |
| Feb 3, 2026 | McKelvey James Morgan Jr. Director | Award | 1,251 | — |
| Feb 3, 2026 | Turley James S Director | Award | 1,251 | — |
| Feb 3, 2026 | BOLTEN JOSHUA B. Director | Award | 1,251 | — |
| Feb 3, 2026 | LEVATICH MATTHEW S Director | Award | 1,251 | — |
| Feb 3, 2026 | FLACH GLORIA A Director | Award | 1,251 | — |
| Feb 3, 2026 | BLINN MARK A Director | Award | 1,251 | — |
| Feb 3, 2026 | Craighead Martin S Director | Award | 1,251 | — |
| Feb 2, 2026 | Karsanbhai Surendralal Lanca President & CEO | Tax withheld | 4,422 | $655.0K |
| Jan 2, 2026 | Tang Michael Sr VP, Secy & Chf Leg Ofc | Tax withheld | 4,571 | $615.0K |
| Jan 2, 2026 | Tang Michael Sr VP, Secy & Chf Leg Ofc | Tax withheld | 2,154 | $289.8K |
| Dec 15, 2025 | Karsanbhai Surendralal Lanca President & CEO | Gift | 3,120 | — |
| Dec 15, 2025 | Karsanbhai Surendralal Lanca President & CEO | Gift | 3,120 | — |
| Dec 10, 2025 | Krishnan Ram R. Executive Vice Pres & COO | Gift | 39,492 | — |
| Dec 10, 2025 | Krishnan Ram R. Executive Vice Pres & COO | Gift | 39,492 | — |
| Dec 8, 2025 | Baughman Michael J Exec VP, CFO & CAO | Gift | 4,000 | — |
| Dec 4, 2025 | Karsanbhai Surendralal Lanca President & CEO | Gift | 2,267 | — |
| Dec 3, 2025 | Karsanbhai Surendralal Lanca President & CEO | Sale | 7,263 | $966.0K |
| Dec 3, 2025 | Karsanbhai Surendralal Lanca President & CEO | Tax withheld | 2,964 | $394.2K |
| Dec 3, 2025 | Karsanbhai Surendralal Lanca President & CEO | Option exercise | 10,227 | $465.3K |
| Dec 2, 2025 | Karsanbhai Surendralal Lanca President & CEO | Tax withheld | 1,653 | $217.2K |
| Dec 2, 2025 | Karsanbhai Surendralal Lanca President & CEO | Option exercise | 4,773 | $217.2K |
| Nov 25, 2025 | Karsanbhai Surendralal Lanca President & CEO | Gift | 115,705 | — |
| Nov 25, 2025 | Karsanbhai Surendralal Lanca President & CEO | Award | 115,705 | — |
| Nov 12, 2025 | Krishnan Ram R. Executive Vice Pres & COO | Gift | 77 | — |
| Nov 6, 2025 | Piazza Nicholas J. Senior VP & CPO | Tax withheld | 859 | $114.0K |
| Nov 6, 2025 | Ramnath Vidya Senior VP &CMO | Tax withheld | 293 | $38.9K |
| Nov 6, 2025 | Zornio Peter Chief Technology Officer | Tax withheld | 480 | $63.7K |
| Nov 6, 2025 | Krishnan Ram R. Executive Vice Pres & COO | Tax withheld | 4,293 | $569.7K |
| Nov 6, 2025 | Flavin Lisa Senior VP & CCO | Tax withheld | 1,002 | $133.0K |
| Nov 6, 2025 | Train Michael H. SVP & Chief Sustain Officer | Tax withheld | 1,431 | $189.9K |
| Nov 6, 2025 | Baughman Michael J Exec VP, CFO & CAO | Tax withheld | 2,049 | $271.9K |
| Nov 6, 2025 | Karsanbhai Surendralal Lanca President & CEO | Tax withheld | 10,016 | $1.33M |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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