Emerson Q4 FY2026 earnings review

Adjusted EPS rose 14.8% to $1.86, and FY2027 EPS guidance sits above consensus.

Emerson · Q4 FY2026 · Published Nov 4, 2026 · By DeepCell AI · Sources

Emerson Q4 FY2026 earnings review

Quarter ended September 30, 2026

For information only, not investment advice. No rating or price target.

Built with DeepCell / deepcell.net

1 · Emerson (EMR) Q4 FY2026 earnings review

Adjusted EPS rose 14.8% to $1.86, and FY2027 EPS guidance sits above consensus

  1. 1.Net sales rose 7.1% to $5,201M, 1.8% above consensus
  2. 2.Adjusted EPS of $1.86 beat the Zacks consensus by $0.01
  3. 3.Underlying orders rose 14%, ahead of underlying sales growth of 7%
  4. 4.Adjusted segment EBITA margin rose 160 bps to 29.1%
  5. 5.FY2027 adjusted EPS guidance of about $7.25 sits 0.6% above Zacks
  6. 6.Shares traded at $171.45 intraday on Nov 4, up 3.0% from the Nov 3 close

Note: EBITA is earnings before interest, taxes and amortisation. Underlying growth excludes currency and significant acquisitions and divestitures. The Nov 4 price is intraday, as the US close was not yet available.Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; Zacks and MarketBeat consensus; Yahoo Finance prices, Nov 3–4, 2026

2

2 · Executive summary

Q4 adjusted EPS beat consensus by 0.5%, and net sales beat by 1.8%

Q4 FY2026 results vs. consensus (Zacks and MarketBeat, Nov 4, 2026)

MetricActualConsensusVarianceResult
Adjusted EPS (Zacks)$1.86$1.85+$0.01 / +0.5%Beat
Net sales (MarketBeat)$5,201M$5,110M+$91M / +1.8%Beat

Share price, Nov 3–4, 2026 (Yahoo Finance)

Emerson (EMR)Nov 3 closeNov 4 intradayChange
EMR ($)$166.39$171.45+3.0%

Nov 4 price at 12:34 PM ET, intraday; base is the Nov 3 close.

Note: Zacks put revenue 1.6% above its estimate, consistent with the MarketBeat figure.Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; Zacks via Yahoo Finance and MarketBeat, Nov 4, 2026; Yahoo Finance prices

3

3 · Q4 results vs. consensus

FY2027 adjusted EPS guidance of about $7.25 sits 0.6% above Zacks consensus

FY2027 and Q1 FY2027 guidance vs. consensus (Zacks, Nov 4, 2026)

MetricGuidanceConsensusVariancevs. Street
FY2027 adjusted EPS$7.25$7.21+$0.04 / +0.6%Above
FY2027 net sales, implied$19,931M$19,880M+$51M / +0.3%In line
Q1 FY2027 adjusted EPS, midpoint$1.60$1.61-$0.01 / -0.6%Below

FY2027 company guidance

MetricFY2027Q1 FY2027
Net sales growth, about5%5%
GAAP EPS, about$5.70$1.19 to $1.23
Free cash flow$3.8B to $3.9BNot given
Share repurchases, about$2.5B$1.5B

Note: Implied net sales apply about 5% growth to FY2026 net sales. Guidance figures are approximate.Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; Zacks consensus via Yahoo Finance, Nov 4, 2026

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4 · Guidance vs. consensus

Net sales rose 7.1% while adjusted segment EBITA rose 13.4%

  1. Orders led growthUnderlying orders rose 14%, twice the underlying sales growth.
  2. GAAP EPS roseGAAP EPS rose 24.3% to $1.33 as pretax margin widened.

Key figures

MetricQ4 FY2025Q4 FY2026YoY
Net sales$4.9B$5.2B7.1%
Adjusted segment EBITA$1.3B$1.5B13.4%
Pretax earnings$0.8B$1.0B31.2%
Adjusted EPS$1.62$1.8614.8%

Note: EBITA is earnings before interest, taxes and amortisation. Results are continuing operations. Adjusted figures are Emerson’s non-GAAP measures.Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

5

5 · Q4 key financials

Software and Systems sales rose 13.7%, the fastest of the three business groups

Sales and adjusted EBITA by business group

Q4 FY2026

Business groupSalesUnderlying growthAdjusted EBITAMargin
Software and Systems$1,712M+14%$553M32.3%
Intelligent Devices$2,916M+4%$827M28.4%
Safety and Productivity$573M+2%$131M22.9%
Total$5,201M+7%$1,511M29.1%
Software and Systems margin rose 481 bps“Underlying orders were up 14%, supported by exceptional long-cycle project activity in our growth verticals.” Lal Karsanbhai, CEO

Note: EBITA is earnings before interest, taxes and amortisation. Margin is adjusted EBITA divided by sales.Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

6

6 · Segment results

Software and Systems added $206M of the 7.1% sales increase

Net sales bridge by business group

$ million, Q4 FY2025 to Q4 FY2026

$M · Q4 FY2025: $4,855M$M · Software and Systems: $206M$M · Intelligent Devices: $130M$M · Safety and Productivity: $10M$M · Q4 FY2026: $5,201MQ4 FY2025Software andSystemsIntelligentDevicesSafety andProductivityQ4 FY2026$4,500M$4,750M$5,000M$5,300M$4,855M$206M$130M$10M$5,201M
Intelligent Devices added $130M

Note: Steps are each group’s change in reported sales.Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

7

7 · Net sales bridge

Test and Measurement underlying sales rose 15%, the fastest of the five business units

Sales by business unit

$ million, Q4 FY2026

$M · Final Control: $1,725M$M · Control Systems: $1,247M$M · Sensors: $1,191M$M · Safety, Productivity: $573M$M · Test, Measurement: $465MFinal ControlControl SystemsSensorsSafety,ProductivityTest,Measurement$0M$500M$1,000M$1,500M$2,000M$1,725M$1,247M$1,191M$573M$465M
Control Systems underlying sales rose 14%

Note: Control Systems is Control Systems and Software. Safety and Productivity is a single business unit.Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

8

8 · Sales by business unit

Adjusted EPS of $1.86 adds $0.34 of amortisation to GAAP EPS of $1.33

GAAP EPS to adjusted EPS

$ per diluted share, Q4 FY2026

$ · GAAP EPS: $1.33$ · Amortisation: $0.34$ · Restructuring: $0.14$ · Other items: $0.05$ · Adjusted EPS: $1.86GAAP EPSAmortisationRestructuringOther itemsAdjusted EPS$0.0$0.5$1.0$1.5$2.1$1.33$0.34$0.14$0.05$1.86
Restructuring added $0.14 per share

Note: Other items are acquisition fees, pension mark-to-market, tariff refunds and discrete taxes.Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

9

9 · EPS bridge

Pretax margin rose 352 bps to 19.2%, faster than segment EBITA margin

Margins

% of net sales, Q4 FY2025 vs. Q4 FY2026

Adjusted segment EBITA margin · Q4 FY2025: 27.5%Adjusted segment EBITA margin · Q4 FY2026: 29.1%Pretax margin · Q4 FY2025: 15.7%Pretax margin · Q4 FY2026: 19.2%Q4 FY2025Q4 FY20260.0%10.0%20.0%35.0%27.5%29.1%15.7%19.2%

Adjusted segment EBITA marginPretax margin

Adjusted segment EBITA margin rose 160 bps to 29.1%

Note: EBITA is earnings before interest, taxes and amortisation. Margins are divided by net sales. Segment EBITA excludes amortisation and restructuring.Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

10

10 · Margin analysis

11 · Free cash flow

Americas sales rose 9%, while Europe grew 1%

Sales growth by region

Q4 and full year FY2026

RegionQ4 FY2026FY2026
Americas+9%+7%
Europe+1%-1%
Asia, Middle East and Africa+7%+3%
Total underlying sales rose 7% in Q4

Note: Regional growth is as reported in Table 4 of the release.Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

12

12 · Sales by region

13 · Balance sheet and net debt

FY2027 guidance rests on about 5% underlying growth, while Europe grew 1% in Q4

Indicator
What to watch
Implication
Latest reading
Europe demand
Intelligent Devices growth
Slower regional sales
Europe up 1% in Q4
Orders to sales
FY2027 sales growth
Backlog conversion
Orders up 14%
Buybacks
FY2027 EPS
About $2.5B planned
$1.0B in FY2026
Tax rate
Adjusted EPS
Higher effective rate
Q4 rate 25.4%

Note: These are analytical watch points, not company targets.Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

14

14 · Key risks to guidance

Appendix: full year FY2026 detail

ClaimEvidenceCalculation
Net sales rose5.4% to $19.0BTable 1
Underlying sales growth4%Table 7
Adjusted EPS rose9.7% to $6.59Table 6
GAAP EPS$4.79Continuing operations
Adjusted segment EBITA margin28.2%Segment EBITA over net sales
Free cash flow rose8.9% to $3.5BTable 7

EBITA is earnings before interest, taxes and amortisation. Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

15

15 · Appendix: Full year FY2026

Appendix: segment margin detail

ClaimEvidenceCalculation
Software and Systems margin27.5% to 32.3%Adjusted EBITA over sales
Intelligent Devices margin28.4% to 28.4%Adjusted EBITA over sales
Safety and Productivity margin22.6% to 22.9%Adjusted EBITA over sales
Software and Systems share of sales31.0% to 32.9%Mix shift
Adjusted EBITA margin26.1% to 27.1%Includes corporate items
Gross margin51.9% to 52.7%Net sales less cost of sales

EBITA is earnings before interest, taxes and amortisation. Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

16

16 · Appendix: Segment margins

Appendix: capital return detail

ClaimEvidenceCalculation
Dividends paid, FY2026$1.2BTable 3
Share repurchases, FY2026$1.0BTable 3
Returns as share of FY2026 FCF63%Dividends plus buybacks over FCF
New quarterly dividend$0.595 per share, up 7%Payable Dec 10, 2026
FY2027 planned capital returnAbout $3.8BBuybacks plus dividends
Diluted shares565.5M to 559.7MQ4 average

FCF is free cash flow. Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

17

17 · Appendix: Capital returns

Appendix: FY2027 guidance detail

ClaimEvidenceCalculation
Adjusted EPS growth implied10.0%About $7.25 over FY2026 adjusted EPS
Free cash flow midpoint$3.9B, up 8.9%Midpoint over FY2026 FCF
Operating cash flow$4.3B to $4.4BCompany guidance
Underlying sales growthAbout 5%Company guidance
Q1 FY2027 adjusted EPS$1.58 to $1.62Company guidance
Dividends plannedAbout $1.3BCompany guidance

Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

18

18 · Appendix: Guidance math

Appendix: income statement and EPS detail

Income statement

$ millionQ4 FY2025Q4 FY2026
Net sales$4,855M$5,201M
Cost of sales$2,335M$2,461M
SG&A expenses$1,330M$1,393M
Pretax earnings$760M$997M

GAAP EPS to adjusted

$ per shareQ4 FY2025Q4 FY2026
GAAP EPS$1.07$1.33
Amortisation and restructuring$0.35 / $0.11$0.34 / $0.14
Other items$0.09$0.05
Adjusted EPS$1.62$1.86

Note: Results are continuing operations. Adjusted EPS follows Emerson’s Table 6 definition.Source: Emerson Form 8-K, Ex. 99.1, Nov 4, 2026; analysis of company data

19

19 · Appendix: Income statement

Appendix: sources

  • Filing: Emerson Form 8-K, Nov 4, 2026 (accepted 6:53 AM ET) — https://www.sec.gov/Archives/edgar/data/32604/000003260426000049/0000032604-26-000049-index.htm
  • Exhibit 99.1, fourth quarter and full year 2026 results — https://www.sec.gov/Archives/edgar/data/32604/000003260426000049/a2026q4release_ex991.htm
  • Consensus: Zacks via Yahoo Finance, Nov 4, 2026 (Q4 EPS, FY2027 and Q1 FY2027) — https://ca.finance.yahoo.com/news/emerson-electric-emr-beats-q4-121003993.html
  • Consensus: MarketBeat (Q4 revenue), accessed Nov 4, 2026 — https://www.marketbeat.com/earnings/reports/2026-11-4-emerson-electric-co-stock
  • Share price: Yahoo Finance EMR, Nov 3 close and Nov 4 intraday at 12:34 PM ET — https://finance.yahoo.com/quote/EMR/history/
  • Emerson’s fiscal year ends September 30. Q4 FY2026 is the quarter ended September 30, 2026.
  • Underlying sales exclude currency and significant acquisitions and divestitures, as defined by Emerson.
  • Adjusted EPS, adjusted EBITA, segment EBITA and free cash flow are non-GAAP measures reconciled in Tables 4 to 7.
  • Chart and table values link to the model in the spreadsheet tabs of this file.

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20

20 · Sources

Important disclosures and disclaimer

For information only. This presentation is provided for information only. It is not investment, legal, tax or accounting advice, and it is not an offer, or a solicitation of an offer, to buy or sell any security.

No recommendation. It carries no rating, price target or buy, sell or hold view, and it was prepared without regard to any reader's investment objectives, financial situation or needs.

Sources and accuracy. Company figures come from Emerson's Form 8-K of November 4, 2026 (Exhibit 99.1). Consensus estimates (Zacks, MarketBeat) and share prices (Yahoo Finance) are third-party data, credited on the sources page. We have not independently verified third-party data.

Basis of presentation. Figures are US GAAP continuing operations for the quarters ended September 30, 2026 and 2025, in US dollars. Emerson's fiscal year ends September 30.

Forward-looking statements. Company guidance, consensus estimates and the watch items in this deck are forward-looking. They rest on assumptions that may prove wrong, and actual results may differ materially.

Non-GAAP measures. Adjusted EPS, adjusted EBITA, adjusted segment EBITA, underlying sales and free cash flow follow Emerson's own definitions and are reconciled in its release. They may not be comparable with other companies' measures.

No liability. No liability is accepted for any direct or indirect loss arising from the use of this presentation or its contents.

No affiliation. This presentation is not affiliated with, reviewed or endorsed by Emerson Electric Co. Company names belong to their owners.

How it was made. The deck was built with DeepCell, with figures linked to a model in the file. Readers should check the figures against the original filings.

Date of analysis. The analysis reflects information available on November 4, 2026, before the US market close.

Built with DeepCell / deepcell.net

21

21 · Disclosures

Sources

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