EMR · 8-K · 20260804PR000042
Guidance and Outlook
EMERSON ELECTRIC CO · 2026-08-04 · Importance 74 · Surprise 68 · No source text
Emerson raised its fiscal 2026 outlook following strong third-quarter performance and described demand as healthy. The company expects approximately 5% reported net sales growth and 3.5% underlying sales growth for fiscal 2026, including approximately 5% growth in the fourth quarter. Fiscal 2026 adjusted EPS is expected to be approximately $6.55, with operating cash flow of approximately $4.1 billion and free cash flow of approximately $3.6 billion. Management said secular tailwinds are supporting sustained investment in growth verticals through the remainder of 2026 and into 2027.
Key facts
- 2026 Q4 Net Sales Growth guidance: ~5% source
- 2026 Full Year Net Sales Growth guidance: ~5% source
- 2026 Q4 Underlying Sales Growth guidance: ~5% source
- 2026 Full Year Underlying Sales Growth guidance: ~3.5% source
- 2026 Q4 Earnings Per Share guidance: ~$1.45 source
- 2026 Full Year Earnings Per Share guidance: ~$4.89 source
- 2026 Q4 Adjusted Earnings Per Share guidance: ~$1.85 source
- 2026 Full Year Adjusted Earnings Per Share guidance: ~$6.55 source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +4.3% | 2026 Q4 Net Sales Growth guidance: ~5% |
| revenue | positive | committed | +4.3% | 2026 Full Year Net Sales Growth guidance: ~5% |
| revenue | positive | committed | +4.3% | 2026 Q4 Underlying Sales Growth guidance: ~5% |
| revenue | positive | committed | +3.0% | 2026 Full Year Underlying Sales Growth guidance: ~3.5% |
| operating_income | negative | realized | -1.7% | 2026 Q3 IEEPA tariff refunds recorded: $(82) million (non-GAAP adjustment) |
| net_income | positive | committed | — | 2026 Q4 Earnings Per Share guidance: ~$1.45 |
| net_income | positive | committed | — | 2026 Full Year Earnings Per Share guidance: ~$4.89 |
| net_income | positive | committed | — | 2026 Q4 Adjusted Earnings Per Share guidance: ~$1.85 |
| net_income | positive | committed | — | 2026 Full Year Adjusted Earnings Per Share guidance: ~$6.55 |