EMR · 10-Q · 2026Q2 · Full report

Guidance / Outlook

EMERSON ELECTRIC CO · 2026-08-04 · Importance 78 · Surprise 50 · Contradicted

For fiscal 2026, management expects consolidated net sales to increase approximately 5 percent and underlying sales to increase approximately 3.5 percent, excluding a 1.5 percent favorable foreign currency translation impact. Reported diluted EPS is expected to be approximately $4.89 and adjusted diluted EPS approximately $6.55. Operating cash flow is projected at approximately $4.1 billion and free cash flow at approximately $3.6 billion after approximately $450 million of capital spending. The outlook assumes approximately $2.2 billion returned to shareholders through $1.0 billion of share repurchases and $1.2 billion of dividends.

Key facts

• Fiscal 2026 operating cash flow expected approximately $4.1 billion and free cash flow expected approximately $3.6 billion (assuming capital spending of approximately $0.45 billion). source
• Fiscal 2026 consolidated net sales are expected to be up approximately 5 percent, with underlying sales up approximately 3.5 percent, excluding a 1.5 percent favorable impact from foreign currency translation. source
• Fiscal 2026 diluted earnings per share expected approximately $4.89 and adjusted diluted earnings per share approximately $6.55. source
• Fiscal 2026 outlook EPS reconciling items: amortization ~1.39, restructuring and related costs ~0.24, acquisition/divestiture fees ~0.09, discrete taxes ~0.05, IEEPA tariff refunds ~ (0.11). source

Impact estimates