Emerson Electric Co. · EMR · FY2025 Q4 · Calendar Q4 2025

Emerson enters FY2026 with raised guidance and execution risks

The quarter supports a constructive operating thesis: strong orders, software growth, automation demand, and AspenTech synergies provide growth support. The thesis is not risk-free because renewal timing, regional softness, competitive pressure, and weaker sustainability-linked activity could constrain the next phase.

Reported Before market openNYSEIndustrials $90.52B market cap
90quality score

Earnings scorecard

Reported versus consensus
Reported EPS $1.62 Consensus $1.62
EPS surprise 0.0% Reported versus consensus
Reported revenue $4.86B Consensus $4.90B
Revenue surprise -0.9% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -3.8% Event window
SPY move +0.3% Same window
Abnormal move -4.2% Stock minus SPY
Volume 1.9× Versus trailing sessions
Subsequent drift +3.2% Up to 20 sessions
EMRSPY benchmark

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Transcript intelligence

What changed

Management presented a stronger FY2026 setup, with raised sales and EPS guidance, solid Q4 orders, new AI applications, and progress toward AspenTech synergies. The main offset is a disclosed software-renewal timing headwind that temporarily affects FY2026 EPS and margins.

Guidance delta

Management raised FY2026 guidance: sales growth of about 5.5% and adjusted EPS of $6.35-$6.55; a software-renewal timing headwind is expected to reduce FY2026 EPS by about $0.15.

Key takeaways

  • Orders grew 6% in Q4, led by Test & Measurement and power automation.
  • Software ACV grew 10% to $1.56 billion, while renewal timing creates a temporary FY2026 headwind.
  • Management is targeting AspenTech synergies and expanding AI applications across automation platforms.
  • Europe and China remain areas of demand uncertainty.

Management priorities

  • Integrate AspenTech and pursue the stated $100 million run-rate synergy target by 2026.
  • Expand AI-driven applications across automation platforms.
  • Execute power, LNG, life-science, semiconductor, and aerospace and defense projects.
  • Continue technology investment and planned capital returns.

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Earnings History

Estimate Beat Miss Match
EMR EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 3 future estimate-only quarters. Q2 '24 estimate $1.28 Q2 '24 actual $1.36, beat Q3 '24 estimate $1.41 Q3 '24 actual $1.43, beat Q4 '24 estimate $1.47 Q4 '24 actual $1.48, match Q3 '25 estimate $1.51 Q3 '25 actual $1.52, match Q4 '25 estimate $1.62 Q4 '25 actual $1.62, match Q1 '26 estimate $1.42 Q1 '26 actual $1.46, beat Q2 '26 estimate $1.53 Q2 '26 actual $1.54, match Q3 '26 estimate $1.68 Q3 '26 actual $1.71, beat Q4 '26 estimate $1.84 Q1 '27 estimate $1.60 Q2 '27 estimate $1.71
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Analyst Consensus ?

ConsensusHold42 ratings
Bullish2252.4%
Neutral1740.5%
Bearish37.1%

Analyst 52W Price Targets

$161.4Current
$86Low
$137.76Average
$186High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
TD Cowen Hold HoldMaintainSep 25, 2026
Morgan Stanley Underweight UnderweightMaintainAug 28, 2026
DA Davidson Neutral NeutralMaintainAug 24, 2026
Bernstein Outperform OutperformMaintainAug 14, 2026
RBC Capital Outperform OutperformMaintainAug 5, 2026
Evercore ISI Group Outperform OutperformMaintainAug 5, 2026
Citigroup Buy BuyMaintainAug 5, 2026
JP Morgan Overweight NeutralUpgradeJul 17, 2026
Wells Fargo Equal Weight Equal WeightMaintainMay 7, 2026
Barclays Equal Weight Equal WeightMaintainMay 6, 2026
Stephens & Co. Equal Weight Equal WeightMaintainFeb 9, 2026
Deutsche Bank Hold BuyDowngradeFeb 5, 2026
Oppenheimer Perform OutperformDowngradeJan 27, 2026
UBS Buy NeutralUpgradeJan 5, 2026
Jefferies Hold BuyDowngradeDec 10, 2025
B of A Securities Buy BuyMaintainJul 2, 2025
Keybanc Overweight OverweightMaintainJul 1, 2025
Baird Neutral NeutralMaintainMay 8, 2025
Loop Capital Buy BuyMaintainDec 2, 2024
Mizuho Buy BuyMaintainMay 9, 2024
Berenberg Buy BuyMaintainMar 6, 2024
Vertical Research Buy HoldUpgradeSep 15, 2023
Argus Research Buy HoldUpgradeAug 28, 2023
HSBC Buy HoldUpgradeJun 15, 2023
Wolfe Research Outperform Peer PerformUpgradeApr 18, 2023
Cowen & Co. Outperform OutperformMaintainFeb 21, 2023
Credit Suisse Outperform OutperformMaintainAug 10, 2022
Goldman Sachs Buy NeutralUpgradeJan 19, 2021
Argus Hold BuyDowngradeAug 13, 2019
Bank of America Buy BuyMaintainOct 4, 2018
Stifel Nicolaus Buy BuyMaintainMay 3, 2018
Stifel Buy BuyMaintainMay 3, 2018
JMP Securities Market Perform Market OutperformDowngradeFeb 1, 2018
Buckingham Research Underperform NeutralDowngradeAug 19, 2016
CLSA Underperform SellMaintainAug 3, 2016
Standpoint Research Hold BuyDowngradeFeb 29, 2016
Societe Generale Hold BuyDowngradeNov 5, 2015
Atlantic Equities Neutral OverweightDowngradeFeb 9, 2015
Nomura Buy BuyMaintainFeb 3, 2015
Canaccord Genuity Hold HoldMaintainMar 27, 2013
Ladenburg Thalmann Hold BuyDowngradeFeb 6, 2013
Macquarie Neutral OutperformDowngradeOct 1, 2012
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Named analyst price targets

Upside is calculated against the persisted current price $161.4. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Wells FargoStephen Tusa$177$156.08 +9.7%Sep 24, 2026
Morgan StanleyAnalyst unavailable$135$157.72 -16.4%Aug 28, 2026
D.A. DavidsonAnalyst unavailable$155$157.17 -4.0%Aug 24, 2026
BernsteinVarun Govindaraj$186$164.05 +15.2%Aug 14, 2026
BMO CapitalAnalyst unavailable$175$156.91 +8.4%Aug 7, 2026
Robert W. BairdAnalyst unavailable$171$158.88 +5.9%Aug 5, 2026
RBC CapitalAnalyst unavailable$179$158.88 +10.9%Aug 5, 2026
BernsteinAnalyst unavailable$169$139.56 +4.7%Jul 20, 2026
KeyBancKen Newman$170$138.88 +5.3%Jul 13, 2026
Wolfe ResearchAnalyst unavailable$167$138.9 +3.5%Jul 9, 2026
D.A. DavidsonChris Dankert$145$146.52 -10.2%Jun 15, 2026
BernsteinVarun Govindaraj$175$142.42 +8.4%Jun 9, 2026
RBC CapitalAnalyst unavailable$169$145.68 +4.7%May 6, 2026
BarclaysAnalyst unavailable$144$138.4 -10.8%May 6, 2026
BMO CapitalDaniel DiCicco$150$126.31 -7.1%Mar 26, 2026
StephensAnalyst unavailable$155$157.38 -4.0%Feb 9, 2026
Evercore ISIAnalyst unavailable$185$153.02 +14.6%Feb 5, 2026
KeyBancAnalyst unavailable$185$157.32 +14.6%Feb 5, 2026
Deutsche BankNicole Deblase$170$157.32 +5.3%Feb 4, 2026
RBC CapitalDeane Dray$176$155.84 +9.0%Feb 4, 2026
Mizuho SecuritiesBrett Linzey$173$152.1 +7.2%Feb 4, 2026
Robert W. BairdAnalyst unavailable$168$157.54 +4.1%Feb 4, 2026
Wells FargoJoseph O'Dea$160$152.1 -0.9%Feb 4, 2026
Morgan StanleyAnalyst unavailable$125$144.25 -22.6%Jan 9, 2026
BarclaysAnalyst unavailable$145$145.62 -10.2%Jan 7, 2026
Wells FargoJoseph O'Dea$145$145.62 -10.2%Jan 7, 2026
UBSAnalyst unavailable$168$135.82 +4.1%Jan 4, 2026
Evercore ISIAnalyst unavailable$170$136.64 +5.3%Dec 15, 2025
JefferiesSaree Boroditsky$145$135.28 -10.2%Dec 10, 2025
Wells FargoJoseph O'Dea$135$116.15 -16.4%May 21, 2025
BarclaysAnalyst unavailable$110$118.57 -31.8%Mar 10, 2025
Wells FargoJoseph O'Dea$140$120.68 -13.3%Jan 7, 2025
Loop Capital MarketsChris Dankert$155$132.03 -4.0%Dec 2, 2024
OppenheimerChristopher Glynn$150$126.86 -7.1%Nov 6, 2024
KeyBancKen Newman$140$117.27 -13.3%Nov 6, 2024
Robert W. BairdMichael Halloran$125$117.27 -22.6%Nov 6, 2024
Mizuho SecuritiesBrett Linzey$140$117.27 -13.3%Nov 6, 2024
Deutsche BankNicole DeBlase$140$117.67 -13.3%Nov 5, 2024
KeyBancKen Newman$125$117.27 -22.6%Nov 5, 2024
Morgan StanleyChristopher Snyder$105$99.97 -34.9%Sep 6, 2024
Mizuho SecuritiesBrett Linzey$130$99.54 -19.5%Aug 8, 2024
RBC CapitalDeane Dray$139$99.54 -13.9%Aug 8, 2024
Argus ResearchJohn Eade$130$114.82 -19.5%May 14, 2024
Loop Capital MarketsChris Dankert$135$115.88 -16.4%May 10, 2024
Wells FargoJoseph O'Dea$133$112.65 -17.6%May 9, 2024
Mizuho SecuritiesBrett Linzey$135$112.65 -16.4%May 9, 2024
RBC CapitalDeane Dray$140$112.65 -13.3%May 9, 2024
Robert W. BairdMichael Halloran$116$112.65 -28.1%May 9, 2024
Deutsche BankNicole DeBlase$138$112.65 -14.5%May 8, 2024
BarclaysJulian Mitchell$105$113.54 -34.9%Apr 2, 2024
Mizuho SecuritiesBrett Linzey$118$94.68 -26.9%Jan 4, 2024
Morgan StanleyAnalyst unavailable$93$89.86 -42.4%Feb 7, 2023
UBSAnalyst unavailable$100$96.11 -38.0%Jan 4, 2023
CitigroupAnalyst unavailable$109$94.19 -32.5%Dec 9, 2022
Wells FargoAnalyst unavailable$95$93.75 -41.1%Nov 30, 2022
RBC CapitalAnalyst unavailable$110$93.62 -31.8%Nov 30, 2022
OppenheimerAnalyst unavailable$115$95.98 -28.7%Nov 16, 2022
Argus ResearchAnalyst unavailable$98$89.95 -39.3%Aug 16, 2022
RBC CapitalDeane Dray$102$87.5 -36.8%Aug 10, 2022
Deutsche BankAnalyst unavailable$99$87.46 -38.7%Aug 10, 2022
Credit SuisseAnalyst unavailable$106$88.06 -34.3%Aug 10, 2022
Morgan StanleyAnalyst unavailable$97$87.92 -39.9%Aug 10, 2022
Mizuho SecuritiesAnalyst unavailable$86$87.92 -46.7%Aug 10, 2022
Mizuho SecuritiesAnalyst unavailable$85$79.94 -47.3%Jul 18, 2022
Deutsche BankAnalyst unavailable$97$78.71 -39.9%Jul 13, 2022
Wells FargoAnalyst unavailable$89$79.05 -44.9%Jul 13, 2022
BarclaysAnalyst unavailable$80$80.87 -50.4%Jul 8, 2022
Wells FargoAnalyst unavailable$87$81.52 -46.1%Jun 29, 2022
Morgan StanleyJoshua Pokrzywinski$95$90.25 -41.1%Jun 7, 2022
BarclaysJulian Mitchell$87$88.4 -46.1%May 31, 2022
Wells FargoAnalyst unavailable$96$88.01 -40.5%May 9, 2022
Wells FargoJoseph O’Dea$100$90.38 -38.0%May 2, 2022
Wolfe ResearchNigel Coe$115$98.42 -28.7%Apr 3, 2022
OppenheimerChristopher Glynn$110$93.76 -31.8%Mar 16, 2022
Morgan StanleyJoshua Pokrzywinski$108$96.59 -33.1%Feb 3, 2022
BernsteinBrendan Luecke$100$94.8 -38.0%Jan 10, 2022
BarclaysJulian Mitchell$99$95.33 -38.7%Jan 4, 2022
UBSMarkus Mittermaier$116$94.08 -28.1%Nov 18, 2021
Loop Capital MarketsChris Dankert$124$93.82 -23.2%Nov 17, 2021
Berenberg BankPhil Buller$100$96.32 -38.0%Oct 7, 2021
StephensTommy Moll$120$96.32 -25.7%Oct 7, 2021
Cowen & Co.Gautam Khanna$115$103.02 -28.7%Aug 12, 2021
Bank of America SecuritiesAndrew Obin$120$99.52 -25.7%Aug 5, 2021
J.P. MorganStephen Tusa$100$93.24 -38.0%Jun 29, 2021
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Company context

Snapshot as of publication

Emerson Electric Co. is an international technology and engineering firm that delivers diverse solutions to industrial, commercial, and residential clients across the Americas, Asia, the Middle East, Africa, and Europe. The company's operations are divided into two main segments: Automation Solutions, and Commercial & Residential Solutions. Through its Automation Solutions division, Emerson provides a range of products including advanced measurement and analytical instruments, industrial valves, and sophisticated process control software and systems. This segment caters to a broad spectrum of industries such as oil and gas, refining, chemical processing, power generation, life sciences, food and beverage, automotive manufacturing, pulp and paper production, metals and mining, and municipal water utilities. The Commercial & Residential Solutions segment focuses on climate control and other essential home and business applications.…

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
  3. Polygon adjusted daily market bars · 2026-10-05T19:10:42.605751+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-05T19:10:42.602980+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-05. For educational purposes only; not investment advice.