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.
Earnings scorecard
Reported versus consensusMarket reaction
prior-close to event-session closeAsk FN2 about EMR FY2025 Q4
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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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Analyst 52W Price Targets
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.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| TD Cowen | Hold | Hold | Maintain | Sep 25, 2026 |
| Morgan Stanley | Underweight | Underweight | Maintain | Aug 28, 2026 |
| DA Davidson | Neutral | Neutral | Maintain | Aug 24, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Aug 14, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Aug 5, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 5, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 5, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Jul 17, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | May 7, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | May 6, 2026 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Feb 9, 2026 |
| Deutsche Bank | Hold | Buy | Downgrade | Feb 5, 2026 |
| Oppenheimer | Perform | Outperform | Downgrade | Jan 27, 2026 |
| UBS | Buy | Neutral | Upgrade | Jan 5, 2026 |
| Jefferies | Hold | Buy | Downgrade | Dec 10, 2025 |
| B of A Securities | Buy | Buy | Maintain | Jul 2, 2025 |
| Keybanc | Overweight | Overweight | Maintain | Jul 1, 2025 |
| Baird | Neutral | Neutral | Maintain | May 8, 2025 |
| Loop Capital | Buy | Buy | Maintain | Dec 2, 2024 |
| Mizuho | Buy | Buy | Maintain | May 9, 2024 |
| Berenberg | Buy | Buy | Maintain | Mar 6, 2024 |
| Vertical Research | Buy | Hold | Upgrade | Sep 15, 2023 |
| Argus Research | Buy | Hold | Upgrade | Aug 28, 2023 |
| HSBC | Buy | Hold | Upgrade | Jun 15, 2023 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Apr 18, 2023 |
| Cowen & Co. | Outperform | Outperform | Maintain | Feb 21, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Aug 10, 2022 |
| Goldman Sachs | Buy | Neutral | Upgrade | Jan 19, 2021 |
| Argus | Hold | Buy | Downgrade | Aug 13, 2019 |
| Bank of America | Buy | Buy | Maintain | Oct 4, 2018 |
| Stifel Nicolaus | Buy | Buy | Maintain | May 3, 2018 |
| Stifel | Buy | Buy | Maintain | May 3, 2018 |
| JMP Securities | Market Perform | Market Outperform | Downgrade | Feb 1, 2018 |
| Buckingham Research | Underperform | Neutral | Downgrade | Aug 19, 2016 |
| CLSA | Underperform | Sell | Maintain | Aug 3, 2016 |
| Standpoint Research | Hold | Buy | Downgrade | Feb 29, 2016 |
| Societe Generale | Hold | Buy | Downgrade | Nov 5, 2015 |
| Atlantic Equities | Neutral | Overweight | Downgrade | Feb 9, 2015 |
| Nomura | Buy | Buy | Maintain | Feb 3, 2015 |
| Canaccord Genuity | Hold | Hold | Maintain | Mar 27, 2013 |
| Ladenburg Thalmann | Hold | Buy | Downgrade | Feb 6, 2013 |
| Macquarie | Neutral | Outperform | Downgrade | Oct 1, 2012 |
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.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Stephen Tusa | $177 | $156.08 | +9.7% | Sep 24, 2026 |
| Morgan Stanley | Analyst unavailable | $135 | $157.72 | -16.4% | Aug 28, 2026 |
| D.A. Davidson | Analyst unavailable | $155 | $157.17 | -4.0% | Aug 24, 2026 |
| Bernstein | Varun Govindaraj | $186 | $164.05 | +15.2% | Aug 14, 2026 |
| BMO Capital | Analyst unavailable | $175 | $156.91 | +8.4% | Aug 7, 2026 |
| Robert W. Baird | Analyst unavailable | $171 | $158.88 | +5.9% | Aug 5, 2026 |
| RBC Capital | Analyst unavailable | $179 | $158.88 | +10.9% | Aug 5, 2026 |
| Bernstein | Analyst unavailable | $169 | $139.56 | +4.7% | Jul 20, 2026 |
| KeyBanc | Ken Newman | $170 | $138.88 | +5.3% | Jul 13, 2026 |
| Wolfe Research | Analyst unavailable | $167 | $138.9 | +3.5% | Jul 9, 2026 |
| D.A. Davidson | Chris Dankert | $145 | $146.52 | -10.2% | Jun 15, 2026 |
| Bernstein | Varun Govindaraj | $175 | $142.42 | +8.4% | Jun 9, 2026 |
| RBC Capital | Analyst unavailable | $169 | $145.68 | +4.7% | May 6, 2026 |
| Barclays | Analyst unavailable | $144 | $138.4 | -10.8% | May 6, 2026 |
| BMO Capital | Daniel DiCicco | $150 | $126.31 | -7.1% | Mar 26, 2026 |
| Stephens | Analyst unavailable | $155 | $157.38 | -4.0% | Feb 9, 2026 |
| Evercore ISI | Analyst unavailable | $185 | $153.02 | +14.6% | Feb 5, 2026 |
| KeyBanc | Analyst unavailable | $185 | $157.32 | +14.6% | Feb 5, 2026 |
| Deutsche Bank | Nicole Deblase | $170 | $157.32 | +5.3% | Feb 4, 2026 |
| RBC Capital | Deane Dray | $176 | $155.84 | +9.0% | Feb 4, 2026 |
| Mizuho Securities | Brett Linzey | $173 | $152.1 | +7.2% | Feb 4, 2026 |
| Robert W. Baird | Analyst unavailable | $168 | $157.54 | +4.1% | Feb 4, 2026 |
| Wells Fargo | Joseph O'Dea | $160 | $152.1 | -0.9% | Feb 4, 2026 |
| Morgan Stanley | Analyst unavailable | $125 | $144.25 | -22.6% | Jan 9, 2026 |
| Barclays | Analyst unavailable | $145 | $145.62 | -10.2% | Jan 7, 2026 |
| Wells Fargo | Joseph O'Dea | $145 | $145.62 | -10.2% | Jan 7, 2026 |
| UBS | Analyst unavailable | $168 | $135.82 | +4.1% | Jan 4, 2026 |
| Evercore ISI | Analyst unavailable | $170 | $136.64 | +5.3% | Dec 15, 2025 |
| Jefferies | Saree Boroditsky | $145 | $135.28 | -10.2% | Dec 10, 2025 |
| Wells Fargo | Joseph O'Dea | $135 | $116.15 | -16.4% | May 21, 2025 |
| Barclays | Analyst unavailable | $110 | $118.57 | -31.8% | Mar 10, 2025 |
| Wells Fargo | Joseph O'Dea | $140 | $120.68 | -13.3% | Jan 7, 2025 |
| Loop Capital Markets | Chris Dankert | $155 | $132.03 | -4.0% | Dec 2, 2024 |
| Oppenheimer | Christopher Glynn | $150 | $126.86 | -7.1% | Nov 6, 2024 |
| KeyBanc | Ken Newman | $140 | $117.27 | -13.3% | Nov 6, 2024 |
| Robert W. Baird | Michael Halloran | $125 | $117.27 | -22.6% | Nov 6, 2024 |
| Mizuho Securities | Brett Linzey | $140 | $117.27 | -13.3% | Nov 6, 2024 |
| Deutsche Bank | Nicole DeBlase | $140 | $117.67 | -13.3% | Nov 5, 2024 |
| KeyBanc | Ken Newman | $125 | $117.27 | -22.6% | Nov 5, 2024 |
| Morgan Stanley | Christopher Snyder | $105 | $99.97 | -34.9% | Sep 6, 2024 |
| Mizuho Securities | Brett Linzey | $130 | $99.54 | -19.5% | Aug 8, 2024 |
| RBC Capital | Deane Dray | $139 | $99.54 | -13.9% | Aug 8, 2024 |
| Argus Research | John Eade | $130 | $114.82 | -19.5% | May 14, 2024 |
| Loop Capital Markets | Chris Dankert | $135 | $115.88 | -16.4% | May 10, 2024 |
| Wells Fargo | Joseph O'Dea | $133 | $112.65 | -17.6% | May 9, 2024 |
| Mizuho Securities | Brett Linzey | $135 | $112.65 | -16.4% | May 9, 2024 |
| RBC Capital | Deane Dray | $140 | $112.65 | -13.3% | May 9, 2024 |
| Robert W. Baird | Michael Halloran | $116 | $112.65 | -28.1% | May 9, 2024 |
| Deutsche Bank | Nicole DeBlase | $138 | $112.65 | -14.5% | May 8, 2024 |
| Barclays | Julian Mitchell | $105 | $113.54 | -34.9% | Apr 2, 2024 |
| Mizuho Securities | Brett Linzey | $118 | $94.68 | -26.9% | Jan 4, 2024 |
| Morgan Stanley | Analyst unavailable | $93 | $89.86 | -42.4% | Feb 7, 2023 |
| UBS | Analyst unavailable | $100 | $96.11 | -38.0% | Jan 4, 2023 |
| Citigroup | Analyst unavailable | $109 | $94.19 | -32.5% | Dec 9, 2022 |
| Wells Fargo | Analyst unavailable | $95 | $93.75 | -41.1% | Nov 30, 2022 |
| RBC Capital | Analyst unavailable | $110 | $93.62 | -31.8% | Nov 30, 2022 |
| Oppenheimer | Analyst unavailable | $115 | $95.98 | -28.7% | Nov 16, 2022 |
| Argus Research | Analyst unavailable | $98 | $89.95 | -39.3% | Aug 16, 2022 |
| RBC Capital | Deane Dray | $102 | $87.5 | -36.8% | Aug 10, 2022 |
| Deutsche Bank | Analyst unavailable | $99 | $87.46 | -38.7% | Aug 10, 2022 |
| Credit Suisse | Analyst unavailable | $106 | $88.06 | -34.3% | Aug 10, 2022 |
| Morgan Stanley | Analyst unavailable | $97 | $87.92 | -39.9% | Aug 10, 2022 |
| Mizuho Securities | Analyst unavailable | $86 | $87.92 | -46.7% | Aug 10, 2022 |
| Mizuho Securities | Analyst unavailable | $85 | $79.94 | -47.3% | Jul 18, 2022 |
| Deutsche Bank | Analyst unavailable | $97 | $78.71 | -39.9% | Jul 13, 2022 |
| Wells Fargo | Analyst unavailable | $89 | $79.05 | -44.9% | Jul 13, 2022 |
| Barclays | Analyst unavailable | $80 | $80.87 | -50.4% | Jul 8, 2022 |
| Wells Fargo | Analyst unavailable | $87 | $81.52 | -46.1% | Jun 29, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $95 | $90.25 | -41.1% | Jun 7, 2022 |
| Barclays | Julian Mitchell | $87 | $88.4 | -46.1% | May 31, 2022 |
| Wells Fargo | Analyst unavailable | $96 | $88.01 | -40.5% | May 9, 2022 |
| Wells Fargo | Joseph O’Dea | $100 | $90.38 | -38.0% | May 2, 2022 |
| Wolfe Research | Nigel Coe | $115 | $98.42 | -28.7% | Apr 3, 2022 |
| Oppenheimer | Christopher Glynn | $110 | $93.76 | -31.8% | Mar 16, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $108 | $96.59 | -33.1% | Feb 3, 2022 |
| Bernstein | Brendan Luecke | $100 | $94.8 | -38.0% | Jan 10, 2022 |
| Barclays | Julian Mitchell | $99 | $95.33 | -38.7% | Jan 4, 2022 |
| UBS | Markus Mittermaier | $116 | $94.08 | -28.1% | Nov 18, 2021 |
| Loop Capital Markets | Chris Dankert | $124 | $93.82 | -23.2% | Nov 17, 2021 |
| Berenberg Bank | Phil Buller | $100 | $96.32 | -38.0% | Oct 7, 2021 |
| Stephens | Tommy Moll | $120 | $96.32 | -25.7% | Oct 7, 2021 |
| Cowen & Co. | Gautam Khanna | $115 | $103.02 | -28.7% | Aug 12, 2021 |
| Bank of America Securities | Andrew Obin | $120 | $99.52 | -25.7% | Aug 5, 2021 |
| J.P. Morgan | Stephen Tusa | $100 | $93.24 | -38.0% | Jun 29, 2021 |
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Start freeCompany context
Snapshot as of publicationEmerson 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
All EMR earningsIndustrials peers this season
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-05T19:10:42.605751+00:00
- 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.