Analyst Consensus ?
ConsensusHold41 ratings
Bullish2253.7%
Neutral1639.0%
Bearish37.3%
Emerson Electric Co. · EMR · FY2026 Q3 · Calendar Q3 2026
Emerson raises FY2026 outlook as power and semiconductor demand accelerates
The quarter supports a constructive view of Emerson's growth trajectory: resilient demand in semiconductor and power markets, rising software ACV, and AI-enabled automation initiatives coincided with higher FY2026 guidance. The thesis remains conditional on execution, project conversion, and stabilization of China, Europe, and Middle East-related risks.
Reported After market closeNYSEIndustrials
$84.92B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.71
Consensus $1.68
EPS surprise
+1.8%
Reported versus consensus
Reported revenue
$4.87B
Consensus $4.80B
Revenue surprise
+1.4%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+2.3%
Event window
SPY move
-0.2%
Same window
Abnormal move
+2.5%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
-8.3%
Up to 20 sessions
EMRSPY benchmark
Ask FN2 about EMR FY2026 Q3
Transcript, numbers and history already loaded
Why did EMR rise 2.3% after beating EPS estimates in FY2026 Q3?What changed in EMR's guidance and outlook in FY2026 Q3?Give me the bull and bear case for EMR after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management reported stronger Q3 operating momentum, raised FY2026 sales growth guidance to 5% GAAP and adjusted EPS guidance to $6.55, and highlighted new AI-technology leadership following the NI acquisition. The company also cited an $82 million tariff refund that supported Q3 cash flow and margins.
Guidance delta
Management raised FY2026 sales growth guidance to 5% GAAP and adjusted EPS guidance to $6.55, versus the prior quarter's adjusted EPS range of $6.45-$6.55.
Key takeaways
- Q3 underlying sales increased 6%, underlying orders rose 7%, and adjusted EPS grew 13% while exceeding guidance.
- Semiconductor and power verticals delivered 53% and 37% growth, respectively; software ACV rose 9% to $1.68 billion.
- Management cited AI-enabled automation, grid modernization, LNG, and data-center-related power demand as growth drivers.
- Europe and China remain soft, while Middle East disruption, tariffs, inflation, and project timing are key risks.
Management priorities
- Deploy AI-driven automation across the portfolio under the new CTO.
- Expand Ovation and Digital Grid Management solutions into greenfield power projects through 2027-28.
- Continue software expansion with Nigel AI and increase ACV beyond 10%.
- Maintain the $2.2 billion capital-return plan through dividends and share buybacks.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$154.19Current
$86Low
$136.86Average
$186High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 22, 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 |
|---|---|---|---|---|
| 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 $154.19. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $135 | $157.72 | -12.4% | Aug 28, 2026 |
| D.A. Davidson | Analyst unavailable | $155 | $157.17 | +0.5% | Aug 24, 2026 |
| Bernstein | Varun Govindaraj | $186 | $164.05 | +20.6% | Aug 14, 2026 |
| BMO Capital | Analyst unavailable | $175 | $156.91 | +13.5% | Aug 7, 2026 |
| Robert W. Baird | Analyst unavailable | $171 | $158.88 | +10.9% | Aug 5, 2026 |
| RBC Capital | Analyst unavailable | $179 | $158.88 | +16.1% | Aug 5, 2026 |
| Bernstein | Analyst unavailable | $169 | $139.56 | +9.6% | Jul 20, 2026 |
| KeyBanc | Ken Newman | $170 | $138.88 | +10.3% | Jul 13, 2026 |
| Wolfe Research | Analyst unavailable | $167 | $138.9 | +8.3% | Jul 9, 2026 |
| D.A. Davidson | Chris Dankert | $145 | $146.52 | -6.0% | Jun 15, 2026 |
| Bernstein | Varun Govindaraj | $175 | $142.42 | +13.5% | Jun 9, 2026 |
| RBC Capital | Analyst unavailable | $169 | $145.68 | +9.6% | May 6, 2026 |
| Barclays | Analyst unavailable | $144 | $138.4 | -6.6% | May 6, 2026 |
| BMO Capital | Daniel DiCicco | $150 | $126.31 | -2.7% | Mar 26, 2026 |
| Stephens | Analyst unavailable | $155 | $157.38 | +0.5% | Feb 9, 2026 |
| Evercore ISI | Analyst unavailable | $185 | $153.02 | +20.0% | Feb 5, 2026 |
| KeyBanc | Analyst unavailable | $185 | $157.32 | +20.0% | Feb 5, 2026 |
| Deutsche Bank | Nicole Deblase | $170 | $157.32 | +10.3% | Feb 4, 2026 |
| RBC Capital | Deane Dray | $176 | $155.84 | +14.1% | Feb 4, 2026 |
| Mizuho Securities | Brett Linzey | $173 | $152.1 | +12.2% | Feb 4, 2026 |
| Robert W. Baird | Analyst unavailable | $168 | $157.54 | +9.0% | Feb 4, 2026 |
| Wells Fargo | Joseph O'Dea | $160 | $152.1 | +3.8% | Feb 4, 2026 |
| Morgan Stanley | Analyst unavailable | $125 | $144.25 | -18.9% | Jan 9, 2026 |
| Barclays | Analyst unavailable | $145 | $145.62 | -6.0% | Jan 7, 2026 |
| Wells Fargo | Joseph O'Dea | $145 | $145.62 | -6.0% | Jan 7, 2026 |
| UBS | Analyst unavailable | $168 | $135.82 | +9.0% | Jan 4, 2026 |
| Evercore ISI | Analyst unavailable | $170 | $136.64 | +10.3% | Dec 15, 2025 |
| Jefferies | Saree Boroditsky | $145 | $135.28 | -6.0% | Dec 10, 2025 |
| Wells Fargo | Joseph O'Dea | $135 | $116.15 | -12.4% | May 21, 2025 |
| Barclays | Analyst unavailable | $110 | $118.57 | -28.7% | Mar 10, 2025 |
| Wells Fargo | Joseph O'Dea | $140 | $120.68 | -9.2% | Jan 7, 2025 |
| Loop Capital Markets | Chris Dankert | $155 | $132.03 | +0.5% | Dec 2, 2024 |
| Oppenheimer | Christopher Glynn | $150 | $126.86 | -2.7% | Nov 6, 2024 |
| KeyBanc | Ken Newman | $140 | $117.27 | -9.2% | Nov 6, 2024 |
| Robert W. Baird | Michael Halloran | $125 | $117.27 | -18.9% | Nov 6, 2024 |
| Mizuho Securities | Brett Linzey | $140 | $117.27 | -9.2% | Nov 6, 2024 |
| Deutsche Bank | Nicole DeBlase | $140 | $117.67 | -9.2% | Nov 5, 2024 |
| KeyBanc | Ken Newman | $125 | $117.27 | -18.9% | Nov 5, 2024 |
| Morgan Stanley | Christopher Snyder | $105 | $99.97 | -31.9% | Sep 6, 2024 |
| Mizuho Securities | Brett Linzey | $130 | $99.54 | -15.7% | Aug 8, 2024 |
| RBC Capital | Deane Dray | $139 | $99.54 | -9.9% | Aug 8, 2024 |
| Argus Research | John Eade | $130 | $114.82 | -15.7% | May 14, 2024 |
| Loop Capital Markets | Chris Dankert | $135 | $115.88 | -12.4% | May 10, 2024 |
| Wells Fargo | Joseph O'Dea | $133 | $112.65 | -13.7% | May 9, 2024 |
| Mizuho Securities | Brett Linzey | $135 | $112.65 | -12.4% | May 9, 2024 |
| RBC Capital | Deane Dray | $140 | $112.65 | -9.2% | May 9, 2024 |
| Robert W. Baird | Michael Halloran | $116 | $112.65 | -24.8% | May 9, 2024 |
| Deutsche Bank | Nicole DeBlase | $138 | $112.65 | -10.5% | May 8, 2024 |
| Barclays | Julian Mitchell | $105 | $113.54 | -31.9% | Apr 2, 2024 |
| Mizuho Securities | Brett Linzey | $118 | $94.68 | -23.5% | Jan 4, 2024 |
| Morgan Stanley | Analyst unavailable | $93 | $89.86 | -39.7% | Feb 7, 2023 |
| UBS | Analyst unavailable | $100 | $96.11 | -35.1% | Jan 4, 2023 |
| Citigroup | Analyst unavailable | $109 | $94.19 | -29.3% | Dec 9, 2022 |
| Wells Fargo | Analyst unavailable | $95 | $93.75 | -38.4% | Nov 30, 2022 |
| RBC Capital | Analyst unavailable | $110 | $93.62 | -28.7% | Nov 30, 2022 |
| Oppenheimer | Analyst unavailable | $115 | $95.98 | -25.4% | Nov 16, 2022 |
| Argus Research | Analyst unavailable | $98 | $89.95 | -36.4% | Aug 16, 2022 |
| RBC Capital | Deane Dray | $102 | $87.5 | -33.8% | Aug 10, 2022 |
| Deutsche Bank | Analyst unavailable | $99 | $87.46 | -35.8% | Aug 10, 2022 |
| Credit Suisse | Analyst unavailable | $106 | $88.06 | -31.3% | Aug 10, 2022 |
| Morgan Stanley | Analyst unavailable | $97 | $87.92 | -37.1% | Aug 10, 2022 |
| Mizuho Securities | Analyst unavailable | $86 | $87.92 | -44.2% | Aug 10, 2022 |
| Mizuho Securities | Analyst unavailable | $85 | $79.94 | -44.9% | Jul 18, 2022 |
| Deutsche Bank | Analyst unavailable | $97 | $78.71 | -37.1% | Jul 13, 2022 |
| Wells Fargo | Analyst unavailable | $89 | $79.05 | -42.3% | Jul 13, 2022 |
| Barclays | Analyst unavailable | $80 | $80.87 | -48.1% | Jul 8, 2022 |
| Wells Fargo | Analyst unavailable | $87 | $81.52 | -43.6% | Jun 29, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $95 | $90.25 | -38.4% | Jun 7, 2022 |
| Barclays | Julian Mitchell | $87 | $88.4 | -43.6% | May 31, 2022 |
| Wells Fargo | Analyst unavailable | $96 | $88.01 | -37.7% | May 9, 2022 |
| Wells Fargo | Joseph O’Dea | $100 | $90.38 | -35.1% | May 2, 2022 |
| Wolfe Research | Nigel Coe | $115 | $98.42 | -25.4% | Apr 3, 2022 |
| Oppenheimer | Christopher Glynn | $110 | $93.76 | -28.7% | Mar 16, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $108 | $96.59 | -30.0% | Feb 3, 2022 |
| Bernstein | Brendan Luecke | $100 | $94.8 | -35.1% | Jan 10, 2022 |
| Barclays | Julian Mitchell | $99 | $95.33 | -35.8% | Jan 4, 2022 |
| UBS | Markus Mittermaier | $116 | $94.08 | -24.8% | Nov 18, 2021 |
| Loop Capital Markets | Chris Dankert | $124 | $93.82 | -19.6% | Nov 17, 2021 |
| Berenberg Bank | Phil Buller | $100 | $96.32 | -35.1% | Oct 7, 2021 |
| Stephens | Tommy Moll | $120 | $96.32 | -22.2% | Oct 7, 2021 |
| Cowen & Co. | Gautam Khanna | $115 | $103.02 | -25.4% | Aug 12, 2021 |
| Bank of America Securities | Andrew Obin | $120 | $99.52 | -22.2% | Aug 5, 2021 |
| J.P. Morgan | Stephen Tusa | $100 | $93.24 | -35.1% | Jun 29, 2021 |
Track every rating change on EMR the moment it posts. Free to start.
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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|---|---|---|---|---|
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| SUNB Sunbelt Rentals Holdings Inc | FY2027 Q1 · Calendar Q3 2026 | +19.2% | +5.9% | Sunbelt raises FY27 outlook as specialty rental demand accelerates |
| FRO Frontline Plc | FY2026 Q2 · Calendar Q3 2026 | +8.0% | +1.0% | Frontline posts a record quarter as tanker rates remain elevated |
| DCI Donaldson Company, Inc. | FY2026 Q4 · Calendar Q3 2026 | +1.8% | +2.1% | Donaldson posts record FY26 and targets further growth |
Latest beats and misses
Who reports nextBeat on EPS
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
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Sources
- Earnings call transcript and parsed analysis · 2026-08-05T14:10:09.637602+00:00
- FN2 earnings calendar · 2026-09-09T01:23:14.388487+00:00
- Polygon adjusted daily market bars · 2026-09-22T20:50:51.770098+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T20:50:51.767159+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 2026-09-22. For educational purposes only; not investment advice.