Emerson Q3 FY2026: revenue up 7.0%, adjusted EPS beats, outlook raised
Emerson's fiscal third quarter beat on both the top and bottom line, and management raised its full-year outlook. Revenue of $4.87 billion rose 7.0%, gross margin widened to 54.5%, and adjusted EPS of $1.71 edged past the $1.69 consensus while excluding one-time tariff refunds. The soft spots were Europe, down 1.0%, and Final Control, where growth slowed to 4.0%.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $1.28 rose 24.0% from $1.03 a year ago, and adjusted EPS of $1.71 came in about 1.0% above the $1.69 consensus. The adjusted number excludes $0.11 of IEEPA tariff refunds, so the beat is not propped up by that one-time item — but GAAP EPS of $1.28 does include it, and without the refund GAAP EPS would have been $1.17. Adjusted segment EBITA margin, which also excludes the refund, expanded to 28.5% from 27.1%.
Revenue of $4.87 billion rose 7.0% from $4.55 billion a year ago, and underlying sales were up 6.0% once currency is stripped out. Test & Measurement was the standout at 23.0% growth, while the Americas and Asia, Middle East & Africa each grew 8.0% and Europe fell 1.0%. Underlying orders rose 7.0%, a forward-looking signal that demand is still coming in.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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