Emerson Q2 adjusted EPS beats estimates

Emerson Electric Co

05/05/2026 21:21

Overview

Automation solutions provider's fiscal Q2 revenue grew 3% but slightly missed analyst expectations

Adjusted EPS for fiscal Q2 rose 4% and beat analyst expectations

Company says Middle East conflict impacted sales but demand remained resilient, led by Software & Systems

Outlook

Emerson sees 2026 net sales growth of ~4.5% and underlying sales growth of ~3%

Company expects 2026 adjusted EPS of $6.45-$6.55

Emerson projects 2026 free cash flow of $3.5 bln-$3.6 bln

Result Drivers

MIDDLE EAST IMPACT - Co said sales were affected by the conflict in the Middle East

RESILIENT DEMAND - Underlying orders rose 5% as co cited continued resilient demand, led by Software & Systems

SEGMENT VARIATION - Test & Measurement segment saw 12% underlying sales growth, while other segments such as Control Systems & Software and Sensors were flat or down

Company press release: ID:nPn2MqbR7a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Miss*
$4.56 bln
$4.59 bln (17 Analysts)
Q2 Adjusted EPS
Beat
$1.54
$1.53 (19 Analysts)
Q2 EPS
$1.10
Q2 Operating Cash Flow
$779 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Emerson Electric Co is $168.00, about 24% above its May 4 closing price of $135.46

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)