What Emerson's latest 10-Q says: 9 signals
Emerson filed its latest 10-Q with the SEC on Aug 4, 2026. It discusses bookings decline, capex increase and compliance burden.
Public (EMR)Appliances, Electrical, and Electronics Manufacturing10,000+ employeesemerson.comLinkedIn
- Filed
- Aug 4, 2026
- Filings
- 3
- Signals
- 33
10-Q · latest 10
What Emerson's 10-Q filings say
- SEC EDGAR
10-Q
Filed · 9 signals
Emerson forecasts $450M in capital spending for fiscal year 2026.
Emerson has a projected capital expenditure budget of approximately $450 million for fiscal 2026, supported by an expected free cash flow of $3.6 billion.
$450M
Projected capital spending for fiscal 2026
Emerson's software margin hit by 2 percentage points due to renewal timing issues.
The timing of software renewals negatively impacted the Software & Systems adjusted EBITA margin by approximately 2 percentage points, indicating potential challenges in sales cycle management or subscription billing systems.
2%
Negative impact on Software & Systems adjusted EBITA margin from timing of software renewals
Emerson's Test & Measurement sales jump 15% on aerospace & semiconductor demand.
The Test & Measurement business posted a 15% underlying sales increase, driven by strong demand from the aerospace & defense and semiconductor industries.
$191M
Increase in Test & Measurement sales for the nine months ended June 30, 2026
15%
Underlying sales increase for Test & Measurement segment
semiconductor
Emerson's inventory increases, driving a $251M rise in operating working capital.
A significant increase in inventory is the primary driver behind a $251 million rise in operating working capital since the end of the last fiscal year.
$251M
Increase in operating working capital due to inventory increase since Sept 30, 2025
Emerson's Software & Systems unit sees 17% earnings growth, driven by acquisitions.
Following the major AspenTech acquisition, Emerson's Software & Systems segment is a key growth and investment area, with earnings up 17%.
$109M
Increase in earnings for Software & Systems segment
17%
Increase in earnings for Software & Systems segment
softwareAspenTech
Price hikes are masking sales volume declines of up to 3% in key segments.
Emerson is experiencing declining sales volumes, with the Safety & Productivity segment down 3% and Intelligent Devices down 1% for the nine-month period.
-3%
Underlying volume decline in Safety & Productivity segment
Emerson's software division sees 7% underlying sales growth in Asia, Middle East & Africa.
While overall international results were mixed with a 1% decrease in Europe, the Software & Systems segment achieved 7% underlying sales growth in Asia, Middle East & Africa, signaling a successful strategic push in the region.
7%
Underlying sales increase for Software & Systems in Asia, Middle East & Africa
Emerson actively managing "net material inflation" through pricing and cost-cutting.
The company repeatedly mentions offsetting "net material inflation" with price increases and cost reduction actions across its business segments.
New "OBBBA" tax law increased Emerson's effective tax rate by 1 percentage point.
The "One Big Beautiful Bill Act" (OBBBA) has directly impacted Emerson's finances, increasing its effective tax rate by approximately 1 percentage point in fiscal 2026.
- SEC EDGAR
10-Q
Filed · 12 signals
Entered new $2B revolving credit facility on Feb 10, 2026, replacing a $3B facility.
Emerson is actively managing its capital structure, replacing a larger credit agreement with a new $2 billion facility.
$2B
New 364-day revolving backup credit facility
Earlier 10-Q filings
- 10-QFiled · 12 signalsSEC EDGAR
Showing 10 of 33 filing signals. The Signal API returns all of them.
Get them with one API callEarnings calls
Emerson earnings headlines
From earnings call transcripts (Signal API type earnings-transcripts).
| Call date | What the company said |
|---|---|
| Secured $400M in key project wins from funnel in Q3Converted approximately $400 million from its project funnel into wins. Key projects include retrofitting a 2.1 GW power plant for CFE in Mexico with its Ovation control system, supplying critical safety valves for China Nuclear Power's new reactor, and providing NI Semiconductor Test Systems to a leading Taiwanese manufacturer to support their AI market roadmap. | |
| Q3 underlying sales grew 6%, adjusted EPS up 13% to $1.71Delivered strong Q3 results with underlying sales growth of 6%, exceeding expectations. Growth was led by Software & Systems (up 11%). Geographically, the Americas grew 8% (U.S. up 10%) and Asia, Middle East & Africa grew 8%. Europe remained soft, declining 1%, while China improved to down 3%. Growth verticals were up 27%, led by semiconductor and power. | |
| Raising full-year guidance for sales, EPS, and cash flowFollowing strong Q3 results, full-year guidance was raised. Sales growth expectations increased to 5% (3.5% underlying). The adjusted EPS guide was raised to $6.55, and the free cash flow guide was raised to approximately $3.6 billion. Adjusted segment EBITDA margin is still expected to be approximately 28%. | |
| New CTO to lead AI-enabled automation and autonomous operationsThe appointment of a new Chief Technology and AI Officer signals a significant investment and strategic focus on leading in AI-enabled automation. The new CTO, Rudy Sengupta, previously led the development of the award-winning 'Nigel AI' and will now lead the enterprise AI vision and long-term technology road map to accelerate innovation across the company. | |
| Customer capex drives 31% Ovation orders, 70% semi ordersCustomers are making unprecedented investments in power generation and semiconductors. This drove a 31% increase in orders for the Ovation power control business and a 70% increase in semiconductor-related orders. The power generation build-out is accelerating for both utility and behind-the-meter power for data centers. Test & Measurement orders overall grew 19%. | |
| Cybersecurity concerns driving critical infrastructure control system upgradesCustomers are accelerating retrofit and upgrade programs for control systems in power generation and water systems due to the need for more stringent cybersecurity. This trend is a significant driver of future business, particularly for the Ovation control system, as infrastructure operators look to harden their facilities against cyber attacks. |
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Source. Quarterly reports (Form 10-Q) filed with the SEC. Every card links to the filing on EDGAR.
Method. Insights are extracted from the filing text and grouped by category. Numbers are quoted from the filing.
Data as of .