[EMR] Emerson: Q4 Fiscal 2026 Earnings Test the Software Renewal Rebound

Emerson (EMR) is an industrial automation company that supplies control valves, instruments, distributed control systems, industrial software and test and measurement equipment to power, LNG, chemical and semiconductor customers[1]. Ahead of Emerson's Q4 fiscal 2026 earnings, the Drillr earnings calendar shows the company reporting before the US market opens on 2026-11-04, covering the Fourth quarter of fiscal 2026 (three months ended September 30, 2026) and full fiscal year 2026[2]. The latest disclosed quarter is the third quarter of fiscal 2026: net sales were $4.873 billion, up 7%, underlying sales rose 6%, underlying orders rose 7%, the adjusted segment EBITA margin was 28.5%, up 140 basis points, adjusted EPS was $1.71, up 13%, and free cash flow was $1.323 billion, up 36%[3]. On August 4, management guided fourth-quarter net sales growth of about 5%, an adjusted segment EBITA margin of 28.5% and adjusted EPS of about $1.85, and it raised full-year adjusted EPS guidance to $6.55 while setting full-year free cash flow guidance at about $3.6 billion[4]. Analyst consensus compiled by Drillr on October 23 stands at $5.109 billion of fourth-quarter revenue (13 analysts, range $5.039 billion to $5.189 billion) and EPS of $1.85 (14 analysts, range $1.82 to $1.86), essentially matching company guidance[5]. Starting in the fourth quarter, Emerson has switched to mark-to-market accounting for pensions, so actuarial gains and losses will hit GAAP earnings once a year in the fourth quarter; the company estimates this year's adjustment as a pretax gain of less than $5 million and excludes it from adjusted EPS[6].

Three things matter most in these results. The first is whether Software & Systems delivers 10% underlying growth in the fourth quarter: the segment grew 11% in the third quarter, but mainly because test and measurement grew 23%, while control systems and software, which includes AspenTech, grew only 7%; management says the software renewal timing that held back revenue in the first half will reverse in the fourth quarter, and whether that reversal happens will show up directly in control systems and software growth and in segment margin[3][4]. The second is whether Intelligent Devices can keep growing despite the Middle East conflict and soft demand in Europe and China: it grew 5% in the third quarter and expanded margin by 240 basis points, yet full-year guidance is only 2%, Middle East customers are still operating at about 75% of capacity, and final investment decisions on large LNG and petrochemical projects are still being delayed[4]. The third is whether margins and cash flow hold up once one-off items fall away: the third quarter included $82 million of tariff refunds in gross profit and some tax payments shifted from the third quarter into the fourth, so the full-year free cash flow guidance of about $3.6 billion requires roughly $980 million in the fourth quarter, which tests how much of this year's margin improvement can last[7][4].

Company Background and Business Structure

Emerson has used two large acquisitions over the past few years to shift its center of gravity toward automation and industrial software. The company completed the acquisition of National Instruments (NI) at an equity value of $8.2 billion on October 11, 2023, and on March 12, 2025 it bought all remaining AspenTech shares it did not already own for about $7.2 billion[1]. At September 30, 2025, Emerson had about 120 manufacturing locations worldwide, about 35 of them in the United States and the other roughly 85 mainly in Europe and Asia[1].

From fiscal 2026, Emerson reports three segments, and Intelligent Devices is the largest. Software & Systems combines control systems and software, which provides DeltaV distributed control systems, Ovation power control systems, safety instrumented systems and AspenTech asset optimization software, with test and measurement, which provides software-connected automated test and measurement systems[1]; the segment generated $4.600 billion of revenue in the first nine months of fiscal 2026[7]. Intelligent Devices combines Sensors (instrument brands such as Rosemount and Micro Motion) and Final Control (control valve, actuator and regulator brands such as Fisher)[1], and its nine-month revenue of $7.580 billion was about 55% of the group; Safety & Productivity now also includes the electrical equipment and materials joining businesses from the former Discrete Automation segment and generated $1.601 billion over the same period[7].

Emerson's sales model and revenue recognition give each segment a different revenue rhythm. Each segment sells mainly through direct sales forces, while also using independent sales representatives and distributors[1]. Most contract balances come from two kinds of arrangements: projects where revenue is recognized over time and customers pay on a contractual billing schedule, and term software licenses where license revenue is recognized upfront on delivery[8], which is why the timing of AspenTech renewals can swing quarterly revenue noticeably. The Middle East is a regional exposure that cannot be ignored: on the second-quarter call, management said Emerson has a business of about $1.2 billion there, about 7% of sales[9].

Financial History and Current Position

The fiscal 2025 annual figures show Emerson lifting profitability sharply on modest revenue growth. Fiscal 2025 gross profit was $9.519 billion and cost of sales was $8.497 billion, so revenue of about $18.016 billion rose about 3% from fiscal 2024; gross margin rose 2.0 percentage points to 52.8%, and pretax earnings from continuing operations were $2.934 billion, up 45%[10]. Under the segment structure in place at the time, Software and Control revenue was $5.691 billion, up 5%, with an adjusted EBITA margin of 31.0%, up 4.0 percentage points, while Intelligent Devices revenue was about $12.4 billion, up 2%, with an adjusted EBITA margin of 25.9%[10].

Fiscal 2025 cash flow comfortably covered capital spending, but the balance sheet took on clearly more leverage because of the AspenTech transaction. Operating cash flow was $3.676 billion, capital expenditures were $431 million and free cash flow was $3.245 billion, all above fiscal 2024's $3.317 billion, $419 million and $2.898 billion[8]. At September 30, 2025, total debt had risen to $13.116 billion from $7.687 billion a year earlier, including about $4.2 billion of commercial paper, and the company said it would use part of its cash flow to reduce net debt[8]. Order backlog at the same date was $8.6 billion, about 75% of which was expected to convert to revenue within 12 months[8].

Through the first three quarters of fiscal 2026, Emerson's reported revenue grew steadily, but all of its underlying growth came from price. First-quarter net sales were $4.346 billion, up 4%, with underlying sales up 2%, adjusted EPS of $1.46 and free cash flow of $602 million[11]; second-quarter net sales were $4.562 billion, up 3%, with underlying sales up only 0.5%, adjusted EPS of $1.54 and free cash flow of $694 million[12]; third-quarter net sales were $4.873 billion, with underlying growth recovering to 6%[3]. Nine-month net sales were $13.781 billion, up 5%, and underlying sales rose 3%, with price contributing about 3 percentage points while software renewal timing and the Middle East conflict cut volume by about 1.5 percentage points; US underlying sales rose 8% while international sales fell 1%[7].

Profit and capital allocation in fiscal 2026 are constrained at the same time by higher interest costs and the buyback plan. Net interest expense for the first nine months was $258 million, $113 million higher than a year earlier because of borrowings for the AspenTech deal[7]. Third-quarter GAAP EPS was $1.28, up 24%, and operating cash flow was $1.425 billion, up 34%[3]. At June 30, 2026, backlog of unsatisfied performance obligations was about $9.6 billion, up from $8.6 billion at September 30, 2025[7]. Management plans to return about $2.2 billion to shareholders in fiscal 2026 through about $1.2 billion of dividends and about $1 billion of share repurchases, and $898 million of repurchases had been completed by the end of the third quarter[4].

Operating Model

Emerson's revenue breaks into three lines that move at different speeds. Intelligent Devices ships control valves and instruments in line with project progress and maintenance demand; in Software & Systems, control system projects are recognized as work is performed, AspenTech term licenses are recognized upfront on delivery, and test equipment follows the capital spending of electronics and semiconductor customers; Safety & Productivity mainly sells tools and electrical equipment[1][8]. Orders convert to revenue through backlog, and about 75% of the roughly $9.6 billion backlog at June 30, 2026 is expected to be recognized within 12 months, so changes in orders usually reach revenue two to four quarters later[7]. In the first nine months of fiscal 2026, reported growth of 5% exceeded underlying growth of 3% by about 2 percentage points, and all 3 points of underlying growth came from price[7].

Margin is set by price less cost, volume leverage, software mix and cost reduction, and software mix has the most direct effect. In the third quarter, adjusted segment EBITA margins were 31.8% for Software & Systems, 27.9% for Intelligent Devices and 21.2% for Safety & Productivity, with control systems and software reaching 32.6%[3]; because software renewal revenue carries almost no incremental cost, swings in renewal revenue fall almost entirely to segment profit. The nine-month gross margin improvement came mainly from price less net material inflation and from $82 million ($0.11 per share) of tariff refunds, while software renewal timing worked in the opposite direction[7]; the company also expects fiscal 2026 restructuring and related costs of about $185 million, of which $141 million was incurred in the first nine months[7].

The cash model links profit, working capital and capital spending to shareholder returns. Operating cash flow roughly equals profit plus non-cash charges such as amortization, plus or minus changes in project progress billings, inventory and receivables, less cash taxes and interest; fiscal 2025 capital expenditures of $431 million were about 2.4% of revenue[8]. Free cash flow in the first three quarters of fiscal 2026 was $602 million, $694 million and $1.323 billion, for a total of $2.619 billion[11][12][3], and that cash has to fund dividends, buybacks and the reduction of debt that rose after the AspenTech acquisition[8][4].

Industry and Competitive Position

Emerson competes in a process automation market that is fragmented by product line, with no single rival covering its full portfolio. The 10-K says no single company competes directly with Emerson across all of its product lines, that the number of competitors varies by product line, and that competition turns on product performance, quality, branding, service and price; management believes Emerson holds a market leadership position in many of its product lines[1]. What sets Emerson apart is that it owns field instruments, control valves, distributed control systems and asset optimization software at once, so a process plant can source measurement, actuation, control and optimization from the same supplier[1].

Current demand is being driven by a handful of growth verticals while traditional regional markets remain weak. In the third quarter, what management calls its growth verticals delivered 27% underlying growth combined, led by semiconductors at 53% and power at 37%, and 80% of third-quarter order wins came from those verticals[4]; lead times for Ovation power control systems now extend into the second half of 2027 and early 2028[4]. By contrast, third-quarter sales fell 3% year over year in China and 1% in Europe[4]. Emerson's disclosures do not provide competitors' financial data, so the leadership position described above is management's characterization and has not been verified against peer figures.

Core Debates

After software renewal timing held back Software & Systems in the first half, can the segment deliver the 10% fourth-quarter growth Emerson has guided?

This debate matters because Software & Systems is Emerson's highest-margin segment and the clearest measure of its transformation. The segment generated $4.600 billion of revenue in the first nine months of fiscal 2026, about one-third of group revenue[7], and its third-quarter adjusted EBITA margin was 31.8%[3]. Management has guided 10% underlying growth for Software & Systems in the fourth quarter, with both control systems and software and test and measurement growing 10%, and it has maintained guidance for full-year ACV (annual contract value of software) growth above 10%[4].

The evidence so far shows that third-quarter acceleration came mainly from test and measurement, while control systems and software was still held back by renewal timing. Software & Systems underlying revenue rose 11% and orders rose 10% in the third quarter, but test and measurement grew 23% while control systems and software grew only 7%; segment margin was 30 basis points lower than a year earlier, with about 150 basis points of drag from software renewals and part of the rest from a higher mix of lower-margin projects[4]. ACV ended the second quarter at $1.64 billion, up 9% year over year[9], and Ovation orders rose 74% in the first quarter[13]. A competing reading is equally plausible: full-year guidance for control systems and software is only 3.5%, which is still only mid-single-digit growth even after removing the roughly 3-point renewal headwind[4], and the strong growth in test and measurement partly rests on a low base after it grew only 2% in fiscal 2025[10].

The financial transmission runs from customer capacity expansion all the way to group margin. Capacity additions by power, LNG and semiconductor customers bring DeltaV and Ovation project orders and test equipment shipments, and if AspenTech renewals return to normal timing in the fourth quarter, Software & Systems underlying revenue rises[4]; because the segment's margin is above the group average, a larger revenue share lifts the group's adjusted segment EBITA margin[3]. What remains unresolved is whether fourth-quarter growth comes mainly from a timing effect such as the renewal reversal or from a sustained acceleration in control system demand itself.

The things to watch are whether fourth-quarter Software & Systems underlying growth is at least 10%, whether control systems and software rises from 7% in the third quarter to 10%, whether test and measurement can stay above 10% after growing 23%, and whether full-year ACV growth exceeds 10%[4]. If control systems and software again grows only about 7%, the renewal reversal management described did not happen; if test and measurement growth drops sharply, semiconductor test demand may have peaked, and either outcome would weaken the case that this segment is carrying the group.

Power and LNG project orders are strong, but the Middle East conflict and weakness in Europe and China persist. Can Emerson's process-industry devices keep growing in the fourth quarter?

This debate matters because Intelligent Devices is Emerson's largest business and its steadiest source of cash. Its revenue in the first nine months of fiscal 2026 was $7.580 billion, about 55% of the group[7]. Third-quarter underlying growth was 5% and the adjusted EBITA margin rose to 27.9% from 25.5% a year earlier, an expansion of 240 basis points that management said beat expectations, yet full-year underlying growth guidance is only 2%[3][4].

The evidence shows project demand is growing, but regional headwinds have not faded. In the third quarter, Sensors grew 7% and Final Control grew 3%[3], with power, LNG, midstream gas and chemicals driving growth; the project funnel rose $1.2 billion sequentially to $12.4 billion, up 8% year over year, and Emerson won about $400 million of orders from the funnel in the third quarter, matching the second-quarter conversion pace[4]. On the other side, the Middle East conflict created a revenue headwind of about $25 million in the third quarter; field service is back to pre-conflict levels, but customer operating capacity remains at about 75%[4]. In the second quarter the conflict cut underlying sales by about 1 percentage point, and the closure of the Strait of Hormuz caused significant logistics disruption[9]. A competing reading is that part of the third quarter's 5% was catch-up after Middle East shutdowns in the second quarter, and that full-year guidance of 2% implies no acceleration in the fourth quarter.

The financial transmission runs from the project funnel through orders and backlog to shipments. Power plant upgrades and LNG project progress convert the $12.4 billion project funnel into orders at a pace of about $400 million a quarter[4]; those orders enter a backlog of about $9.6 billion, about 75% of which is recognized within 12 months, and then become control valve and instrument shipments and Intelligent Devices underlying revenue[7]. Low Middle East customer utilization and disrupted logistics reduce shipments directly, and management guided a fourth-quarter headwind of about $25 million, similar to the third quarter[4]. What remains unresolved is when the delayed final investment decisions on large LNG and petrochemical projects will come, and management said there is no clear timeline[4].

The things to watch are whether fourth-quarter Intelligent Devices underlying growth is at least 2%, whether the Middle East headwind stays around $25 million, whether backlog stays above $9.6 billion, and whether the segment's adjusted EBITA margin holds above 27.5%. If the Middle East conflict widens or Strait of Hormuz logistics stay disrupted so that the headwind exceeds $25 million a quarter, or if large LNG and petrochemical projects keep slipping so that the funnel fails to convert at about $400 million a quarter, the growth case for this business would weaken.

Tariff refunds and deferred tax payments helped the third quarter. Without those one-offs, can fourth-quarter margins and cash flow still meet guidance?

This debate matters because Emerson's fiscal 2026 profit improvement rests on price and cost reduction rather than volume growth. All 3 points of underlying growth in the first nine months came from price[7], and in fiscal 2025 price contributed 2.5 percentage points at Software and Control[10]. Both margin and cash flow beat expectations in the third quarter, but they included $82 million of tariff refunds and a shift of tax payments from the third quarter into the fourth[4]; fourth-quarter guidance calls for a 28.5% margin, and full-year free cash flow guidance of about $3.6 billion less the $2.619 billion generated in the first three quarters implies fourth-quarter free cash flow of about $980 million[4][3].

The evidence shows third-quarter profit was clearly better than a year earlier, but the comparison base is not low. The third-quarter adjusted segment EBITA margin was 28.5%, up 140 basis points from 27.1% a year earlier, adjusted EPS was $1.71, up 13%, and free cash flow was $1.323 billion, up 36%[3]. In the year-earlier quarter, the fourth quarter of fiscal 2025, net sales were $4.855 billion and adjusted EPS was $1.62, while GAAP EPS restated under the new pension accounting method was $1.07[6]; free cash flow in that quarter was about $843 million, derived by subtracting the first three quarters' $694 million, $738 million and $970 million from the full-year $3.245 billion[8][11][12][3]. A competing reading is that one-off items inflated third-quarter margin and cash flow; if the fourth-quarter margin falls back to the full-year average of about 28% and free cash flow drops below the prior-year quarter because of catch-up tax payments, the improvement is smaller than the third quarter suggested.

The financial transmission runs from price and cost all the way to shareholder returns. Price increases less material and tariff costs, plus savings from restructuring, set the adjusted segment EBITA margin and in turn adjusted EPS[7]; profit plus or minus working capital, less cash taxes (including the taxes deferred from the third quarter) and capital spending, becomes fourth-quarter free cash flow, which then funds completion of the roughly $1 billion full-year buyback plan and about $1.2 billion of dividends, with $898 million of repurchases done by the end of the third quarter[4]. What remains unresolved is how much of the price-cost margin improvement survives once one-off items such as the tariff refunds are removed.

The things to watch are whether the fourth-quarter adjusted segment EBITA margin is at least 28.5%, whether adjusted EPS is at least $1.85, whether full-year free cash flow reaches about $3.6 billion[4], and whether the pension mark-to-market adjustment affects GAAP earnings by less than $5 million, as the company has said[6]. If margin falls below 28%, the third-quarter improvement depended on one-off items; if free cash flow falls below the prior-year quarter, the buyback plan may not be completed as planned.

Risks and Falsifiers

The first risk is that debt rose after the AspenTech acquisition, so a demand slowdown could force a trade-off between buybacks and deleveraging. Total debt at September 30, 2025 was $13.116 billion, including about $4.2 billion of commercial paper[8], and net interest expense for the first nine months of fiscal 2026 was $258 million, $113 million higher than a year earlier[7]; the exposed lines are interest expense, free cash flow and capital returns. Full-year free cash flow of at least $3.6 billion, together with completion of about $1 billion of buybacks and about $1.2 billion of dividends[4], would falsify this concern.

The second risk is that weakness in Europe and China persists and US growth cannot keep offsetting the drag from international markets. US underlying sales rose 8% in the first nine months of fiscal 2026 while international sales fell 1%[7], and in the third quarter China fell 3% and Europe 1%[4]; the exposed line is group underlying revenue growth. A return to positive international underlying sales in the fourth quarter, with China's decline narrowing to around zero, would falsify this concern.

The third risk is that AspenTech renewals slip again or renew at weaker prices, causing both control systems and software revenue and segment margin to miss. Control systems and software generated $1.199 billion of revenue in the third quarter[7]; at that scale, each percentage point of missed fourth-quarter growth removes about $12 million of revenue, and renewal revenue falls almost entirely to profit, with renewals dragging segment margin by about 150 basis points in the third quarter[4]. Fourth-quarter control systems and software underlying growth of at least 10%, with full-year ACV growth of at least 10%, would falsify this concern.

The fourth risk is that the Middle East conflict keeps customer utilization stuck at about 75% and continues to delay investment decisions on large LNG and petrochemical projects. Emerson has a Middle East business of about $1.2 billion, about 7% of sales, and the conflict cut second-quarter underlying sales by about 1 percentage point[9], while the third-quarter headwind was about $25 million[4]; the exposed lines are Intelligent Devices shipments and orders. A fourth-quarter Middle East headwind of no more than $25 million, together with management confirming a final investment decision on at least one large LNG project, would falsify this concern.

The fifth risk is that the third quarter's tariff refunds and deferred tax payments will not repeat in the fourth quarter, and catch-up tax payments will depress fourth-quarter cash flow. The $82 million ($0.11 per share) of tariff refunds was booked in third-quarter gross profit[7], and full-year free cash flow guidance of about $3.6 billion implies about $980 million in the fourth quarter[4]; the exposed lines are gross margin and fourth-quarter free cash flow. Fourth-quarter free cash flow of at least $981 million and full-year free cash flow of at least $3.6 billion would falsify this concern.

What to Watch Next

• Software & Systems acceleration: third-quarter segment growth was 11%, with control systems and software at 7% and test and measurement at 23%, and ACV ended the second quarter at $1.64 billion, up 9%. At least 10% growth for the segment and both sub-segments, with full-year ACV growth above 10%, would confirm the renewal reversal; control systems and software stuck near 7% would falsify it.
• Intelligent Devices growth: third-quarter growth was 5% with a 27.9% margin, a Middle East headwind of about $25 million and backlog of about $9.6 billion. Growth of at least 2%, margin of at least 27.5% and backlog above $9.6 billion would confirm the case; a headwind above $25 million or slower funnel conversion would falsify it.
• Margin and cash delivery: the third-quarter margin was 28.5% and adjusted EPS was $1.71, against prior-year fourth-quarter adjusted EPS of $1.62 and free cash flow of about $843 million. A margin of at least 28.5%, adjusted EPS of at least $1.85 and full-year free cash flow of about $3.6 billion would confirm durability; a margin below 28% or free cash flow below the prior-year quarter would falsify it.
• Capital allocation: $898 million of buybacks were complete at the end of the third quarter, and total debt was $13.116 billion at September 30, 2025. Completing about $1 billion of buybacks and about $1.2 billion of dividends would confirm the plan.

Conclusion

Emerson's results are shaped by three forces: high-margin software and control systems in Software & Systems, project conversion in Intelligent Devices, and group-level price-cost and cost reduction. Revenue in the first nine months of fiscal 2026 was $13.781 billion, up 5%, but all 3 points of underlying growth came from price[7]; the third-quarter adjusted segment EBITA margin rose to 28.5% and free cash flow reached $1.323 billion[3], while the balance sheet still carried $13.116 billion of total debt at September 30, 2025[8]. The central unresolved relationship is whether the software renewal reversal and project funnel conversion can, after the Middle East headwind and the one-off items are accounted for, support both 10% fourth-quarter growth in Software & Systems and the 28.5% margin guidance[4].

Between the third-quarter release on August 4, 2026 and October 26, 2026, Drillr's news and research search found only share-price moves, 13F holding changes and analyst notes without supporting argument, and no independent assessment that made a substantive case about Emerson's operations, so outside interpretation is a coverage gap for this period. The only available reference points are the company's own guidance and the quarterly figures laid out above, which makes the fourth-quarter report itself the main evidence for testing the three debates.

If fourth-quarter control systems and software growth returns to 10%, Intelligent Devices grows at least 2% with the Middle East headwind holding around $25 million, and the adjusted segment EBITA margin is at least 28.5% with full-year free cash flow reaching about $3.6 billion, the current understanding would be materially strengthened. Conversely, if control systems and software stays around 7%, the Middle East headwind widens or large LNG projects keep slipping, and margin falls below 28% with free cash flow below the prior-year quarter's roughly $843 million, the third-quarter improvement would look more like the product of timing and one-off factors.

Sources

[1] EMR FY2025 10-K filed 2025-11-10 · 2025-11-10 · 10-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000032604&type=10-K&dateb=&owner=include&count=40

[2] EMR earnings calendar updated 2026-10-25 · 2026-10-25 · Drillr earnings calendar

[3] EMR Q3 FY2026 8-K filed 2026-08-04 · 2026-08-04 · 8-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000032604&type=8-K&dateb=&owner=include&count=40

[4] EMR Q3 FY2026 earnings call 2026-08-04 · 2026-08-04 · earnings-call · https://gateway.drillr.ai/mcp/private

[5] Drillr analyst estimates EMR Q4 FY2026 retrieved 2026-10-23 · 2026-10-23 · Drillr analyst estimates · https://gateway.drillr.ai/mcp/private

[6] EMR 8-K pension mark-to-market recast filed 2026-10-13 · 2026-10-13 · 8-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000032604&type=8-K&dateb=&owner=include&count=40

[7] EMR Q3 FY2026 10-Q filed 2026-08-04 · 2026-08-04 · 10-Q · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000032604&type=10-Q&dateb=&owner=include&count=40

[8] EMR FY2025 10-K liquidity and backlog filed 2025-11-10 · 2025-11-10 · 10-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000032604&type=10-K&dateb=&owner=include&count=40

[9] EMR Q2 FY2026 earnings call 2026-05-05 · 2026-05-05 · earnings-call · https://gateway.drillr.ai/mcp/private

[10] EMR FY2025 10-K MD&A segment results filed 2025-11-10 · 2025-11-10 · 10-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000032604&type=10-K&dateb=&owner=include&count=40

[11] EMR Q1 FY2026 8-K filed 2026-02-03 · 2026-02-03 · 8-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000032604&type=8-K&dateb=&owner=include&count=40

[12] EMR Q2 FY2026 8-K filed 2026-05-05 · 2026-05-05 · 8-K · https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000032604&type=8-K&dateb=&owner=include&count=40

[13] EMR Q1 FY2026 earnings call 2026-02-03 · 2026-02-03 · earnings-call · https://gateway.drillr.ai/mcp/private