Rockwell Automation, Inc. (ROK) Earnings
Rockwell Automation, Inc. is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $3.37. ROK has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +10.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 5, 2026 | $2.88 | $3.30 | +14.6% | $2.2B | +3.7% |
| Feb 5, 2026 | $2.47 | $2.75 | +11.3% | $2.1B | +1.1% |
| Nov 6, 2025 | $2.94 | $3.34 | +13.6% | $2.3B | +4.7% |
| Nov 7, 2024 | $2.41 | $2.47 | +2.5% | $2.0B | -1.4% |
| Jan 31, 2024 | $2.64 | $2.04 | -22.7% | $2.1B | -2.1% |
| Nov 2, 2023 | $3.49 | $3.64 | +4.3% | $2.6B | +5.3% |
| Aug 1, 2023 | $3.17 | $3.01 | -5.0% | $2.2B | -4.1% |
| Apr 27, 2023 | $2.60 | $3.01 | +15.8% | $2.3B | +8.2% |
| Jan 26, 2023 | $1.88 | $2.46 | +30.9% | $2.0B | +2.6% |
| Nov 2, 2022 | $2.97 | $3.04 | +2.4% | $2.1B | +0.1% |
| Jul 27, 2022 | $2.38 | $2.66 | +11.8% | $2.0B | -0.8% |
| May 3, 2022 | $2.27 | $1.66 | -26.9% | $1.8B | -7.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q2 FY2026 · May 5, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Rockwell delivered strong operating performance with sales, margins, and EPS above expectations. Double-digit year-over-year growth in orders, sales, and earnings led by North America. - Supported NASA's Artemis II mission, showing customers' trust in Rockwell. - Saw improvement in customer demand across various industries like e-commerce, warehouse automation, etc. Book-to-bill was slightly higher than historical average with increasing contribution from US capacity projects. - Managed cost increases from tariffs, memory, fuel and accelerated new technology release. - Discrete industries had mid-teens sales growth; automotive had strong quarter with AMR wins; e-commerce/warehouse up over 30%; semiconductor up high teens; data center sales more than double. - Hybrid segment had high single-digit sales growth led by food and beverage. - Process industries saw mid-single-digit growth; energy had mid-single-digit growth, mining partnership with BHP, new capacity win in packaging.
Guidance
Reported and organic sales growth expected in 5% to 9% range. Organic annual recurring revenue expected to grow high single digits. Enterprise operating margin outlook increased to 21.5%. Adjusted EPS midpoint $12.80. Free cash flow conversion expected 100% in fiscal year 2026. Q3 expected reported sales roughly flat sequentially, enterprise operating margin flat. Intelligent devices revenue expected high single-digit growth; software and control low double-digit growth; lifecycle services revenue down $100M year over year.
Segment performance
Intelligent devices: Organic sales up 9% year over year. Margin of 20.9% increased by 320 basis points year over year, driven by positive price cost, higher sales volume, and favorable mix. Software and control: Organic sales up 17% year over year. Margin of 34.9% was up 480 basis points versus prior year, driven by strong sales volume and positive price cost. Lifecycle Services: Organic sales down 1% versus prior year. Margin of 14.6% was flat year over year, with customers deferring some of their larger projects. Book to bill in this segment was 1.07.
Risks & headwinds
Persistent trade volatility and geopolitical uncertainty delaying large capital investments in some industries. Inflationary pressures on components, memory, transportation, and general supplier inflation. Impact of Middle East conflict pausing some near-term customer activity in lifecycle services.
Analyst Q&A
Q: Scott Davis on data center market sizing and productivity vs large scale projects.
A: Data center is low single-digit base revenue, modernizations use same products as CapEx.
Q: Andy Kaplowitz on CapEx-intensive end markets unlock.
A: Broader capital investment in some industries, but not automotive/CPG yet.
Q: Julian Mitchell on enterprise operating margin.
A: Inflationary pressures, Q2 was strong outperform, mixed shift in Q4.
Q: Chris Snyder on book-to-bill and demand.
A: Book-to-bill 0.95-1.1 range, demand positive but some uncertainty.
Q: Quinn Fredrickson on discrete back half.
A: Discrete up low double digits, comps harder in second half.
Q: Amit Mehrotra on warehouse automation and regions.
A: Broad-based warehouse growth, margin profile similar, North America strongest but EMEA/Asia-Pac growing.
Q: Andrew Buscalia on process business and software margin.
A: Process business has opportunities, software margin strong in Q2 but some inflation in second half.