Rockwell Automation (ROK) Q4 2026 earnings summary

Executive summary

• FY26 reported and organic sales grew 8%; core sales rose 9%, adjusted EPS increased 27% to $13.42, and enterprise operating margin reached 22.2%.

• Q4 reported sales rose 1% and organic sales 3%; adjusted EPS increased 16% to $3.88. Tariff refund activity reduced reported and organic sales growth by 4 percentage points.

• FY27 guidance targets 6%–9% organic sales growth, ~23% enterprise operating margin, and adjusted EPS of $14.50–$15.50.

Financial highlights

• Q4 sales were $2.332B; enterprise operating profit was $572M, and enterprise operating margin expanded 320 bps to 24.5%.

• FY26 sales were $8.989B; enterprise operating profit was $1.997B, and enterprise operating margin rose 330 bps to 22.2%.

• Q4 adjusted EPS was $3.88, up 16%; FY26 adjusted EPS was $13.42, up 27% and $1.72 above the initial guide midpoint, including a $0.11 tariff-refund benefit.

• FY26 operating cash flow was $1.958B and free cash flow was $1.701B; Q4 free cash flow was $602M, up $197M YoY.

• Q4 price-cost was positive, and organic incremental margins excluding tariff refunds were in the high 30s.

Outlook and guidance

• FY27 reported sales growth guidance is 4.5%–7.5%; organic growth is 6%–9%, including a ~1 percentage point benefit from the customer tariff refund program.

• FY27 enterprise operating margin guidance is 23%; adjusted EPS is $14.50–$15.50, with a $15 midpoint, up ~12% YoY.

• FY27 organic ARR growth is expected at ~7%, free cash flow conversion at ~100%, and adjusted effective tax rate at ~20%.

• Q1 FY27 organic sales are expected up mid-single digits YoY, with mid-30s organic incrementals and adjusted EPS around $3.00; seasonal sequential declines in sales and margins are expected.

• FY27 segment outlook includes mid-single-digit Intelligent Devices growth with ~100 bps margin expansion, high-single-digit Software & Control growth, and low-single-digit Lifecycle Services organic growth with ~100 bps margin expansion.