Rockwell Automation reported first quarter fiscal 2026 adjusted EPS of $2.75, representing a 49% year-over-year increase, and GAAP diluted earnings per share of $2.69 versus $1.61 a year earlier. Total revenue reached $2.105 billion, up 12% year-over-year, driven by a 10% rise in organic sales and a 2% benefit from currency translation. Annual recurring revenue expanded 7% compared to the prior-year quarter, reflecting continued strength in software subscriptions and services.

Income before income taxes climbed to $342 million from $213 million in the year-ago period, lifting pre-tax margin to 16.2% from 11.3%. Total segment operating margin widened to 20.7% from 17.1%, led by higher volumes, favorable price/cost dynamics and productivity gains. The effective tax rate declined to 11.7% from 16.4% last year, boosting net income to $305 million.

The Intelligent Devices segment generated sales of $953 million, up 18% year-over-year, with operating margin rising to 17.3% from 14.9% on higher volume. Software & Control sales increased 19% to $629 million, and segment margin expanded to 31.2% from 25.1% due to subscription growth. Lifecycle Services revenue fell 4% to $523 million, while its operating margin improved to 14.1% from 12.5% through productivity and execution efficiencies.

During the quarter, the company repurchased $154 million of shares, leaving approximately $773 million available under its authorization. Operating cash flow totaled $234 million and free cash flow was $170 million. Rockwell raised its full-year adjusted EPS guidance to a range of $11.40–$12.20 (from $11.20–$12.20) and narrowed reported sales guidance to $8.80 billion, while maintaining a 3%–7% sales growth outlook and 2%–6% organic growth forecast.