Rockwell Automation (ROK) official guidance

We expect organic annual recurring revenue to grow high single digits this year, led by cloud-native software.

For your models, CapEx for fiscal 2026 remains targeted at about 3% of sales.

For your models, CapEx for fiscal 2026 remains targeted at about 3% of sales.

Looking ahead to 2026 capital expenditures, we plan to increase investments in plant and digital infrastructure, with targeted CapEx spending of about 3% of sales.

We expect corporate and other expense, which is now part of enterprise operating profit and margin, to be around $110 million.

Corporate and other expense is expected to be about $105 million.

Corporate and other expense is expected to be around $100 million.

| Currency translation | ~ 1.5% | ~ 1.5% |

We're now assuming average diluted shares outstanding of about 112.1 million shares.

We're assuming average diluted shares outstanding of about 112.7 million shares, and we are targeting approximately $500 million of shares repurchased during the year.

We're assuming average diluted shares outstanding of about 112.7 million shares, and we are targeting approximately $500 million worth of share repurchases during the year.

| Adjusted Effective Tax Rate | ~ 19.5% |

We continue to expect an adjusted ETR of 19.5% for the full year.

| Adjusted Effective Tax Rate | ~ 19.5% |

With the tax rate coming in lower than expected in Q1, we now anticipate an ETR of about 19.5% for the full year, better than our prior guide of 20%.

| Adjusted Effective Tax Rate | ~ 19.5% |

We expect our adjusted effective tax rate this year to be 20%, reflecting the implementation of BEPS Pillar 2.

| Adjusted effective tax rate | ~ 20% |

| Adjusted EPS (2) | $13.00 - $13.30 | $12.50 - $13.10 |

We're increasing our enterprise operating margin outlook to 21.5%, up from about 20% in our prior guide, and we now expect our adjusted EPS to be about $12.80 at the midpoint.

| Adjusted EPS (2) | $12.50 - $13.10 | $11.40 - $12.20 |

We are updating our adjusted EPS guidance by raising the lower end of the range to $11.40, which increases the midpoint by $0.10 to $11.80.

| Adjusted EPS (2) | $11.40 - $12.20 | $11.20 - $12.20 |

Our adjusted EPS guidance is a range of $11.20-$12.20, or $11.70 at the midpoint.

| Adjusted EPS (1) | $11.20 - $12.20 |

We continue to expect free cash flow conversion of 100% in fiscal year 2026.

Free cash flow conversion is still expected to be approximately 100%.

We expect free cash flow conversion of 100% in fiscal year 2026.

This new guide puts incrementals above 50% for the full year.

We continue to expect our full year 2026 incremental margins to be about 40%, inclusive of tariff-based pricing.

From this growth, we expect our FY 2026 incremental margin to exceed 40%, inclusive of tariff-based pricing.

Net interest expense for fiscal 2026 is targeted up, targeted at about $120 million.

Net interest expense for fiscal 2026 is expected to be about $115 million.

Net interest expense for fiscal 2026 is expected to be about $120 million.

For the full year, we expect Intelligent Devices reported revenue to grow in the high single digits, with segment operating margin around 20%.

We expect margins in the high teens to low 20s, or 150-200 basis points higher year-over-year, driven by continued progress on productivity.

For Software & Control, reported revenue should grow in the low double digits, with segment margin in the low 30s%, up several hundred basis points year-over-year.

We expect margins in the low 30s, up slightly year-over-year, and driven by better volume and price.

We're increasing our enterprise operating margin outlook to 21.5%, up from about 20% in our prior guide, and we now expect our adjusted EPS to be about $12.80 at the midpoint.

Our segment operating margin guidance is 21.5%, more than 100 basis points higher than year-over-year.

For Lifecycle Services, we expect reported revenue to be down about $100 million year-over-year, given no second half revenue contribution from the portion of the Sensia business we have now divested, with segment operating margin flat to slightly up year-over-year as margin this segment benefits from the dissolution of Sensia.

We expect margins in the low teens, lower than last year.