| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q3'26 | August 4, 2026 | 9/12 | 3 medium, 1 low flags | 1 | 0 | Call sheet → |
| Q2'26 | 2026-05-05 | 10/12 | 1 high, 2 medium, 4 low flags | 4 | 0 | Call sheet → |
| Q1'26 | February 5, 2026 | 10/12 | 2 medium, 4 low flags | 3 | 0 | Call sheet → |
| Q4'25 | 2025-11-06 | 10/12 | 2 medium, 4 low flags | 6 | 2 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q3'26 | Pending | FY26 Lifecycle Services reported revenue expected down about $100 million YoY Fiscal year not complete; guide was revised worse to ~$150 million decline this quarter, a downward revision in progress rather than a closed-out result. |
| Q3'26 | Pending | FY26 organic ARR to grow high single digits, led by cloud-native software Fiscal year not yet complete; guidance was cut to mid-single digits this quarter, a downward revision rather than a final miss. |
| Q3'26 | Pending | Full-year book-to-bill expected to remain within the normal 0.95-1.1 corridor Management said Q3 company-wide book-to-bill was within the normal corridor. The full-year period had not ended, so the annual expectation was not yet delivered. Do not substitute the Lifecycle Services segment ratio. |
| Q3'26 | Exceeded | Q3 adjusted EPS expected to be up about $0.05 sequentially, or up mid to high teens year over year Actual Q3 adjusted EPS was $3.49, up $0.19 sequentially from Q2's $3.30 and up 'more than 20%' YoY, well above the guided sequential and YoY ranges. |
| Q2'26 | Exceeded | Two points of total price for fiscal 2026 Increased to 250bp, up 50bp from original guide due to additional underlying price actions |
| Q2'26 | Delivered | Sensia dissolution to close April 1 with no significant EPS impact Closed as planned, EPS neutral as promised, $100M revenue headwind as expected |
| Q2'26 | Exceeded | Incremental margins about 40% for fiscal 2026 Now expecting above 50% for full year, well ahead of 40% target due to strong volume leverage |
| Q2'26 | Exceeded | Modest sequential margin improvement each quarter Q2 delivered 330bp sequential improvement, well above 'modest' - but now warning of H2 pressure |
| Q2'26 | Pending | High single-digit organic ARR growth for fiscal 2026 6% in Q2 vs 7% in Q1 - decelerating trend makes high single digits questionable |
| Q2'26 | Pending | Free cash flow conversion of approximately 100% for fiscal 2026 On track with strong Q2 FCF of $275M, but full year depends on working capital management in H2 |
| Q1'26 | Exceeded | Organic sales growth of 2% to 6% Q1 delivered 13% organic growth, well above range |
| Q1'26 | Pending | Sensia dissolution in first half of fiscal 2026 On track for April 1 close as promised |
| Q1'26 | Delivered | Mid-single digit automotive growth outlook Delivered mid-single digits as guided |
| Q1'26 | Delivered | High single-digit ARR growth 7% growth in Q1 is at low end but within range |
| Q1'26 | Pending | Free cash flow conversion of approximately 100% Q1 at $170M, on pace but down YoY due to incentive payments |
| Q1'26 | Pending | Full-year segment margin expansion of over 100 basis points On track with 20.7% in Q1 vs 20.4% full-year 2025 |
| Q4'25 | Missed | Gradual sequential improvement through the year on CapEx recovery Q4 commentary returned to 'muted' CapEx activity, suggesting limited improvement |
| Q4'25 | Delivered | Continue to expect the EPS impact of tariffs for fiscal '25 to be mitigated Maintained EPS neutrality on tariffs through pricing actions |
| Q4'25 | Exceeded | Free cash flow conversion of 100% in fiscal '25 Delivered 114% including $70M voluntary pension contribution |
| Q4'25 | Missed | Annual recurring revenue to grow high single digits for full year Delivered 8% which is barely high single digits, consistently below double-digit targets |
| Q4'25 | Exceeded | About $0.30 of compensation costs in Q4 Actually $0.45 impact due to outperformance driving higher incentive comp |
| Q4'25 | Exceeded | $250 million full year productivity savings target Delivered $325 million, beating target by 30% and achieving it a quarter early |
| Q4'25 | Exceeded | Segment margin to be similar to Q3 on slightly higher revenue Q4 margin of 22.5% vs Q3 21.2%, +130 bps improvement not just 'similar' |
| Q4'25 | Exceeded | Q4 sales to be up low single digits sequentially with high single-digit year-over-year growth Delivered +13% YoY growth, well above high single-digit expectation |
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