Strong Revenue Growth
Revenue grew 11.9% YoY to $2.11B in Q1 FY2026 from $1.88B in Q1 FY2025, indicating a meaningful acceleration in demand for Rockwell's industrial automation and information solutions.
来源: 10-Q Income Statement, Q1 FY2026
该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
Rockwell Automation delivered a strong Q1 FY2026, with revenue rising 11.9% YoY to $2.11B and net income surging 65.8% to $305M, driven by significant margin expansion across gross, operating, and net profit lines.
营收
21.05亿美元
同比 +11.91%
每股收益（稀释）
2.69美元
同比 +67.08%
毛利率
48.3%
同比 +1.6 个百分点
营业利润
4.35亿美元
同比 +35.51%
SEC XBRL 原值
Rockwell Automation (ROK) Q1 FY2026 营收 21.05亿美元，同比增长 11.9%。 营业利润率 20.7%，较去年同期的 17.1% 扩大 3.6 个百分点。 经营活动现金流 2.34亿美元，同比下降 35.7%。 ROK 的财年 Q1 FY2026 对应日历 Q4 2025。
近 4 个季度：4 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 3.49 | 3.42 | 超预期 +2.1% |
| 2026年3月 | 3.30 | 2.92 | 超预期 +13.1% |
| 2025年12月本次财报 | 2.75 | 2.49 | 超预期 +10.5% |
| 2025年9月 | 3.34 | 2.96 | 超预期 +12.7% |
2025年12月 调整后（非 GAAP） EPS 2.75美元，分析师一致预期 2.49美元，超预期 +10.5%。 分析师一致预期按市场通行的调整后（非 GAAP）口径。本季 GAAP 稀释每股收益为 2.69美元。
由 AI 基于本次 SEC 报告整理
Revenue grew 11.9% YoY to $2.11B in Q1 FY2026 from $1.88B in Q1 FY2025, indicating a meaningful acceleration in demand for Rockwell's industrial automation and information solutions.
来源: 10-Q Income Statement, Q1 FY2026
Gross margin improved 149 basis points to 48.3% while operating margin expanded 360 basis points to 20.7%, reflecting better operating leverage and disciplined cost management as SG&A grew only 0.4% YoY despite double-digit revenue growth.
来源: 10-Q Income Statement & Key Ratios, Q1 FY2026
Net income jumped 65.8% YoY to $305M and diluted EPS rose 67.1% to $2.69, significantly outpacing revenue growth and signaling strong bottom-line leverage in the business.
来源: 10-Q Income Statement, Q1 FY2026
Despite strong earnings, operating cash flow fell 35.7% YoY to $234M from $364M, suggesting a potential build-up in working capital or timing differences in cash collections that investors should monitor.
来源: 10-Q Cash Flow Statement, Q1 FY2026
Rockwell returned $309M to shareholders in Q1 FY2026 through dividends ($156M, up 4.7% YoY) and share buybacks ($153M, up 53.0% YoY), demonstrating confidence in its financial position.
来源: 10-Q Cash Flow Statement, Q1 FY2026
由 AI 基于本次 SEC 报告整理 · 高 1 中 3 低 1
Operating cash flow declined sharply by 35.7% YoY to $234M despite a 65.8% surge in net income, creating a significant divergence between earnings and cash generation. This may indicate working capital headwinds such as rising receivables or inventory build. Sustained weakness in cash conversion could pressure future capital allocation flexibility.
来源: 10-Q Cash Flow Statement, Q1 FY2026
Long-term debt stands at $2.57B while cash and equivalents declined 5.7% YoY to $444M, resulting in a net debt position of approximately $2.13B. The current ratio of 1.16 provides only modest liquidity cushion. Rising interest rates or a revenue slowdown could strain debt servicing capacity.
来源: 10-Q Balance Sheet, Q1 FY2026
R&D expenses grew 10.3% YoY to $172M, broadly in line with revenue growth, but the industrial automation sector requires continuous innovation to maintain competitive positioning. Any reduction in R&D investment to protect margins could erode Rockwell's long-term technological edge.
来源: 10-Q Income Statement, Q1 FY2026
Share buybacks accelerated 53.0% YoY to $153M in Q1 FY2026, even as cash balances declined and operating cash flow fell sharply. Aggressive capital returns while cash generation weakens could limit financial flexibility if business conditions deteriorate.
来源: 10-Q Cash Flow Statement, Q1 FY2026
Despite strong net income growth, ROA stands at only 2.7% and ROE at 8.1%, suggesting that asset and equity bases are large relative to current earnings power. This may reflect prior acquisitions or goodwill that have yet to generate commensurate returns.
来源: 10-Q Key Ratios, Q1 FY2026
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 21.05 亿美元 | 18.81 亿美元 | +11.91% |
营业成本 亿美元 | 10.89 亿美元 | 10.03 亿美元 | +8.57% |
毛利润 亿美元 | 10.16 亿美元 | 8.78 亿美元 | +15.72% |
营业利润 亿美元 | 4.35 亿美元 | 3.21 亿美元 | +35.51% |
净利润 亿美元 | 3.05 亿美元 | 1.84 亿美元 | +65.76% |
每股收益（基本） 美元 | 2.71 美元 | 1.62 美元 | +67.28% |
每股收益（稀释） 美元 | 2.69 美元 | 1.61 美元 | +67.08% |
研发费用 亿美元 | 1.72 亿美元 | 1.56 亿美元 | +10.26% |
销售及管理费用 亿美元 | 4.78 亿美元 | 4.76 亿美元 | +0.42% |
答案基于本次 SEC 报告与本页数据
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