“For the full year 2026, we anticipate sales of $38.8 to $39.8 billion, up 3% to 6% organically.”

In context

“ice stranded costs in 2025 through productivity and fixed cost reduction in the rest of the business. Finally, continuing investments in R&D and technology will be a modest headwind in 2026. As Vimal noted, our team is making significant commercial R&D investment to maintain its leadership position in quantum computing. With that as the backdrop, let's move to slide 11 to go through the details of our full-year 2026 guidance. Before we get into the specifics, I want to point out that our 2026 guidance includes a full-year outlook for aerospace, productivity solutions and services, and warehouse and workflow solutions. And does not incorporate the pending acquisition of Johnson and Marty's Catalyst Technologies business. We intend to update our outlook when these transactions are complete. For the full year 2026, we anticipate sales of $38.8 to $39.8 billion, up 3% to 6% organically. We expect growth to be led by Aerospace on higher commercial demand and increased defense budgets, and building automation driven by new product innovations. This will be partially offset by a slower start to the year in process automation technology, which turns to growth in the second half driven by order visibility and significantly easier comps, and mixed regional and end market dynamics in industrial automation. Segment margins are expected to be up 20 to 60 basis points to 22.7% to 23.1% as the benefits from price execution and productivity actions more than offset cost inflation and a roughly 30 basis points headwind from increased investments in Quanti. Industrial automation will lead for the year driven by targeted fixed cost takeout followed by building automation as higher volu”