“We are not looking for macro improvement as long as macro is not taking away from that. You should expect us to look at that 8 percent to 12 percent range, and we will be consistent on that as we look at next year as well.”

In context

“Sanjiv Lamba (Chief Executive Officer): Thanks, David. Our EPS algorithm lays out that between management actions and capital allocation combined, we should be delivering 8 percent to 12 percent. We are not looking for macro improvement as long as macro is not taking away from that. You should expect us to look at that 8 percent to 12 percent range, and we will be consistent on that as we look at next year as well. Obviously, any tailwinds we get will be factored straight in and you will see that improvement come through at the EPS line. This is very early to talk about 2027; later in the year and early next year our guidance will be more clear. We will be doing a lot of planning work to have a good handle on how the business will play out.”