{"id":19051,"date":"2026-05-06T08:50:49","date_gmt":"2026-05-06T05:20:49","guid":{"rendered":"https:\/\/fajr.news\/?p=19051"},"modified":"2026-05-06T08:50:49","modified_gmt":"2026-05-06T05:20:49","slug":"emerson-2026-ikinci-ceyrek-sunumu-orta-dogudaki-zorluklara-ragmen-eps-beklentileri-asti","status":"publish","type":"post","link":"https:\/\/fajr.news\/?p=19051&lang=tr","title":{"rendered":"Emerson 2026 \u0130kinci \u00c7eyrek Sunumu: Orta Do\u011fu’daki Zorluklara Ra\u011fmen EPS Beklentileri A\u015ft\u0131"},"content":{"rendered":"

Emerson 2026 \u0130kinci \u00c7eyrek Sunumu: Orta Do\u011fu’daki Zorluklara Ra\u011fmen EPS Beklentileri A\u015ft\u0131<\/h1>\n

End\u00fcstriyel otomasyon devi Emerson Electric Company (NYSE:EMR)<\/strong>, 5 May\u0131s 2026 tarihinde a\u00e7\u0131klad\u0131\u011f\u0131 ikinci \u00e7eyrek sonu\u00e7lar\u0131yla piyasalar\u0131 \u015fa\u015f\u0131rtt\u0131. \u015eirketin d\u00fczeltilmi\u015f hisse ba\u015f\u0131na kazanc\u0131 (EPS) analist beklentilerini a\u015farken, gelir hedeflerin gerisinde kald\u0131. Bu karma\u015f\u0131k tabloya ra\u011fmen, \u015firket hisseleri piyasa sonras\u0131 i\u015flemlerde %2,16 de\u011fer kazanarak 137,55 dolara y\u00fckseldi. Bu durum, jeopolitik gerilimler ve yaz\u0131l\u0131m s\u00f6zle\u015fmesi dinamiklerinden kaynaklanan k\u0131sa vadeli zorluklara ra\u011fmen yat\u0131r\u0131mc\u0131lar\u0131n \u015firketin stratejik konumlanmas\u0131na olan g\u00fcvenini yans\u0131tt\u0131.<\/p>\n

Finansal Performans\u0131n Detaylar\u0131<\/h2>\n

Emerson, d\u00fczeltilmi\u015f hisse ba\u015f\u0131na kazanc\u0131 1,54 dolar olarak a\u00e7\u0131klayarak 1,53 dolarl\u0131k tahmini geride b\u0131rakt\u0131. Ancak, 4,56 milyar dolarl\u0131k gelir, 4,60 milyar dolarl\u0131k beklentinin alt\u0131nda kald\u0131. Bu performans, d\u0131\u015f fakt\u00f6rlerin \u00fcst d\u00fczey b\u00fcy\u00fcmeyi k\u0131s\u0131tlamas\u0131na ra\u011fmen Emerson’\u0131n operasyonel m\u00fckemmellik sayesinde karl\u0131l\u0131\u011f\u0131n\u0131 s\u00fcrd\u00fcrme yetene\u011fini ortaya koydu.<\/p>\n

\u015eirketin sunumunda belirtildi\u011fi \u00fczere, temel sat\u0131\u015f b\u00fcy\u00fcmesi y\u0131ll\u0131k bazda %0,5 ile beklentilerin alt\u0131nda kald\u0131. Bu d\u00fc\u015f\u00fc\u015fte, Orta Do\u011fu’daki \u00e7at\u0131\u015fmalar\u0131n %1’lik ve yaz\u0131l\u0131m s\u00f6zle\u015fmesi yenileme dinamiklerinin %2’lik olumsuz etkisi \u00f6nemli rol oynad\u0131. D\u00fczeltilmi\u015f segment EBITA marj\u0131 %27,6’ya ula\u015farak bir \u00f6nceki y\u0131la g\u00f6re 40 baz puan d\u00fc\u015f\u00fc\u015f g\u00f6sterse de, uygun segment ve co\u011frafi kar\u0131\u015f\u0131m sayesinde \u015firket i\u00e7i beklentileri a\u015ft\u0131.<\/p>\n

Emerson, b\u00fcy\u00fcme dikeylerinde \u00f6zellikle g\u00fc\u00e7l\u00fc bir performans sergiledi. Enerji, Ya\u015fam Bilimleri ve LNG sekt\u00f6rlerindeki g\u00fc\u00e7l\u00fc talep sayesinde bu alanlarda y\u0131ll\u0131k %22’lik bir b\u00fcy\u00fcme kaydedildi. Temel sipari\u015f b\u00fcy\u00fcmesi ise %5 ile art arda be\u015finci \u00e7eyrekte orta tek haneli veya daha iyi bir geni\u015fleme g\u00f6stererek makroekonomik zorluklara ra\u011fmen s\u00fcrd\u00fcr\u00fclebilir ivmeyi i\u015faret etti.<\/p>\n

\u015eirketin birikmi\u015f i\u015f hacmi 8,2 milyar dolara ula\u015farak y\u0131ll\u0131k bazda %9 artt\u0131. Y\u0131ll\u0131k S\u00f6zle\u015fme De\u011feri (ACV) ise %9 b\u00fcy\u00fcyerek 1,64 milyar dolara y\u00fckseldi ve \u015firketi 2026’da \u00e7ift haneli bir geni\u015fleme i\u00e7in konumland\u0131rd\u0131. Serbest nakit ak\u0131\u015f\u0131 694 milyon dolar olarak ger\u00e7ekle\u015fti ve %15,2’lik bir marj\u0131 temsil etti. Y\u00fcksek faiz giderleri ve i\u015fletme sermayesi zamanlamas\u0131 nedeniyle bir \u00f6nceki y\u0131la g\u00f6re %6 d\u00fc\u015f\u00fc\u015f ya\u015fansa da, y\u00f6netim t\u00fcm y\u0131l i\u00e7in yakla\u015f\u0131k %10 b\u00fcy\u00fcme ve %18’i a\u015fan marj beklentisini korudu.<\/p>\n

Co\u011frafi ve Jeopolitik Zorluklar<\/h2>\n

B\u00f6lgesel performanslarda belirgin farkl\u0131l\u0131klar g\u00f6zlendi: Amerika k\u0131tas\u0131 %5 (ABD %9) b\u00fcy\u00fcrken, Avrupa %4 ve Asya, Orta Do\u011fu & Afrika %5 d\u00fc\u015f\u00fc\u015f kaydetti. Kuzey Amerika ve Hindistan’daki g\u00fc\u00e7l\u00fc performans, Avrupa’daki s\u00fcregelen zay\u0131fl\u0131\u011f\u0131 ve \u00c7in’deki h\u0131zlanan d\u00fc\u015f\u00fc\u015f\u00fc (%9 y\u0131ll\u0131k d\u00fc\u015f\u00fc\u015f) k\u0131smen dengeledi.<\/p>\n

Orta Do\u011fu’daki geli\u015fmeler<\/strong> \u00f6nemli bir engel te\u015fkil etti. Emerson’\u0131n 2025’te 1,2 milyar dolarl\u0131k sat\u0131\u015f hacmi, 8,5 milyar dolarl\u0131k kurulu taban\u0131 ve 1.400 \u00e7al\u0131\u015fan\u0131 ile \u00f6nemli bir varl\u0131\u011fa sahip oldu\u011fu bu b\u00f6lgedeki operasyonlar etkilendi. \u015eirket sunumunda operasyonel zorluklar ve g\u00f6r\u00fcn\u00fcm detayland\u0131r\u0131ld\u0131:<\/p>\n

    \n
  • Mart ay\u0131ndaki \u00fcretim aksakl\u0131klar\u0131.<\/li>\n
  • Saha servis m\u00fchendislerinin \u00e7at\u0131\u015fma \u00f6ncesi seviyelerin %50’sinden daha az kapasiteyle \u00e7al\u0131\u015fmas\u0131.<\/li>\n
  • H\u00fcrm\u00fcz Bo\u011faz\u0131’n\u0131n kapanmas\u0131yla hava ve kara lojisti\u011finde ya\u015fanan aksakl\u0131klar.<\/li>\n<\/ul>\n

    K\u0131rk yedi m\u00fc\u015fteri sahas\u0131 etkilense de, \u015firket \u00e7eyrek sonunda m\u00fc\u015fteri sahalar\u0131n\u0131n yakla\u015f\u0131k %75 kapasiteyle \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131 ve saha servis m\u00fchendislerinin \u00e7at\u0131\u015fma \u00f6ncesi seviyelerin %80’ine geri d\u00f6nd\u00fc\u011f\u00fcn\u00fc belirtti. Y\u00f6netim, operasyonlar normalle\u015ftik\u00e7e yakla\u015f\u0131k 100 milyon dolarl\u0131k bir yeniden in\u015fa ve yeniden ba\u015flatma f\u0131rsat\u0131 oldu\u011funu tahmin ediyor.<\/p>\n

    Segment Performans Analizi<\/h2>\n

    \u015eirketin \u00fc\u00e7 i\u015f segmenti farkl\u0131 sonu\u00e7lar elde etti. Yaz\u0131l\u0131m ve Sistemler ile G\u00fcvenlik ve Verimlilik b\u00fcy\u00fcme kaydederken, Ak\u0131ll\u0131 Cihazlar hafif bir d\u00fc\u015f\u00fc\u015f ya\u015fad\u0131.<\/p>\n

      \n
    • Yaz\u0131l\u0131m ve Sistemler:<\/strong> 1,5 milyar dolarl\u0131k sat\u0131\u015fla %1 temel b\u00fcy\u00fcme kaydetti, bu \u015eubat ay\u0131ndaki yakla\u015f\u0131k sabit performans beklentisinin alt\u0131ndayd\u0131. Segment %29,2 d\u00fczeltilmi\u015f EBITA marj\u0131 elde etti. \u00d6zellikle Test ve \u00d6l\u00e7\u00fcm alan\u0131nda %12’lik temel b\u00fcy\u00fcme ile g\u00fc\u00e7l\u00fc bir performans sergilendi. Enerji, Ya\u015fam Bilimleri, Havac\u0131l\u0131k ve Savunma ile Yar\u0131 \u0130letken gibi b\u00fcy\u00fcme dikeyleri ivmeyi desteklerken, segment d\u00fc\u015f\u00fck yaz\u0131l\u0131m yenilemelerinden kaynaklanan %4,5’lik bir temel b\u00fcy\u00fcme etkisiyle kar\u015f\u0131la\u015ft\u0131. ACV y\u0131ll\u0131k bazda %9 geni\u015fleyerek segmenti y\u0131l\u0131n ikinci yar\u0131s\u0131nda h\u0131zlanan bir b\u00fcy\u00fcme i\u00e7in konumland\u0131rd\u0131.<\/li>\n
    • Ak\u0131ll\u0131 Cihazlar:<\/strong> 2,5 milyar dolarl\u0131k sat\u0131\u015fla \u015firketin en b\u00fcy\u00fck segmenti olan bu alan, \u015eubat ay\u0131ndaki %2-3 b\u00fcy\u00fcme beklentisine kar\u015f\u0131n %1’lik temel d\u00fc\u015f\u00fc\u015f g\u00f6sterdi. %27,9 d\u00fczeltilmi\u015f EBITA marj\u0131, Kuzey Amerika’daki s\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcmenin Avrupa ve \u00c7in’deki zay\u0131fl\u0131kla dengelenmesini yans\u0131tt\u0131. Orta Do\u011fu’daki \u00e7at\u0131\u015fmalar\u0131n %2’lik olumsuz etkisi de hissedildi. Enerji ve LNG uygulamalar\u0131ndaki g\u00fc\u00e7l\u00fc performans b\u00f6lgesel zorluklar\u0131 k\u0131smen telafi etti.<\/li>\n
    • G\u00fcvenlik ve Verimlilik:<\/strong> 547 milyon dolarl\u0131k sat\u0131\u015fla %2 temel b\u00fcy\u00fcme kaydetti ve %1-2’lik rehber aral\u0131\u011f\u0131n\u0131 kar\u015f\u0131lad\u0131. Segmentin %21,7 d\u00fczeltilmi\u015f EBITA marj\u0131, elektrikli \u00fcr\u00fcnlerdeki ivmeden ve Kuzey Amerika’daki proje faaliyetlerinden faydaland\u0131. Ancak, Avrupa’daki s\u00fcregelen zay\u0131fl\u0131k ve istikrara kavu\u015fan otomotiv pazarlar\u0131 sonu\u00e7lar\u0131 dengeledi.<\/li>\n<\/ul>\n

      Karl\u0131l\u0131k ve Marj Performans\u0131<\/h2>\n

      Gelir zorluklar\u0131na ra\u011fmen Emerson, %27,6’l\u0131k d\u00fczeltilmi\u015f segment EBITA marj\u0131 ile g\u00fc\u00e7l\u00fc bir marj y\u00f6netimi sergiledi ve beklentileri a\u015ft\u0131. \u015eirket sunumu, bu \u00fcst\u00fcn performans\u0131 uygun segment ve co\u011frafi kar\u0131\u015f\u0131ma, fiyat-maliyet dinamiklerine ve enflasyonu geride b\u0131rakan maliyet azaltma giri\u015fimlerine ba\u011flad\u0131. Ancak, yaz\u0131l\u0131m s\u00f6zle\u015fmesi yenileme dinamikleri marjlar \u00fczerinde 90 baz puanl\u0131k bir engel olu\u015fturdu.<\/p>\n

      Revize Edilmi\u015f Rehberlik ve Stratejik G\u00f6r\u00fcn\u00fcm<\/h2>\n

      Y\u00f6netim, geli\u015fen operasyonel ortam\u0131 yans\u0131tmak \u00fczere 2026 tam y\u0131l rehberli\u011fini g\u00fcncelledi. Orta Do\u011fu’daki \u00e7at\u0131\u015fmalar\u0131n etkisiyle temel sat\u0131\u015f b\u00fcy\u00fcme beklentileri \u00f6nceki %4’ten yakla\u015f\u0131k %3’e d\u00fc\u015f\u00fcr\u00fcld\u00fc. A\u00e7\u0131klanan bazda ise \u015firket, %1,5’lik olumlu d\u00f6viz kuru etkisiyle yakla\u015f\u0131k %4,5’lik sat\u0131\u015f b\u00fcy\u00fcmesi bekliyor.<\/p>\n

      T\u00fcm y\u0131l i\u00e7in Emerson, sat\u0131\u015f b\u00fcy\u00fcmesindeki d\u00fc\u015f\u00fc\u015fe ra\u011fmen \u00f6nceki aral\u0131\u011f\u0131 koruyarak 6,45-6,55 dolar aras\u0131nda d\u00fczeltilmi\u015f hisse ba\u015f\u0131na kazan\u00e7 bekliyor. Bu, marj geni\u015flemesi ve operasyonel y\u00fcr\u00fctmeye olan g\u00fcveni g\u00f6steriyor. \u015eirket, yakla\u015f\u0131k %28 d\u00fczeltilmi\u015f segment EBITA marj\u0131 ve %18’i a\u015fan marjla 3,5-3,6 milyar dolar serbest nakit ak\u0131\u015f\u0131 \u00f6ng\u00f6r\u00fcyor.<\/p>\n

      \u00dc\u00e7\u00fcnc\u00fc \u00e7eyrek rehberli\u011fi, yaz\u0131l\u0131m yenileme dinamiklerinin normalle\u015fmesi ve Orta Do\u011fu operasyonlar\u0131n\u0131n kademeli olarak toparlanmas\u0131yla ikinci \u00e7eyrekteki %0,5’ten h\u0131zlanarak yakla\u015f\u0131k %5 temel sat\u0131\u015f b\u00fcy\u00fcmesi \u00f6ng\u00f6r\u00fcyor. D\u00fczeltilmi\u015f hisse ba\u015f\u0131na kazanc\u0131n 1,65-1,70 dolar aral\u0131\u011f\u0131nda, d\u00fczeltilmi\u015f segment EBITA marj\u0131n\u0131n ise yakla\u015f\u0131k %28 olmas\u0131 bekleniyor.<\/p>\n

      Sermaye Tahsisi ve Hissedar Getirileri<\/h2>\n

      Emerson, 2026’da hissedarlar\u0131na yakla\u015f\u0131k 2,2 milyar dolar iade etme taahh\u00fcd\u00fcn\u00fc yineledi. Bu, yakla\u015f\u0131k 1,2 milyar dolarl\u0131k temett\u00fc (y\u00fczde 5’lik art\u0131\u015f dahil) ve yakla\u015f\u0131k 1 milyar dolarl\u0131k hisse geri al\u0131m\u0131ndan olu\u015fuyor. Bu sermaye tahsisi stratejisi, y\u00f6netimin nakit yaratma yeteneklerine olan g\u00fcvenini ve dengeli sermaye da\u011f\u0131t\u0131m\u0131na olan ba\u011fl\u0131l\u0131\u011f\u0131n\u0131 yans\u0131t\u0131yor.<\/p>\n

      Liderlik ve Y\u00f6netim<\/h2>\n

      \u015eirket, Apple’\u0131n K\u0131demli Ba\u015fkan Yard\u0131mc\u0131s\u0131 ve Genel Hukuk M\u00fc\u015faviri Jennifer Newstead’in 3 A\u011fustos 2026 tarihinden itibaren Emerson Y\u00f6netim Kurulu’na kat\u0131laca\u011f\u0131n\u0131 duyurdu. Bu kat\u0131l\u0131m, y\u00f6netim kurulunu 11 \u00fcyeye \u00e7\u0131karacak. Bayan Newstead, \u00dccretlendirme Komitesi ile Kurumsal Y\u00f6netim ve Aday G\u00f6sterme Komitesi’nde g\u00f6rev alacak ve kurumsal y\u00f6netim, k\u00fcresel i\u015f, teknoloji, inovasyon ve siber g\u00fcvenlik alanlar\u0131ndaki uzmanl\u0131\u011f\u0131n\u0131 Emerson’\u0131n dijital d\u00f6n\u00fc\u015f\u00fcm ve yaz\u0131l\u0131m geni\u015flemesi stratejik \u00f6ncelikleriyle uyumlu bir \u015fekilde sunacak.<\/p>\n

      CEO Lal Karsanbhai, \u015firketin stratejik konumlanmas\u0131n\u0131 vurgulayarak, “Yapay zeka ve dijital d\u00f6n\u00fc\u015f\u00fcme yapt\u0131\u011f\u0131m\u0131z stratejik yat\u0131r\u0131mlar meyvelerini veriyor ve bizi s\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcme i\u00e7in konumland\u0131r\u0131yor,” dedi. Karsanbhai ayr\u0131ca, \u015firketin inovasyon odakl\u0131 yakla\u015f\u0131m\u0131 sayesinde jeopolitik zorluklar\u0131n \u00fcstesinden gelmedeki direncini de vurgulad\u0131.<\/p>\n

      \u015eirketin yaz\u0131l\u0131m inovasyonu ve yapay zeka yeteneklerine odaklanmas\u0131, onu y\u00fcksek de\u011ferli dikeylerde s\u00fcrd\u00fcr\u00fclebilir b\u00fcy\u00fcme i\u00e7in konumland\u0131r\u0131yor. AspenTech ve NI i\u00e7in d\u00fczenlenecek gelecek kullan\u0131c\u0131 konferanslar\u0131n\u0131n, \u015firketin end\u00fcstriyel otomasyon ve s\u00fcre\u00e7 optimizasyonundaki rekabet avantaj\u0131n\u0131 g\u00fc\u00e7lendiren yenilik\u00e7i teknolojileri sergilemesi bekleniyor.<\/p>\n

      #Emerson #FinansalSonu\u00e7lar #End\u00fcstriyelOtomasyon #HisseBa\u015f\u0131naKazan\u00e7 #OrtaDo\u011fuEtkisi #Yaz\u0131l\u0131mSistemleri #Ak\u0131ll\u0131Cihazlar #SermayePiyasalar\u0131 #DijitalD\u00f6n\u00fc\u015f\u00fcm #Yat\u0131r\u0131mc\u0131\u0130li\u015fkileri<\/p>\n","protected":false},"excerpt":{"rendered":"

      Emerson 2026 \u0130kinci \u00c7eyrek Sunumu: Orta Do\u011fu’daki Zorluklara Ra\u011fmen EPS Beklentileri A\u015ft\u0131 End\u00fcstriyel otomasyon devi Emerson Electric Company (NYSE:EMR), 5 May\u0131s 2026 tarihinde a\u00e7\u0131klad\u0131\u011f\u0131 ikinci \u00e7eyrek sonu\u00e7lar\u0131yla piyasalar\u0131 \u015fa\u015f\u0131rtt\u0131. \u015eirketin d\u00fczeltilmi\u015f hisse ba\u015f\u0131na kazanc\u0131 (EPS) analist beklentilerini a\u015farken, gelir hedeflerin gerisinde kald\u0131. Bu karma\u015f\u0131k tabloya ra\u011fmen, \u015firket hisseleri piyasa sonras\u0131 i\u015flemlerde %2,16 de\u011fer kazanarak 137,55 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-19051","post","type-post","status-publish","format-standard","hentry","category-orta-dogu-haberleri"],"_links":{"self":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts\/19051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19051"}],"version-history":[{"count":0,"href":"https:\/\/fajr.news\/index.php?rest_route=\/wp\/v2\/posts\/19051\/revisions"}],"wp:attachment":[{"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fajr.news\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}