Industrial / Physical Agent Pulse

• Organic sales growth (total company): 10% YoY (+10% YoY)
• Intelligent Devices organic sales growth: 10% YoY (+10% YoY)
• Software & Control organic sales growth: 18% YoY (+18% YoY)
• E-commerce & Warehouse Automation sales growth: 30% YoY (+30% YoY)
• Discrete sales growth: high teens YoY
• Semiconductor sales growth: strong double-digit YoY

“Q3 sales came in above our expectations. Reported sales were up 8% and organic sales were up 10%...E-commerce & Warehouse Automation sales were up 30% year-over-year...Semiconductor delivered another strong quarter...Data center remained a ”

• Underlying orders growth: 7% Q3 2026 (+7% YoY)
• Project funnel: $12.4 billion (+8% YoY)
• Backlog: $8.2 billion (+7% YoY)
• Software & Systems orders growth: 10%
• Ovation orders growth: 31%
• Test & Measurement orders growth: 19%

“Underlying orders grew 7% in the third quarter, with broad-based growth across all business groups, led by Software & Systems, which was up 10%... Our project funnel grew $1.2 billion to $12.4 billion, up 8% year-over-year.”

• DI orders: EUR 4.8 billion (+12% YoY)
• DI book-to-bill: 1.03
• DI automation revenue: EUR 3 billion (+6% YoY)
• DI backlog: EUR 10.2 billion
• DI revenue growth (FY2026 guidance midpoint): 7%-10%
• DI profitability: 18.5%

“DI's automation revenue was up by 6% to EUR 3 billion, led by the short-cycle factory automation business... April shows another strong growth, even above our forecast — automation globally. China industrial market is recovering.”

• Industrial Automation revenue growth (organic): +4% organic Q1 2026 (+4% YoY)
• Systems business revenue growth (organic): +16% organic Q1 2026 (+16% YoY)
• Discrete Automation growth: broad-based recovery, positive momentum
• Software ARR growth: +12% Q1 2026 (+12% YoY)

“Industrial Automation delivered growth above 4%...broad-based recovery in Discrete Automation. ARR in software was up 12%.”

• Physical AI projects converting to orders: several thousand units (Q3 pipeline now converting)
• Orders vs. initial expectations (Physical AI): exceeded initial expectations
• ROBOMACHINE Q4 orders: 43.8 billion yen
• Share buyback program: up to 50 billion yen

“The 'projects involving several thousand units' mentioned in Q3 have steadily been converting into orders...orders have exceeded our initial expectations, and we believe a portion is due to the favorable assessment of Physical AI.”

• MOTOMAN NEXT units under deployment: more than 200 units
• Semiconductor-related orders QoQ growth (4Q): approximately 1.5 times QoQ
• Semiconductor-related orders QoQ growth (3Q): 40% QoQ
• Robot shipments for semiconductor applications: expected to reach all-time high in FY2026
• MOTOMAN NEXT revenue milestone: over 1 billion yen range
• AC servo semiconductor end-market exposure: approximately 25%

“Shipments of robots for semiconductor applications are expected to reach an all-time high this fiscal year and remain extremely strong... More than 200 units of MOTOMAN NEXT are reportedly under deployment.”