Rockwell Automation CEO Blake Moret says the company’s mining process equipment and technology sales were down “mid-single digits” in the June quarter, “reflecting measured capital deployment across the industry and some project timing delays, specifically in Latin America”.
“With that said, customers continue to invest in productivity, autonomy and digital transformation as demand for critical minerals continues to grow,” he told analysts after New York Stock Exchange-listed Rockwell reported an 8% year-on-year rise in group sales to US$2.313 billion in what was the third quarter of its fiscal year.
The company has upped its full-year FY26 revenue guidance to circa-$9 billion from $8.9 billion previously, with yoy growth at 7.5-9.5%.
Net income was $408 million in Q3 2026 versus $295 million for Q3 last year.
In terms of segment contributions, process equipment/tech made up 40% of Rockwell’s revenues last year with hybrid at 35% and discrete 25%. Breaking the process 40% down further, energy sales accounted for c15%; 10% went into mining/metals; 5% chemicals; 5% water/wastewater; and 5% pulp/paper.
Rockwell said energy sales showed a high single-digit rise in Q3 2026, mining was down mid-single digits and chemicals was up low-teens. Its full-year outlook has energy up high single-digits, mining flat and chemicals up mid-single-digits.
Rockwell said it sold $1.1 billion of intelligent devices in Q3, $751 million of software and control systems, and $482 million of lifecycle services.
