EMREmerson Electric Co.

“Emerson Electric Co. recently deployed an AI-driven optimization solution for Aramco, one of the world's leading integrated energy and chemicals companies. Emerson Electric Co.'s Aspen Hybrid Models were integrated into Aramco's existing refinery planning network to create one of the world's largest multisite optimization models and give Aramco a scalable, robust tool for global refinery planning.”

“A lot of customer interest, not only on the NI side, but certainly the capabilities we have launched on Ovation, DeltaV, as well as AspenTech. It will be a very interesting users group event where you are going to see a lot more customer input as it relates to pace of adoption for both NI and AspenTech, so we will get to learn that in a couple of weeks. We do believe that it is a differentiator for us and we are seeing a lot of activity, particularly in the Ovation business, in terms of customer dialogue and a lot of quotes around AI. I would say it is a little early for it to translate into meaningful revenue opportunities.”

“Next week, AspenTech and NI will both host user conferences where Emerson Electric Co. will showcase our latest innovations which will help customers unlock greater levels of optimization and productivity across their operations. As Contech will hold, they are optimizing with over 1,100 customers from 49 countries, including keynotes from ExxonMobil, TotalEnergies, and Exelon. And NI Connect will feature keynote addresses from prominent customers, including NVIDIA and Alstom, with over 1,600 attendees from 38 countries.”

“I want to highlight the strength of our differentiated industrial software portfolio to address concerns in the broader software market regarding AI. We are seeing healthy growth in ACV and expect to finish the year up 10% plus. Our software is based on decades of deep domain expertise and serves mission-critical applications in highly regulated industries. These applications require real-time compute and traceability of data, where being right 99.9% of the time is not good enough.”

“We have been very thoughtful on pricing and making sure that we can extract value and tiering the product suites where we can capture the value, with tiering on the higher-tier products which will have the AI functionality. Time will tell. There is certainly a lot of customer interest, but we do not have meaningful impact on revenue as we sit here today. As we progress into 2027 and beyond, I think it will be a huge differentiator for us.”

“Further, we are well positioned to benefit from embedding AI in our solutions. This represents a great opportunity for Emerson Electric Co. as we advance the journey to autonomous operations.”