Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Amcor's fiscal year 2026 was defined by the first full year after completing its merger with Berry Global Group in April 2025. Management attributes the sharp increase in net sales primarily to that merger, which contributed approximately $7.9 billion to the top line, net of divestments. The company also benefited from synergies and cost actions, leading to higher profitability. Excluding the merger, currency, and raw material pass-through, organic sales declined about 2%, reflecting softer consumer demand and lower volumes.
Revenue
$23.51B
+56.61% YoY
EPS (Diluted)
$2.38
+48.75% YoY
Gross Margin
20.0%
+1.1 pts YoY
Operating Income
$1.9B
+88.21% YoY
Filed · Source: SEC EDGAR 10-K filing · Audit Opinion: Unqualified opinion (Source: Report of Independent Registered Public Accounting Firm)
Next AMCR earnings expected
Source: SEC XBRL
Amcor (AMCR) reported FY2026 revenue of $23.51B, up 56.6% year over year. Operating margin was 8.1%, up 1.4 points from 6.7% a year earlier. Operating cash flow was $2.15B, up 54.7% year over year.
Last 4 quarters: 2 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 1.23 | 1.22 | Beat +1.2% |
| Mar 2026 | 0.96 | 0.98 | Miss -2.0% |
| Dec 2025 | 0.86 | 0.87 | Miss -1.1% |
| Sep 2025 | 0.96 | 0.94 | Beat +2.2% |
Reported EPS of $1.23 versus the $1.22 analyst consensus — a +1.2% beat for Jun 2026.
2 reported segments · SEC XBRL
Segment revenue totals $23.51B, which is the $23.51B of consolidated revenue on the income statement.
Compiled by AI from 10-K Item 7 of this filing
The April 2025 Berry merger contributed approximately $7.9 billion to net sales, net of divestments, and was the primary driver of the 56.6% revenue increase. Management also cited synergies as boosting gross profit margin.
Source: 10-K Item 7 MD&A
Amcor targets approximately $530 million of pre-tax synergies from procurement, supply chain, and G&A savings by June 30, 2028, along with $60 million in financial synergies and $60 million in growth synergies. Total Berry Plan pre-tax cash costs are estimated at $280 million.
Source: 10-K Item 7 MD&A
The company is reviewing businesses with combined sales of $2.5 billion, including North American Beverage, for possible restructuring, partnerships, or sale. In FY2026, four businesses were sold for $298 million cash proceeds.
Source: 10-K Item 7 MD&A
Management cited softer consumer demand, customer order volatility, and cost pressures from inflation and geopolitical tensions, including the Middle East conflict, which have raised energy and raw material costs.
Source: 10-K Item 7 MD&A
In May 2026, the Board approved changing the fiscal year end from June 30 to December 31, effective for the period beginning July 1, 2026.
Source: 10-K Item 7 MD&A
Compiled by AI from 10-K Item 1A of this filing · 3 high, 2 medium, 0 low
Amcor faces challenges integrating its recently completed $10.4 billion merger with Berry Global, including potential employee attrition, management distraction, higher-than-expected costs, and the risk that anticipated synergies of $650 million may not be fully realized.
Source: 10-K Item 1A Risk Factors
The company's review of businesses with $2.5 billion in sales for possible restructuring or sale may cause disruptions, require significant resources, and may not create additional shareholder value.
Source: 10-K Item 1A Risk Factors
Amcor's profitability depends on availability and cost of raw materials like polymer resins, paper, and aluminum, which are subject to substantial fluctuations due to geopolitical conflicts, inflation, and supply chain disruptions. Higher energy prices from the Middle East conflict are already impacting costs.
Source: 10-K Item 1A Risk Factors
Demand for packaging is tied to consumer spending, and current conditions including high inflation, interest rates, and geopolitical tensions have led to softer demand and order volatility, which could negatively impact sales and margins.
Source: 10-K Item 1A Risk Factors
Increasing focus on reducing packaging waste and limiting petrochemical components may decrease demand for certain products or make parts of Amcor's portfolio obsolete, requiring timely and cost-effective innovation.
Source: 10-K Item 1A Risk Factors
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 23.51 $B | 15.01 $B | +56.61% |
Cost of Revenue $B | 18.82 $B | 12.18 $B | +54.55% |
Gross Profit $B | 4.69 $B | 2.83 $B | +65.49% |
Operating Income $B | 1.90 $B | 1.01 $B | +88.21% |
Net Income $B | 1.11 $B | 0.51 $B | +116.44% |
EPS (Basic) $ | 2.39 $ | 1.60 $ | +49.38% |
EPS (Diluted) $ | 2.38 $ | 1.60 $ | +48.75% |
R&D Expense $M | 170.00 $M | 120.00 $M | +41.67% |
SG&A Expense $B | 1.93 $B | 1.21 $B | +60.25% |
Answers draw on this SEC filing and the data on this page
AMCR delivered strong Q3 FY2026 revenue growth of 77.4% YoY to $5.91B, largely driven by its merger with Berry Global, though EPS declined 11.8% to $0.60 due to a significantly higher share count from the deal.
AMCR reported Q2 FY2026 revenue of $5.45B (+68.1% YoY), driven largely by its merger-related expansion, but EPS declined 33.3% to $0.38 as the significantly higher share count and elevated SG&A costs offset profit growth.
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