Amcor

AMCR Q1 2026 Earnings

Reported Nov 5, 2025 at 4:20 PM ET · SEC Source

Q1 26 EPS

$0.19

BEAT +5.23%

Est. $0.18

Q1 26 Revenue

$5.75B

MISS 0.13%

Est. $5.75B

vs S&P Since Q1 26

-14.3%

TRAILING MARKET

AMCR -6.8% vs S&P +7.5%

Market Reaction

Did AMCR Beat Earnings? Q1 2026 Results

Amcor delivered a confident first quarter as the newly enlarged packaging giant, posting adjusted EPS of $0.19 against a consensus estimate of $0.18, a 5.23% beat, while revenue of $5.75 billion came in essentially in line with expectations despite a… Read more Amcor delivered a confident first quarter as the newly enlarged packaging giant, posting adjusted EPS of $0.19 against a consensus estimate of $0.18, a 5.23% beat, while revenue of $5.75 billion came in essentially in line with expectations despite a negligible 0.13% miss and reflected a 71.3% year-over-year surge driven by the April 2025 closing of its all-stock Berry Global acquisition. The transformational deal, executed at a fixed ratio of 7.25 Amcor shares per Berry share, contributed approximately $2.40 billion of acquired net sales and positioned the company as the global leader in consumer packaging. Integration momentum proved to be the quarter's defining story, with $38.00 million in synergies realized, at the upper end of guidance, lifting adjusted EBIT margins 110 basis points to 12.0%. The board also raised its quarterly dividend to $0.13 per share, signaling confidence in the combined company's cash generation. Management reaffirmed fiscal 2026 guidance for adjusted EPS of $0.80 to $0.83 and free cash flow of $1.80 to $1.90 billion, with synergies alone expected to drive more than 30% EPS growth through fiscal 2028.

Key Takeaways

  • Berry Global acquisition contributing approximately $2.4 billion of acquired sales net of divestments
  • Synergies of approximately $38 million realized in Q1, at upper end of expected range
  • Disciplined cost performance and improved productivity
  • Adjusted EBIT margins expanded 110 basis points to 12.0%
  • Global Rigid Packaging Solutions margins improved 420 basis points to 11.9%
  • Combined volumes approximately 2% lower than prior year excluding non-core North America beverage
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AMCR YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

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AMCR Revenue by Segment

With YoY comparisons, source: SEC Filings

Q3 25 Q2 26

“I am pleased with how the legacy Amcor and Berry teams have come together as one to integrate and execute against our priorities. We're seeing strong and consistent validation from our customers, who are very receptive to our expanded offerings and innovation capabilities.”

— Peter Konieczny, Q1 2026 Earnings Press Release