Amcor FY2026: $23.51 billion sales, adjusted EPS $4.02, but organic sales fell 2.0%
Amcor's fiscal 2026 was a Berry-acquisition year: sales jumped 57.0% to $23.51 billion, gross margin reached 20.0%, and adjusted EPS rose 13.0% to $4.02. Strip out the deal and the picture is softer — organic sales fell 2.0%, net debt is still $12.90 billion, and management guides to 3.5x–3.6x leverage. Read the growth lines as bought, not earned.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $2.38 versus $1.60 a year ago, while adjusted diluted EPS was $4.02 versus $3.56, up 13.0% (10.0% in constant currency). The $1.64 gap between the two is mostly real costs: $1.20 a share of amortization on acquired intangibles and $0.58 of restructuring and integration costs, partly offset by $0.40 of tax effects. In the June quarter, adjusted EPS of $1.23 was up 23.0% and GAAP swung to $0.83 from -$0.10.
Full-year net sales of $23.51 billion were up 57.0% from $15.01 billion, and roughly $7.9 billion of that came from acquired sales net of divestitures — about 52 points of the increase. Organic sales were actually down 2.0%, with volumes down 2.0% and price/mix flat, so the top line reflects purchases rather than extra demand. The June quarter was slightly better: $6.40 billion of sales, up 26.0%, with volumes about 0.5% above the combined legacy Amcor and Berry base.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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