Avery Dennison Q2 FY2026: sales up 10.9%, adjusted EPS $2.89 beats estimate
Avery Dennison beat on both lines in its fiscal 2026 second quarter, with sales up 10.9% to $2.46 billion and adjusted EPS of $2.89 arriving 15.9% above the $2.4943 consensus estimate. The read is simple: the big Materials segment grew volume and price, gross margin expanded to 29.6%, and adjusted free cash flow roughly doubled to $365.4 million. Management guided full-year adjusted EPS to $10.00 to $10.30.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $2.67 and adjusted EPS was $2.89, up 19.4% year over year. Against the $2.4943 consensus estimate, adjusted EPS landed 15.9% higher and even GAAP EPS was 7.0% above it. The $0.22 gap between the two reflects restructuring and other items, including $21.0 million of pre-tax charges in the quarter.
Revenue rose 10.9% to $2.46 billion from $2.22 billion, and gross margin improved to 29.6% from 28.8%. Materials Group did the heavy lifting, up 15.9% to $1.80 billion, while Solutions Group slipped 0.5% to $666.8 million. This filing contains no revenue consensus figure, so the sales beat has to be judged from the company's own words about stronger-than-anticipated growth.
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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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