Amcor reports in-line earnings with revenue growth driven by Berry acquisition, synergy benefits, and cost discipline.
Stock Earnings Results
May 6, 2026
Table of Contents
May 6, 2026
Amcor plc (NYSE: AMCR) reported quarterly results in line with expectations, with revenue growth driven mainly by the Berry acquisition, synergy benefits, and cost discipline.
Amcor is a global packaging company that makes flexible and rigid packaging products for food, beverage, healthcare, personal care, and industrial customers.
The company reported adjusted EPS of $0.96, matching estimates and representing a 0.0% earnings surprise. Revenue came in at $5.91 billion, above estimates of $5.70 billion, with net sales increasing 77.4% year-over-year.
Amcor’s net sales rose to $5.91 billion from $3.33 billion in the prior-year period, largely due to the Berry acquisition.
On a constant currency basis, net sales increased 70%, including approximately $2.4 billion of acquired sales net of divestments. The company estimated that volumes were about 1.5% lower than combined legacy Amcor and Berry volumes from the prior-year quarter.
Adjusted EBITDA rose 87% to $892 million, while adjusted EBIT increased 79% to $687 million.
Amcor reported approximately $77 million in acquisition synergies during the quarter, at the upper end of expectations. The company said adjusted EBIT growth reflected acquired earnings, Berry synergy benefits, and continued cost and productivity initiatives, partly offset by lower volumes.
Amcor expects fiscal 2026 adjusted EPS of $3.98 to $4.03, representing about 12% growth at the midpoint.
However, the company revised free cash flow guidance to $1.5 billion to $1.6 billion from a previous $1.8 billion to $1.9 billion, reflecting higher inventory levels at higher cost to maintain customer service levels amid Middle East conflict-related disruption.
Amcor declared a quarterly cash dividend of $0.65 per share, compared with $0.6375 in the same quarter last year, adjusted for the company’s reverse stock split.
The dividend is payable June 17, 2026, to shareholders of record as of May 28, 2026.
Investors are likely to watch whether Amcor can deliver the expected Berry acquisition synergies while managing lower volumes and cash flow pressure.
The key areas are:
Amcor’s quarter was not a clean organic growth story. The headline revenue increase came mainly from the Berry acquisition, while underlying volumes remained soft.
The real investor focus is whether Amcor can turn scale, synergies, and portfolio optimization into stronger earnings and cash flow over time.
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