Amcor Plc
Q4 2026 Earnings
Market Reaction
Did AMCR Beat Earnings? Q4 2026 Results
Amcor plc delivered a strong finish to fiscal 2026, with fourth-quarter adjusted EPS of $1.23 beating analyst expectations of $1.20 per share, as the packaging giant's transformative Berry Global acquisition powered revenue to $6.40 billion, a 25.9% year-over-year gain. The Berry combination, completed in April 2025, was the unmistakable engine behind the quarter's performance, contributing roughly $962.00 million in acquired net sales and driving adjusted EBIT up 37% to $836.00 million, with synergy benefits alone accounting for approximately $100.00 million in the period. Margins expanded meaningfully, with adjusted EBIT reaching 13.1% from 12.0% a year earlier, and GAAP net income swung to $389.00 million compared to a loss of $39.00 million in the prior year. Ahead, Amcor is navigating a fiscal year-end transition to December 31, guiding for adjusted EPS of $1.80 to $1.90 for the six-month transition period, while targeting leverage of 3.5x to 3.6x, even as geopolitical uncertainty clouds the broader demand outlook.
- Berry Global acquisition contributing approximately $962 million of acquired sales net of divestitures in Q4
- Synergy realization from Berry acquisition of approximately $100 million in Q4, ahead of plan
- Pass through of higher raw material costs adding approximately $280 million to Q4 sales
- Broad-based volume growth of approximately 0.5% on a combined legacy basis excluding non-core businesses
- Strong execution on cost and productivity initiatives including in non-core businesses
- Favorable foreign exchange rate impact of approximately 2% on Q4 reported sales
“We delivered strong operating performance in the fourth quarter despite a challenging macro environment. We drove broad-based volume growth, while effectively managing unprecedented input cost inflation. Synergy realization came in ahead of plan, while performance in our non-core businesses improved substantially.”
Amcor CEO, on the earnings call
Forward Guidance & Outlook
For the six-month transition period ending December 31, 2026, Amcor expects Adjusted EPS of approximately $1.80 to $1.90, and leverage of 3.5x to 3.6x. Outlook does not account for potential unannounced portfolio optimization actions and contemplates a range of factors including ongoing geopolitical developments which create a higher degree of uncertainty.
AMCR YoY Financials
AMCR Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.