Amcor plc · 2026 Q4

Consensus vs reported

QoQ and YoY are measured on the same basis as each panel's own consensus, so no panel compares two different measures.

2026 Q4 preview

Reported this quarter

Each tile opens the full quarterly series. Download the numbers as CSV or JSON.

What we learned

1. Amcor publishes the bridge that dismantles its own headline, and that is to its credit. Of 57% full-year sales growth, about 52 points is acquired sales from Berry Global, 2 points is resin pass-through and 5 points is currency — leaving −2 points of volume and price/mix.
2. Strip the transaction and the underlying business shrank slightly. The same shape holds in the quarter: of +26%, 19 points acquired , 6 points raw-material pass-through, 2 points FX, −1 point volume and price/mix.
3. Volumes were +0.5% and price/mix was −1% against estimated combined legacy Amcor and legacy Berry — roughly flat on volume and giving back a point on price, in a quarter management describes as managing "unprecedented input cost inflation."
4. Gross margin of 20.90% is the best since the Berry deal closed— up 3.3 points and the highest in our stored series since June 2024, when Amcor was less than half its current size. It improved while price/mix was negative, so it came from cost.
5. The GAAP lines swung further than the adjusted ones. Operating income +642% to $646M and GAAP EPS from −$0.10 to $0.83 , against adjusted diluted EPS of $1.23 against $1.00. The distance between those two rates of change is the deal accounting annualising out.

Read the full analysis: Amcor Grew Sales 57% in a Year Its Volumes Fell. Now the Fiscal Year Itself Is Changing. →

Coverage around this release

Estimate against reported

Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.

Sources & downloads

Every AMCR quarter