AMCR
FY2026 Q3 · Calendar Q2 2026
Amcor plc
Amcor's FY2026 Q3 results illustrate a company in active transformation following the Berry acquisition. Adjusted EPS of $0.96 beat consensus by a narrow margin while revenue of $5.91B exceeded estimates by 3.5%. The core story is execution: $77M in synergies were captured in Q3 alone, keeping the company on track for $270M in FY2026 synergies and $650M over three years. Six non-core divestiture agreements totaling roughly $500M in cash proceeds are underway to accelerate deleveraging. However, management lowered free cash flow guidance to $1.5-1.6B from prior levels due to a deliberate inventory build, which ties up working capital even as it buffers against geopolitical and supply-chain risk. Adjusted EPS guidance was maintained at $3.98-4.03. The market reacted positively on the session with a 5.4% abnormal move, but subsequent drift of -6.4% suggests investors are weighing the FCF…
EPS surprise+0.3%
Market move+6.8%
