Analyst Consensus ?
ConsensusHold9 ratings
Bullish333.3%
Neutral444.5%
Bearish222.2%
Amrize Ltd · AMRZ · FY2026 Q2 · Calendar Q3 2026
Amrize raises guidance as project demand offsets cost pressure
Amrize's Q2 supports a constructive operating thesis: resilient demand from data centers, energy and infrastructure, combined with pricing actions, fuel surcharges and ASPIRE savings, helped sustain growth despite cost inflation. The main test is whether price realization and mix can protect margins as capacity investments ramp and volumes potentially moderate.
Reported After market closeNYSEBasic Materials
$20.78B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.88
Consensus $0.95
EPS surprise
-7.8%
Reported versus consensus
Reported revenue
$3.49B
Consensus $3.37B
Revenue surprise
+3.8%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-8.9%
Event window
SPY move
+0.6%
Same window
Abnormal move
-9.6%
Stock minus SPY
Volume
3.4×
Versus trailing sessions
Subsequent drift
-6.0%
Up to 20 sessions
AMRZSPY benchmark
Ask FN2 about AMRZ FY2026 Q2
Transcript, numbers and history already loaded
Why did AMRZ fall 8.9% after missing EPS estimates in FY2026 Q2?What changed in AMRZ's guidance and outlook in FY2026 Q2?Give me the bull and bear case for AMRZ after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management raised full-year revenue and adjusted EBITDA guidance, while highlighting $29 million of Q2 ASPIRE savings, recent acquisitions and a broader capacity-expansion program. Cost inflation, price realization and the timing of Building Envelope margin improvement remained key areas of uncertainty.
Guidance delta
Management raised full-year revenue guidance to $12.5–$12.7 billion and adjusted EBITDA guidance to $3.1–$3.2 billion.
Key takeaways
- Revenue grew 8.6%, including 6.7% organic growth, driven by demand from data centers, energy and infrastructure projects.
- Oil, freight and diesel inflation remained a margin headwind; management cited pricing, fuel surcharges and ASPIRE savings as offsets.
- The company reported $241 million of capex and highlighted capacity expansions, quarry development and recent acquisitions.
- Management identified potential second-half volume moderation and continued uncertainty around price realization and mix.
Management priorities
- Complete cement capacity expansions in Missouri, Quebec, Texas and Alberta.
- Develop five aggregate quarries and build a Malarkey Shingles plant in Indiana.
- Continue pursuing synergistic aggregates and concrete acquisitions.
- Maintain the $1 billion share-repurchase program and dividend payouts.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$38.59Current
$40Low
$57.08Average
$75High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 21, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Oppenheimer | Outperform | Outperform | Maintain | Sep 18, 2026 |
| Wells Fargo | Equal Weight | Overweight | Downgrade | Sep 9, 2026 |
| JP Morgan | Neutral | Overweight | Downgrade | Sep 2, 2026 |
| B of A Securities | Underperform | Neutral | Downgrade | Sep 2, 2026 |
| Stephens & Co. | Overweight | Overweight | Maintain | Aug 12, 2026 |
| Citigroup | Buy | Buy | Maintain | Aug 11, 2026 |
| RBC Capital | Underperform | Sector Perform | Downgrade | Aug 10, 2026 |
| Truist Securities | Hold | Buy | Downgrade | Jul 7, 2026 |
| UBS | Neutral | Neutral | Maintain | Jan 8, 2026 |
Named analyst price targets
Upside is calculated against the persisted current price $38.59. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Oppenheimer | Analyst unavailable | $55 | $37.44 | +42.5% | Sep 18, 2026 |
| Wells Fargo | Analyst unavailable | $44 | $41.95 | +14.0% | Sep 9, 2026 |
| William Blair | Analyst unavailable | $40 | $42.81 | +3.7% | Sep 2, 2026 |
| D.A. Davidson | Analyst unavailable | $50 | $45.18 | +29.6% | Aug 24, 2026 |
| Stephens | Analyst unavailable | $54 | $46.9 | +39.9% | Aug 12, 2026 |
| RBC Capital | Anthony Codling | $48 | $46.64 | +24.4% | Aug 10, 2026 |
| Wells Fargo | Analyst unavailable | $58 | $50.94 | +50.3% | Jul 8, 2026 |
| Truist Financial | Keith Hughes | $48 | $54.01 | +24.4% | Jul 7, 2026 |
| Morgan Stanley | Analyst unavailable | $63 | $53.42 | +63.3% | Jun 22, 2026 |
| Morgan Stanley | Analyst unavailable | $65 | $54.48 | +68.4% | May 6, 2026 |
| Oppenheimer | Analyst unavailable | $68 | $53.38 | +76.2% | May 1, 2026 |
| Vertical Research | Analyst unavailable | $70 | $53.78 | +81.4% | May 1, 2026 |
| Wells Fargo | Timna Tanners | $65 | $59.96 | +68.4% | Apr 15, 2026 |
| Truist Financial | Analyst unavailable | $75 | $65 | +94.4% | Feb 20, 2026 |
| Oppenheimer | Analyst unavailable | $70 | $63.7 | +81.4% | Feb 19, 2026 |
| Wells Fargo | Timna Tanners | $66 | $63.7 | +71.0% | Feb 19, 2026 |
| Berenberg Bank | Analyst unavailable | $70 | $63.7 | +81.4% | Feb 19, 2026 |
| Wells Fargo | Analyst unavailable | $59 | $53.64 | +52.9% | Jan 29, 2026 |
| Oppenheimer | Analyst unavailable | $64 | $54.6 | +65.8% | Jan 15, 2026 |
| Goldman Sachs | Analyst unavailable | $58 | $57.32 | +50.3% | Jan 12, 2026 |
| Bernstein | Pujarini Ghosh | $70 | $53.54 | +81.4% | Dec 18, 2025 |
| RBC Capital | Anthony Codling | $60 | $54.74 | +55.5% | Dec 8, 2025 |
| Deutsche Bank | Analyst unavailable | $59 | $54.74 | +52.9% | Dec 8, 2025 |
| Vertical Research | Michael Dudas | $54 | $50.13 | +39.9% | Nov 25, 2025 |
| Morgan Stanley | Analyst unavailable | $61 | $52.85 | +58.1% | Oct 29, 2025 |
| UBS | Analyst unavailable | $52 | $48.21 | +34.7% | Oct 14, 2025 |
| Wells Fargo | Timna Tanners | $57 | $47.13 | +47.7% | Oct 7, 2025 |
| RBC Capital | Anthony Codling | $54 | $47.02 | +39.9% | Aug 8, 2025 |
| Berenberg Bank | Analyst unavailable | $64 | $49.55 | +65.8% | Jun 30, 2025 |
| Jefferies | Analyst unavailable | $52.5 | $49.01 | +36.0% | Jun 29, 2025 |
| Truist Financial | Analyst unavailable | $60 | $53 | +55.5% | Jun 24, 2025 |
Track every rating change on AMRZ the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAmrize AG engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America and Canada. It operates through two segments, Building Materials and Building Envelope. The Building Materials segment offers cement and aggregates, as well as ready-mix concrete, asphalt, and other construction materials. The Building Envelope segment provides advanced roofing and wall systems, including single-ply membranes, insulation, shingles, sheathing, waterproofing, and protective coatings; and adhesives, tapes, and sealants. The company was formerly known as Holcim North America Finance Ltd and changed its name to Amrize AG in December 2013. Amrize AG was incorporated in 2023 and is based in Zug, Switzerland.
Basic Materials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| HMY Harmony Gold Mining Company Limited | FY2026 Q4 · Calendar Q3 2026 | 0.0% | -6.2% | Harmony Gold posts record FY2026 while Eva Copper risks remain |
Latest beats and misses
Who reports nextBeat on EPS
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Get the AMRZ recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-09T00:10:17.498009+00:00
- FN2 earnings calendar · 2026-09-11T01:23:15.000588+00:00
- Polygon adjusted daily market bars · 2026-09-21T22:20:47.435885+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-21T22:20:47.433037+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.