Filing Flows › Amcor (AMCR) › Q1 2026
Amcor (AMCR) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Amcor (AMCR) reported revenue of $5.9B for the first quarter 2026 (Q1 2026), +77% from a year earlier and +9% from the quarter before. Operating margin was 7.8%, net earnings $278M (4.7% of revenue).
Amcor, Q1 2026: revenue $5.9B (+77% year over year), operating margin 7.8%, net earnings $278M, operating cash flow $186M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.9B | +9% | +77% |
| Gross profit | $1.2B | +15% | +82% |
| Operating profit | $461M | +39% | +47% |
| Net earnings | $278M | +57% | +41% |
| Operating cash flow | $186M | -63% | +59% |
What changed
Revenue was $5.9B in Q1 2026, up 77% year over year and up 9% from the previous quarter. Global Flexible Packaging Solutions was the largest line at 55% of revenue. Global Rigid Packaging Solutions added $1.7B year over year (up 187%), 67% of the total change.
Gross margin was 20.1%, up 0.5 points from Q1 2025. Operating profit was $0.46B, a 7.8% margin (down 1.6 points year over year). Of the extra revenue versus Q1 2025, 6% reached operating profit, below the 9% margin then. Operating expenses grew 114% against revenue growth of 77%. The fastest-growing cost line was Other operating costs (+310%). Net earnings were $0.28B, up 42% year over year. The effective tax rate was 10.3%.
Operating cash flow was $0.19B (up 59% year over year), 67% of net earnings. Non-cash charges added back $0.38B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.49B. Capital expenditures of $0.23B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was Amcor's revenue in the first quarter 2026?
Amcor (AMCR) reported revenue of $5.9B for the first quarter 2026 (Q1 2026), +77% from a year earlier and +9% from the quarter before.
Was Amcor profitable in the first quarter 2026?
Operating profit was $461M (7.8% of revenue) and net earnings $278M.
Source: Amcor 10-Q on SEC EDGAR.