Filing Flows › Amcor (AMCR) › Q2 2026 › vs Q1 2026
Amcor (AMCR) Q2 2026 vs Q1 2026 (quarter over quarter)
Amcor's revenue rose $484M (+8%) from $5.9B in Q1 2026 to $6.4B in Q2 2026. The biggest changes: Global Flexible Packaging Solutions +$275M (+8%); Global Rigid Packaging Solutions +$209M (+8%). Gross margin 20.9% against 20.1% (+0.8 pts).
Amcor, Q2 2026: revenue $6.4B (+26% year over year), operating margin 10.1%, net earnings $389M, operating cash flow $1.6B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 20.9% | 20.1% | +0.8 pts |
| Operating margin | 10.1% | 7.8% | +2.3 pts |
| Net margin | 6.1% | 4.7% | +1.4 pts |
| Free cash flow margin | 21.3% | -0.7% | +22.0 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Global Flexible Packaging Solutions | $3.5B | $3.2B | $275M | +8% |
| Global Rigid Packaging Solutions | $2.9B | $2.7B | $209M | +8% |
| Revenue | $6.4B | $5.9B | $484M | +8% |
| Gross profit | $1.3B | $1.2B | $147M | +12% |
| Cost of revenue | $5.1B | $4.7B | $337M | +7% |
| Operating profit | $646M | $461M | $185M | +40% |
| Operating expenses | $691M | $729M | −$38.0M | -5% |
| Pre-tax earnings | $485M | $310M | $175M | +56% |
| Other expense, net | $161M | $151M | $10.0M | +7% |
| Research & development | $42.0M | $44.0M | −$2.0M | -5% |
| SG&A | $568M | $488M | $80.0M | +16% |
| Other operating costs | $81.0M | $197M | −$116M | -59% |
| Net earnings | $389M | $278M | $111M | +40% |
| Income tax | $97.0M | $32.0M | $65.0M | +203% |
| Depreciation & amortization | $365M | $377M | −$12.0M | -3% |
| Share-based compensation | $30.0M | $21.0M | $9.0M | +43% |
| Working capital & other | $811M | −$490M | $1.3B | — |
| Operating cash flow | $1.6B | $186M | $1.4B | +758% |
| Free cash flow (OCF − capex) | $1.4B | −$42.0M | $1.4B | — |
| Capital expenditures | $235M | $228M | $7.0M | +3% |
Questions
How much did Amcor's revenue grow quarter over quarter in Q2 2026?
Amcor's revenue rose $484M (+8%) from $5.9B in Q1 2026 to $6.4B in Q2 2026.
What drove Amcor's revenue change in Q2 2026?
Global Flexible Packaging Solutions +$275M (+8%); Global Rigid Packaging Solutions +$209M (+8%).