Filing Flows › Avery Dennison (AVY) › Q2 2026 › vs Q1 2026
Avery Dennison (AVY) Q2 2026 vs Q1 2026 (quarter over quarter)
Avery Dennison's revenue rose $164M (+7%) from $2.3B in Q1 2026 to $2.5B in Q2 2026. Gross margin 29.6% against 28.9% (+0.7 pts).
Avery Dennison, Q2 2026: revenue $2.5B (+11% year over year), operating margin 11.5%, net earnings $204M, operating cash flow $408M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 29.6% | 28.9% | +0.7 pts |
| Operating margin | 11.5% | 10.5% | +1.0 pts |
| Net margin | 8.3% | 7.3% | +1.0 pts |
| Free cash flow margin | 15.0% | 4.7% | +10.3 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.5B | $2.3B | $164M | +7% |
| Gross profit | $729M | $665M | $64.6M | +10% |
| Cost of revenue | $1.7B | $1.6B | $99.8M | +6% |
| Operating profit | $283M | $240M | $42.3M | +18% |
| Operating expenses | $447M | $424M | $22.3M | +5% |
| Pre-tax earnings | $283M | $240M | $42.3M | +18% |
| SG&A | $395M | $375M | $19.7M | +5% |
| Other operating costs | $51.9M | $49.3M | $2.6M | +5% |
| Net earnings | $204M | $168M | $36.0M | +21% |
| Income tax | $78.6M | $72.3M | $6.3M | +9% |
| Depreciation & amortization | $86.4M | $86.8M | −$400K | -0.5% |
| Share-based compensation | $6.4M | $5.8M | $600K | +10% |
| Working capital & other | $111M | −$124M | $236M | — |
| Operating cash flow | $408M | $136M | $272M | +199% |
| Free cash flow (OCF − capex) | $369M | $108M | $261M | +241% |
| Capital expenditures | $39.2M | $28.3M | $10.9M | +39% |
Questions
How much did Avery Dennison's revenue grow quarter over quarter in Q2 2026?
Avery Dennison's revenue rose $164M (+7%) from $2.3B in Q1 2026 to $2.5B in Q2 2026. Gross margin 29.6% against 28.9% (+0.7 pts).