Filing Flows › Avery Dennison (AVY) › Q2 2026
Avery Dennison (AVY) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Avery Dennison (AVY) reported revenue of $2.5B for the second quarter 2026 (Q2 2026), +11% from a year earlier and +7% from the quarter before. Operating margin was 11.5%, net earnings $204M (8.3% of revenue).
Avery Dennison, Q2 2026: revenue $2.5B (+11% year over year), operating margin 11.5%, net earnings $204M, operating cash flow $408M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | +7% | +11% |
| Gross profit | $729M | +10% | +14% |
| Operating profit | $283M | +18% | +11% |
| Net earnings | $204M | +21% | +8% |
| Operating cash flow | $408M | +199% | +95% |
| Free cash flow | $369M | +241% | +106% |
What changed
Revenue was $2.5B in Q2 2026, up 11% year over year and up 7% from the previous quarter.
Gross margin was 29.6%, up 0.8 points from Q2 2025. Operating profit was $0.28B, a 11.5% margin (unchanged year over year). Of the extra revenue versus Q2 2025, 11% reached operating profit, below the 12% margin then. Operating expenses grew 16% against revenue growth of 11%. The fastest-growing cost line was Other operating costs (+66%). Net earnings were $0.20B, up 8% year over year. The effective tax rate was 27.8%.
Operating cash flow was $0.41B (up 95% year over year), 200% of net earnings. Non-cash charges added back $0.09B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.11B. Capital expenditures of $0.04B left free cash flow of $0.37B.
Questions
What was Avery Dennison's revenue in the second quarter 2026?
Avery Dennison (AVY) reported revenue of $2.5B for the second quarter 2026 (Q2 2026), +11% from a year earlier and +7% from the quarter before.
Was Avery Dennison profitable in the second quarter 2026?
Operating profit was $283M (11.5% of revenue) and net earnings $204M.
Source: Avery Dennison 10-Q on SEC EDGAR.