Filing Flows › Avery Dennison (AVY) › Q3 2026
Avery Dennison (AVY) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
Avery Dennison (AVY) reported revenue of $2.3B for the third quarter 2026 (Q3 2026), +5% from a year earlier and -5% from the quarter before. Operating margin was 10.3%, net earnings $170M (7.3% of revenue).
Avery Dennison, Q3 2026: revenue $2.3B (+5% year over year), operating margin 10.3%, net earnings $170M, operating cash flow $299M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | -5% | +5% |
| Gross profit | $655M | -10% | +3% |
| Operating profit | $241M | -15% | +3% |
| Net earnings | $170M | -17% | +2% |
| Operating cash flow | $299M | -27% | -4% |
| Free cash flow | $246M | — | — |
What changed
Revenue was $2.3B in Q3 2026, up 5% year over year and down 5% from the previous quarter.
Gross margin was 28.1%, down 0.6 points from Q3 2025. Operating profit was $0.24B, a 10.3% margin (down 0.3 points year over year). Of the extra revenue versus Q3 2025, 6% reached operating profit, below the 11% margin then. Operating expenses grew 3% against revenue growth of 5%. Net earnings were $0.17B, up 2% year over year. The effective tax rate was 29.6%.
Operating cash flow was $0.30B (down 4% year over year), 176% 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 $0.03B. After purchases of property, plant and equipment, net ($0.05B) and purchases of software and other deferred charges ($0.01B), adjusted free cash flow as the company reports it was $0.25B.
Questions
What was Avery Dennison's revenue in the third quarter 2026?
Avery Dennison (AVY) reported revenue of $2.3B for the third quarter 2026 (Q3 2026), +5% from a year earlier and -5% from the quarter before.
Was Avery Dennison profitable in the third quarter 2026?
Operating profit was $241M (10.3% of revenue) and net earnings $170M.
Source: Avery Dennison 10-Q on SEC EDGAR.