Companies · AMCR
Amcor
AI-generated · informational only · not investment advice · verify before relying.
Latest analysis
Updated Nov 5, 2026
Amcor Q3 FY2026: Raw material pass-through masks margin compression as Berry integration advances.
Amcor's Q3 FY2026 net sales grew 7% to $6.1 billion, but this masks underlying operational stress: excluding $435 million in raw material cost pass-through to customers and $112 million in divestiture headwinds, organic sales grew only 1% on higher volumes. Gross margin compressed 70 basis points to 18.9% despite $35 million in gross profit growth, a direct mathematical effect of passing higher raw material costs through revenue without corresponding COGS relief. The company continues Berry Global integration on track toward $530 million in pre-tax synergies by June 2028, having incurred $36 million in Q3 restructuring and integration costs, but geopolitical volatility and tariff uncertainty are now explicitly cited as risks to demand, supply chains, and working capital requirements going forward.
Tone: cautiousRevenue
$23.5B
AMCR 10-K · FY 2026
Employees
75,000
Revenue FY2025
$15B
Headquarters
Warmley, Bristol, United Kingdom
Profile
AMCR 10-K Item 1 · Aug 14, 2026Amcor is the global leader in primary consumer packaging and dispensing solutions, serving nutrition, health, beauty, and wellness end markets across more than 40 countries. Following the April 2025 merger with Berry Global, the combined company operates approximately 400 facilities and employs roughly 75,000 people. It reports through two segments: Global Flexible Packaging Solutions and Global Rigid Packaging Solutions.
Read filing description ↓ Collapse description ↑
Amcor plc is a public limited company incorporated under the Laws of the Bailiwick of Jersey. Our history dates back more than 150 years, with origins in both Australia and the United States of America. Today, we are the global leader in developing and producing responsible primary consumer packaging and dispensing solutions across a variety of materials for nutrition, health, beauty and wellness categories. Our global product innovation and sustainability expertise enables us to solve packaging challenges around the world every day, producing a range of packaging and dispensing solutions that are more sustainable, functional and appealing for our customers and their consumers. We are guided by our purpose of elevating customers, shaping lives and protecting the future. We believe we are uniquely positioned to deliver exceptional value to our customers by leveraging our global scale and innovation and sustainability capabilities to offer a broad range of differentiated consumer packaging and dispensing solutions using a variety of materials including paper, aluminum, polymer resins, recycled, and bio-based materials. Innovation is central to Amcor's success and in fiscal year 2026 we spent approximately $170 million on research and development, not including ongoing investments in continuous improvements. We are highly regarded for our innovation capabilities and have over 7,000 patents, registered designs and trademarks, as well as a global network of Innovation Centers focused on bringing advanced packaging technologies and more sustainable material science to our markets around the world. Sustainability is also comprehensively embedded across our business, from the investments we are making in packaging innovation and design, to the work we undertake within our own operations and with our upstream and downstream partners to develop a more responsible packaging value chain.
Primary products
- Films and other flexible products
- Specialty flexible folding cartons
- Containers, preforms, and closures
- Rigid packaging containers
- Closures
- Dispensing devices
Business segments
End markets
Geographies
Named competitors
“We consider ourselves to be a significant participant in the markets in which we operate.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Net sales increased from $15,009 million in fiscal year 2025 to $23,506 million in fiscal year 2026, driven primarily by the inclusion of Berry Global for the full fiscal year following the April 2025 merger completion.
The rest of AMCR is for subscribers
Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.