Short answer
Amcor (AMCR) filed its fiscal 2026 10-K annual report with the SEC on Aug 14, 2026. It reported revenue of $23.5B (+56.6% year over year) and net income of $1.1B.
- Top risk flagged: ESG Regulations: U.S. states implementing PFAS restrictions may increase compliance costs and impair product redesign, affecting financial position and cash flows
FY2026 key financial metrics · XBRL
- Revenue
- $23.5B
- +56.6% YoY
- Net income
- $1.1B
- +116.4% YoY
- Operating margin
- 8.1%
- +1.4 pp YoY
- Gross margin
- 20.0%
- +1.1 pp YoY
- EPS (diluted)
- $2.38
- +643.8% YoY
- ROE
- 9.4%
- +5.0 pp YoY
- Operating cash flow
- $2.2B
- +54.7% YoY
Source: XBRL data from the Amcor (AMCR) FY2026 10-K on SEC EDGAR. USD.
Amcor FY2026 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: global leader in primary consumer packaging and dispensing solutions for nutrition, health, beauty and wellness categories
- New strategic merger completed April 2025, acquiring Berry Global Group to expand rigid and flexible packaging portfolio
- Fiscal year shift to calendar year starting 2026, transitioning with a six-month reporting period ending Dec 31, 2026
- Headcount increased to ~75,000 employees globally post-merger, with ~1,500 R&D professionals and $170 million R&D spend in fiscal 2026
- Sustainability targets validated in fiscal 2026: science-based net zero emissions by 2050 and increased recycled content commitments
Management Discussion & Analysis
- Revenue $23.5B, up 57% YoY ($8.5B increase), merger contributed ~$7.9B; net sales excluding merger down 2% due to lower volumes
- Operating margin 8.1% vs 6.7% YoY; net income $1.1B, up 116% ($595M increase); diluted EPS $2.38 vs $1.60
- Best segment: Global Rigid Packaging, net sales $10.7B up 116%, Adjusted EBIT +170% to $1.18B, margin 11.0% vs 8.8%
- Worst segment: Global Flexible Packaging, net sales $12.8B up 27%, Adjusted EBIT +28% to $1.79B, margin steady at 13.9%
- Operating cash flow $2.15B (+$761M YoY); capex $216M committed for next year; dividends $1.2B (+$350M YoY); no share buybacks in FY26
- Management highlights merger synergies target $650M annual savings by 2028, ongoing strategic portfolio review of $2.5B sales businesses
- Geopolitical risks and inflation pressure remain key risks; focus on price/cost management and supply chain resilience
Risk Factors
- ESG Regulations: U.S. states implementing PFAS restrictions may increase compliance costs and impair product redesign, affecting financial position and cash flows
- Geopolitical Exposure: 19% of sales revenue from emerging markets like Argentina and Brazil facing political/regulatory instability and currency devaluation impacts
- Supply Chain Vulnerability: Raw material price volatility and disruptions due to Middle East conflict raise costs for polymer resins and energy inputs
- Competitive Risk: Post-2025 Berry merger expected $650M synergy cost savings may not fully materialize, posing integration and cost-saving realization challenges
- Financial Risk: $14.0B debt outstanding as of June 30, 2026, with 15% variable rate exposure increasing borrowing costs amid rising global interest rates
Generated from the filing text; verify against the original. How to read a 10-K
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