10-Q quarterly report · filed Aug 4, 2026

Avery Dennison (AVY) Q2 2026 10-Q Quarterly Report

Short answer

Avery Dennison (AVY) filed its Q2 2026 10-Q quarterly report on Aug 4, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $2.5B (up 10.9% year over year) with net income of $204M.

Q2 2026 key financials · XBRL

Revenue
$2.5B
+10.9% YoY · +7.2% QoQ
Net income
$204M
+8.0% YoY · +21.4% QoQ
Gross margin
29.6%
EPS (diluted)
$2.67
+10.8% YoY · +22.5% QoQ

Source: XBRL data from the Avery Dennison (AVY) Q2 2026 10-Q on SEC EDGAR. USD.

Avery Dennison Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Q2 revenue $2,462.9M vs $2,220.5M, up 11% YoY; organic sales increased 8%
  • Q2 net income $204.1M vs $189.0M; effective tax rate 27.8% vs 26.0%
  • Materials Group best performer: sales $1,796.1M and adjusted operating income $284.0M vs $242.5M
  • Operating cash flow $544.7M vs $192.5M; adjusted free cash flow $469.8M vs $135.8M
  • Outlook: higher interest expense, high-twenty-percent tax rate, restructuring savings, normalized temporary cost savings headwind

Risk Factors

  • New tariff exposure: July 2026 U.S. tariffs of 10.0% and 12.5% on imports from 60 countries
  • Regulatory risk: DOJ appeal challenges refunds for non-litigants on liquidated tariff entries
  • Demand risk: tariff-related effects caused a low-single-digit sales decrease in apparel categories during 2025
  • Geopolitical risk: Middle East conflicts affected operations in a region representing approximately 2% of 2025 net sales
  • Foreign-market exposure: approximately 69% of 2025 net sales originated outside the U.S.

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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