Amcor (AMCR) is trading up at $43.74 (+3.45%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Materials sector.
Analyst price targets on AMCR
One firm's current price target on Amcor: $51 — 17% above the current $43.7. Each is tracked to its date and scored the same way a member's call is.
- Truist Securities $45.9 → $51 by Aug 2027 Aug 18, 2026 via Investing.com · Truist Securities's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
Amcor revenue & net income history (FY2017–FY2026)
| FY2017Jun 2017 | FY2018Jun 2018 | FY2019Jun 2019 | FY2020Jun 2020 | FY2021Jun 2021 | FY2022Jun 2022 | FY2023Jun 2023 | FY2024Jun 2024 | FY2025Jun 2025 | FY2026Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $9.10B | $9.32B | $9.46B | $12.5B | $12.9B | $14.5B | $14.7B | $13.6B | $15.0B | $23.5B |
| Growth (year over year) | — | +2.4% | +1.5% | +31.8% | +3.2% | +13.1% | +1.0% | −7.2% | +10.0% | +56.6% |
| Gross profit | $1.91B | $1.86B | $1.80B | $2.54B | $2.73B | $2.82B | $2.73B | $2.71B | $2.83B | $4.69B |
| Gross margin | 21.0% | 19.9% | 19.0% | 20.3% | 21.2% | 19.4% | 18.5% | 19.9% | 18.9% | 20.0% |
| Operating income | $916.1M | $993.9M | $792.0M | $994.0M | $1.32B | $1.24B | $1.51B | $1.21B | $1.01B | $1.90B |
| Operating margin | 10.1% | 10.7% | 8.4% | 8.0% | 10.3% | 8.5% | 10.3% | 8.9% | 6.7% | 8.1% |
| Net income | $564.0M | $575.2M | $430.0M | $612.0M | $939.0M | $805.0M | $1.05B | $730.0M | $511.0M | $1.11B |
| Net margin | 6.2% | 6.2% | 4.5% | 4.9% | 7.3% | 5.5% | 7.1% | 5.4% | 3.4% | 4.7% |
| EPS (diluted) | $2.40 | $2.47 | $1.81 | $1.91 | $3.01 | $2.65 | $3.52 | $2.52 | $1.60 | $2.38 |
| Balance sheet | ||||||||||
| Cash and equivalents | $561.5M | $620.8M | $601.6M | $743.0M | $850.0M | $775.0M | $689.0M | $588.0M | $827.0M | $1.11B |
| Total assets | — | $9.06B | $17.2B | $16.4B | $17.2B | $17.4B | $17.0B | $16.5B | $37.1B | $37.1B |
| Total liabilities | — | $8.36B | $11.5B | $11.8B | $12.4B | $13.3B | $12.9B | $12.6B | $25.3B | $25.3B |
| Long-term debt | — | $2.69B | $5.31B | $6.03B | $6.19B | $6.34B | $6.65B | $6.60B | $13.8B | $13.9B |
| Shareholders' equity | $587.6M | $626.6M | $5.61B | $4.63B | $4.76B | $4.08B | $4.03B | $3.88B | $11.7B | $11.8B |
| Cash flow | ||||||||||
| Operating cash flow | $908.9M | $871.4M | $776.0M | $1.38B | $1.46B | $1.53B | $1.26B | $1.32B | $1.39B | $2.15B |
| Capital expenditure | $379.3M | $365.0M | $332.2M | $400.0M | $468.0M | $527.0M | $526.0M | $492.0M | $580.0M | $922.0M |
| Free cash flow | $529.6M | $506.4M | $443.8M | $984.0M | $993.0M | $999.0M | $735.0M | $829.0M | $810.0M | $1.23B |
| Dividends paid | $489.1M | $526.8M | $680.0M | $761.0M | $742.0M | $732.0M | $723.0M | $722.0M | $845.0M | $1.20B |
| Share buybacks | — | $0 | $0 | $537.0M | $351.0M | $601.0M | $432.0M | $30.0M | $0 | $1.00M |
| Q1 FY25Sep 2024 | Q2 FY25Dec 2024 | Q3 FY25Mar 2025 | Q4 FY25†Jun 2025 | Q1 FY26Sep 2025 | Q2 FY26Dec 2025 | Q3 FY26Mar 2026 | Q4 FY26†Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $3.35B | $3.24B | $3.33B | $5.08B | $5.75B | $5.45B | $5.91B | $6.40B |
| Growth (year over year) | −2.6% | −0.3% | −2.3% | +43.8% | +71.3% | +68.1% | +77.4% | +25.9% |
| Gross profit | $659.0M | $626.0M | $654.0M | $895.0M | $1.12B | $1.04B | $1.19B | $1.34B |
| Gross margin | 19.7% | 19.3% | 19.6% | 17.6% | 19.6% | 19.1% | 20.1% | 20.9% |
| Operating income | $312.0M | $297.0M | $313.0M | $87.0M | $461.0M | $331.0M | $461.0M | $646.0M |
| Operating margin | 9.3% | 9.2% | 9.4% | 1.7% | 8.0% | 6.1% | 7.8% | 10.1% |
| Net income | $191.0M | $163.0M | $196.0M | −$39.0M | $262.0M | $177.0M | $278.0M | $389.0M |
| Net margin | 5.7% | 5.0% | 5.9% | −0.8% | 4.6% | 3.2% | 4.7% | 6.1% |
| EPS (diluted) | $0.66 | $0.56 | $0.68 | −$0.30 | $0.56 | $0.38 | $0.60 | $0.83 |
| Balance sheet | ||||||||
| Cash and equivalents | $432.0M | $445.0M | $2.04B | $827.0M | $825.0M | $1.06B | $1.59B | $1.11B |
| Total assets | $16.9B | $16.2B | $18.0B | $37.1B | $37.1B | $37.0B | $37.6B | $37.1B |
| Total liabilities | $12.9B | $12.4B | $14.2B | $25.3B | $25.4B | $25.4B | $25.9B | $25.3B |
| Long-term debt | $7.18B | $6.84B | $8.64B | $13.8B | $12.8B | $14.6B | $15.2B | $13.9B |
| Shareholders' equity | $3.92B | $3.78B | $3.85B | $11.7B | $11.7B | $11.6B | $11.7B | $11.8B |
| Cash flow | ||||||||
| Operating cash flow | −$269.0M | $428.0M | $117.0M | $1.11B | −$133.0M | $503.0M | $186.0M | $1.59B |
| Capital expenditure | $145.0M | $98.0M | $117.0M | $220.0M | $238.0M | $221.0M | $228.0M | $235.0M |
| Free cash flow | −$414.0M | $330.0M | $0 | $894.0M | −$371.0M | $282.0M | −$42.0M | $1.36B |
| Dividends paid | $180.0M | $186.0M | $184.0M | $295.0M | $294.0M | $300.0M | $300.0M | $301.0M |
| Share buybacks | $0 | $0 | $0 | $0 | — | — | — | $0 |
From Amcor's 10-K and 10-Q filings with the SEC; its fiscal year ends in June. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Amcor
Amcor plc is a multinational packaging company founded in Australia that develops and produces flexible packaging, rigid containers, specialty cartons, closures and services for food, beverage, pharmaceutical, medical-device, home and personal-care, and other products.
- Headquarters
- Warmley, Bristol, United Kingdom From SEC filings, Oct 2026
Company profile
Amcor plc, a public limited company incorporated under the laws of the Bailiwick of Jersey with principal executive offices at 83 Tower Road North, Warmley, Bristol, United Kingdom, describes itself in its Form 10-K for the fiscal year ended June 30, 2026 as 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. Its ordinary shares trade on the New York Stock Exchange under the symbol AMCR and its CHESS Depositary Instruments on the Australian Securities Exchange under the symbol AMC; 462,345,690 shares were issued and outstanding on August 12, 2026 (10-K cover). The 10-K reports approximately 75,000 employees globally at June 30, 2026, including part-time and temporary workers, and two reportable segments, Global Flexible Packaging Solutions and Global Rigid Packaging Solutions.
On April 30, 2025 Amcor completed its merger with Berry Global Group, Inc., which the 10-K describes as a global manufacturer of rigid and flexible packaging products; under the merger agreement Berry shareholders received 7.25 Amcor ordinary shares for each share of Berry common stock. The 10-K gives the purchase consideration as $10.4 billion, not including Berry debt assumed by Amcor of approximately $5.2 billion. On January 14, 2026 Amcor effected a 1-for-5 reverse stock split, and the 10-K's MD&A says all prior year ordinary share and per share amounts have been retroactively adjusted to reflect it. On May 1, 2026 its board acted to change the fiscal year end from June 30 to December 31: Amcor plans to report the six-month transition period of July 1, 2026 through December 31, 2026 on a Transition Report on Form 10-K/T, after first filing a Form 10-Q for the quarter ending September 30, 2026 (10-K, Item 1).
Net sales were $23,506 million in fiscal year 2026, against $15,009 million in fiscal year 2025 and $13,640 million in fiscal year 2024 (10-K). The 10-K says that, excluding the increase of sales from the Merger, net of divestments, of approximately $7,864 million, positive currency impacts of approximately $649 million and positive impacts from the pass-through of higher raw material costs of approximately $240 million, the remaining variation in net sales for fiscal year 2026 was a decrease of approximately $260 million or 2%, primarily reflecting lower sales volume. Operating income was $1,899 million, against $1,009 million, and net income attributable to Amcor plc was $1,106 million, against $511 million. In the EPS note, net income available to ordinary shareholders of Amcor plc was $1,106 million, or $2.38 per diluted share, against $510 million, or $1.60, in fiscal year 2025. Net cash provided by operating activities was $2,151 million and dividends paid were $1,195 million.
In its August 12, 2026 release Amcor reported fiscal year 2026 adjusted EBITDA of $3,673 million and adjusted diluted EPS of $4.02, both non-GAAP measures. For the transition period ending December 31, 2026 it expects Adjusted EPS of approximately $1.80 to $1.90 and leverage on December 31, 2026 of 3.5x - 3.6x, with leverage calculated as Net Debt divided by LTM Adjusted EBITDA plus share-based compensation; the release says the outlook does not take into account the impact of potential portfolio optimization actions not announced to date and contemplates a range of factors, including ongoing geopolitical developments (company projections, non-GAAP). Peter Konieczny, Chief Executive Officer (Principal Executive Officer), and Stephen R. Scherger, Executive Vice President and Chief Financial Officer (Principal Financial Officer), certified the 10-K (Exhibits 31.1 and 31.2).
Revenue by fiscal year, as reported in 10-K
| Fiscal year | Revenue (as reported in 10-K) | Reported as | Filed |
|---|---|---|---|
| 2022 | $14,544 million12 | Form 10-K for the fiscal year ended June 30, 2022, net sales, in millions as filed | Aug 18, 2022 |
| 2023 | $14,694 million13 | Form 10-K for the fiscal year ended June 30, 2023, net sales, in millions as filed | Aug 17, 2023 |
| 2024 | $13,640 million14 | Form 10-K for the fiscal year ended June 30, 2024, net sales, in millions as filed | Aug 16, 2024 |
| 2025 | $15,009 million15 | Form 10-K for the fiscal year ended June 30, 2025, net sales, in millions as filed | Aug 15, 2025 |
| 2026 | $23,506 million3 | Form 10-K for the fiscal year ended June 30, 2026, net sales, in millions as filed | Aug 14, 2026 |
Products
Sales by major product (10-K)
| Name | Released | What it is |
|---|---|---|
| Films and other flexible products | — | A major product category in the 10-K, sold by both segments. Net sales as filed, in millions, for fiscal years 2026, 2025 and 2024: Global Flexible Packaging Solutions $11,742, $9,035 and $8,463; Global Rigid Packaging Solutions $811, $806 and $847.6 |
| Specialty flexible folding cartons | — | A major product category in the 10-K, reported in Global Flexible Packaging Solutions. Net sales as filed: $1,087 million in fiscal year 2026, $1,031 million in 2025 and $1,022 million in 2024.6 |
| Containers, preforms, and closures | — | A major product category in the 10-K, reported in Global Rigid Packaging Solutions. Net sales as filed: $9,866 million in fiscal year 2026, $4,137 million in 2025 and $3,308 million in 2024.6 |
Segments and products
- Global Flexible Packaging Solutions: Consists of operations that manufacture flexible and film packaging in the food and beverage, medical and pharmaceutical, personal care, and other industries (10-K, segments note). Net sales as filed, in millions: $12,829 in fiscal year 2026, $10,066 in 2025 and $9,486 in 2024; Adjusted Segment EBIT $1,789, $1,398 and $1,329. Item 1 of the 10-K gives approximately 36,000 employees at approximately 190 manufacturing and support facilities in 33 countries as of June 30, 2026.6
- Global Rigid Packaging Solutions: Consists of operations that manufacture rigid containers and closures for a broad range of predominantly beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads and personal care items, and plastic caps for a wide variety of applications (10-K, segments note). Net sales as filed, in millions: $10,677 in fiscal year 2026, $4,943 in 2025 and $4,154 in 2024; Adjusted Segment EBIT $1,176, $435 and $325. Effective January 1, 2026, certain flexible operations in Latin America previously included in Global Flexible Packaging Solutions are reflected in this segment, and prior period amounts have been recast. Item 1 of the 10-K gives approximately 38,000 employees at approximately 210 manufacturing and support facilities in 33 countries as of June 30, 2026.6
- Other: Not a reportable segment: it consists of the undistributed corporate expenses including executive and functional compensation costs, equity method and other investments, intercompany eliminations, and other business activities. Unallocated corporate costs as filed were $(152) million in fiscal year 2026, $(110) million in 2025 and $(94) million in 2024. The chief operating decision maker is the Chief Executive Officer, and the segment profit measure is Adjusted EBIT, which the 10-K defines as operating income adjusted to eliminate the impact of certain items the company does not consider indicative of its ongoing operating performance and to include equity in income/(loss) of affiliated companies, net of tax (10-K, segments note).6
- Net sales by geography, fiscal years 2024 to 2026: Net sales as filed, in millions, by geography based on manufacturing or selling operations, for fiscal years 2026, 2025 and 2024: North America $11,725, $7,194 and $6,603; Latin America $1,880, $1,790 and $1,913; Europe $7,841, $4,321 and $3,507; Asia Pacific $2,060, $1,704 and $1,617 (10-K, segments note).6
Risks
- Integrating Berry: Among its risk factors the 10-K says Amcor may face challenges with integrating acquisitions and achieving the financial and other results and benefits anticipated at the time of acquisition. It expects the Berry merger to generate estimated pre-tax annual net cost synergies by the end of the third year after the merger of approximately $650 million from procurement, manufacturing, general and administrative, financial and revenue synergies, and says that while it is on track it cannot predict with certainty that the full savings will be realized. The total Berry Plan pre-tax cash cost is estimated at $280 million, net (10-K, Items 1A and 7; company estimates).1
- Strategic review of the portfolio: In August 2025 Amcor announced a review of strategic alternatives and identified businesses with combined sales of $2.5 billion, including its North American Beverage business, for further review. In fiscal year 2026 it sold four of these businesses for cash proceeds of $298 million, excluding deferred consideration, and sold its investment in ePac for estimated proceeds of $79 million, including contingent and deferred consideration. The 10-K says the review may cause disruptions to its business and may not result in the completion of transactions to restructure or divest all non-core businesses, and may not create additional value for its shareholders (10-K, Items 1A and 7).1
- Raw materials and energy: The 10-K lists polymer resins and films, paper, paperboard, inks, solvents, adhesives and aluminum as its primary inputs and says price fluctuations or shortages could adversely affect its business. It says the escalation of conflict in the Middle East disrupted global energy markets, resulting in higher energy prices beginning in the third quarter of fiscal year 2026, which had an unprecedented impact on the cost of certain raw materials used in the manufacturing and transportation of its products. Increases in raw material prices are generally able to be passed on to customers, including through contractual price mechanisms over time (10-K, Items 1, 1A and 7).1
- Demand and trade policy: The 10-K says market dynamics remained challenging during fiscal year 2026, reflecting softer consumer demand and customer order volatility in certain markets, and cost pressures in certain areas, including labor costs, driven by a combination of factors including ongoing geopolitical tensions and conflicts, volatility and changes in U.S. domestic and global tariff frameworks, and persistent inflation. Its risk factors also cover changes to trade policy, including tariff and custom regulations (10-K, Items 1A and 7).1
- Debt, goodwill and intangibles: As of June 30, 2026 Amcor had $14.0 billion of debt outstanding, including borrowings of $1.29 billion under revolving credit facilities in an aggregate limit of $3.75 billion, and $18.7 billion of goodwill and other intangible assets; the 10-K says its indebtedness may limit its flexibility or result in a downgrade in its credit rating, and that a significant write-down of goodwill and/or other intangible assets would have a material adverse effect. Interest expense was $676 million in fiscal year 2026, against $396 million, which the 10-K says was primarily driven by the additional debt issued and assumed in the Merger (10-K, Items 1A and 7).1
- Cybersecurity: The 10-K says the disruption of its operations or risk of loss of its sensitive business information could negatively impact its financial condition and results of operations, and that to date it has not experienced any material impacts from cybersecurity threats (10-K, Items 1A and 1C).1
Frequently asked questions
- What does Amcor do?
- Amcor describes itself in its 10-K for fiscal year 2026 as the global leader in developing and producing responsible primary consumer packaging and dispensing solutions for nutrition, health, beauty and wellness categories. It reports two segments: Global Flexible Packaging Solutions, which manufactures flexible and film packaging, and Global Rigid Packaging Solutions, which manufactures rigid containers and closures and plastic caps.
- How much revenue did Amcor make in fiscal year 2026?
- Net sales were $23,506 million in fiscal year 2026 (year ended June 30, 2026), against $15,009 million in fiscal year 2025, according to its 10-K. Net sales were $13,640 million in fiscal year 2024, $14,694 million in fiscal year 2023 and $14,544 million in fiscal year 2022, as filed in those years' 10-Ks.
- When did Amcor complete its merger with Berry Global?
- On April 30, 2025. Berry shareholders received 7.25 Amcor ordinary shares for each share of Berry common stock, and the 10-K gives the purchase consideration as $10.4 billion, not including Berry debt assumed by Amcor of approximately $5.2 billion. The 10-K says Amcor issued approximately 846 million ordinary shares to Berry shareholders (pre 1-for-5 reverse stock split), excluding shares for Berry vested share-based payment and cash settled awards at closing.
- Why did Amcor's net sales rise in fiscal year 2026?
- The 10-K says net sales rose by $8,497 million in fiscal year 2026 compared with fiscal year 2025. Excluding the increase of sales from the Merger, net of divestments, of approximately $7,864 million, positive currency impacts of approximately $649 million and positive impacts from the pass-through of higher raw material costs of approximately $240 million, the remaining variation was a decrease of approximately $260 million or 2%, primarily reflecting lower sales volume.
- Which Amcor segment is larger?
- Global Flexible Packaging Solutions, with fiscal year 2026 net sales of $12,829 million and Adjusted Segment EBIT of $1,789 million. Global Rigid Packaging Solutions had net sales of $10,677 million and Adjusted Segment EBIT of $1,176 million (10-K, segments note).
- What were Amcor's latest quarterly results?
- In its August 12, 2026 release Amcor reported net sales of $6,398 million for the three months ended June 30, 2026, against $5,082 million a year earlier, net income of $389 million, against a loss of $39 million, and diluted EPS of $0.83, against $(0.10). It also reported adjusted EBITDA of $1,045 million and adjusted diluted EPS of $1.23, both non-GAAP measures.
- What is Amcor's outlook?
- Amcor is moving its fiscal year end from June 30 to December 31 and will report a six-month transition period from July 1, 2026 to December 31, 2026. In its August 12, 2026 release it said it expects Adjusted EPS of approximately $1.80 to $1.90 for the transition period and leverage on December 31, 2026 of 3.5x - 3.6x, not taking into account potential portfolio optimization actions not announced to date. These are the company's own non-GAAP projections, not reported results.
- Does Amcor pay a dividend?
- Yes. Dividends declared were $2.5875 per share in fiscal year 2026 and dividends paid totaled $1,195 million (10-K). On August 12, 2026 the board declared a quarterly cash dividend of 65.0 cents per share, payable on September 24, 2026 (release).
- Who runs Amcor?
- Peter Konieczny is Chief Executive Officer (Principal Executive Officer) and Stephen R. Scherger is Executive Vice President and Chief Financial Officer (Principal Financial Officer); both certified Amcor's 10-K for the fiscal year ended June 30, 2026.
Sources
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2026, Aug 14, 2026
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2026: Cover Page (XBRL financial report R1), Aug 14, 2026
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2026: Consolidated Statements of Income (XBRL financial report R3), Aug 14, 2026
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2026: Earnings Per Share Computations note (XBRL financial report R29), Aug 14, 2026
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2026: Consolidated Statements of Cash Flows (XBRL financial report R8), Aug 14, 2026
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2026: Segments note (XBRL financial report R31), Aug 14, 2026
- Amcor plc (SEC filing), Amcor plc Form 8-K filed August 12, 2026, Item 2.02, Exhibit 99.1: press release, Amcor Reports Strong Fourth Quarter and Full-Year Results, Aug 12, 2026
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2026, Exhibit 31.1: certification of the Chief Executive Officer, Aug 14, 2026
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2026, Exhibit 31.2: certification of the Executive Vice President and Chief Financial Officer, Aug 14, 2026
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2026: Consolidated Statements of Equity (Parenthetical) (XBRL financial report R10), Aug 14, 2026
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2026: Consolidated Balance Sheets (XBRL financial report R6), Aug 14, 2026
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2022: Consolidated Statements of Income (XBRL financial report R3), Aug 18, 2022
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2023: Consolidated Statements of Income (XBRL financial report R3), Aug 17, 2023
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2024: Consolidated Statements of Income (XBRL financial report R3), Aug 16, 2024
- Amcor plc (SEC filing), Amcor plc Form 10-K for the fiscal year ended June 30, 2025: Consolidated Statements of Income (XBRL financial report R3), Aug 15, 2025
Figures last checked against the sources above on . General information, not investment advice.
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