Amcor delivered net sales of $5,449 million in Q2 of fiscal 2026, representing a 68% year-over-year increase driven predominantly by the April 2025 Berry Global acquisition, which contributed approximately $2.2 billion in incremental sales. On a constant-currency basis, net sales rose 63%, with raw material pass-through effects neutral and a 3% volume decline reflecting non-core divestments and integration adjustments.

Adjusted EBITDA reached $826 million, up 83% versus the prior year, while adjusted EBIT climbed 66% to $603 million. The adjusted EBITDA margin expanded to 15.2% from 14.0%, aided by $55 million of acquisition synergies—at the upper end of expectations—alongside disciplined cost management. GAAP net income was $177 million, producing diluted EPS of $0.38, notwithstanding $69 million in transaction and integration costs.

Amcor generated free cash flow of $289 million in the quarter, after funding $69 million of Berry transaction, restructuring and integration outlays. Net debt stood at $14.08 billion as of December 31, 2025, reflecting increased acquisition-related leverage. Adjusted free cash flow conversion remains strong, supporting ongoing deleveraging and reinvestment potential.

The company reaffirmed its fiscal 2026 targets of adjusted EPS of $4.00 to $4.15 (12–17% constant-currency growth) and free cash flow between $1.8 billion and $1.9 billion, inclusive of a full year of Berry ownership. A quarterly dividend of $0.65 per share has been declared, up from $0.6375 last year (pre–reverse split), underscoring confidence in cash flow and long-term value creation.