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Amcor (AMCR) Q1 FY2027 earnings: revenue $6.1 billion, up 6.7% on the year

Amcor plc (AMCR) reported revenue of $6.1 billion for Q1 FY2027, the quarter ended 30 September 2026, up 6.7% on the same quarter a year earlier. Net income was $242 million, down 7.6% on the year, and diluted earnings per share $0.52. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.

Revenue
$6.1 billion
+6.7% on the year · -4.2% on the quarter
Q2 FY2025Q1 FY2027
Operating margin
7.4%
8.0% a year earlier
Q2 FY2025Q1 FY2027
Net income
$242 million
-7.6% on the year · -37.8% on the quarter
Q2 FY2025Q1 FY2027
Diluted EPS
$0.52
-8.0% on the year · -37.3% on the quarter
Q2 FY2025Q1 FY2027

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 1 lowered.

  • Net sales up 7% on pass-through: Pass-through of raw material costs added about 8% to net sales, and volumes and price/mix about 1%. Divestitures took about 2% off, and currency added about 1%.
  • Adjusted diluted EPS $0.95: Adjusted diluted EPS was $0.95, against $0.97 a year earlier, down 2% reported and 3% at constant currency. Adjusted EBITDA was $883 million; management said it was flat excluding a $21 million divestment impact.
  • Adjusted EBIT flat at $689 million: Adjusted EBIT was $689 million, in line with last year at constant currency, including about $17 million of divestiture impact. Adjusted EBIT margin was 11.2%, against 12.0% a year earlier.
Read the earnings call summary

Income statement (profit and loss)

$ millionQ1 FY2027Q4 FY2026Q1 FY2026On the quarterOn the yearLast 8 quarters
Revenue6,1296,3985,745-4.2%+6.7%
Cost of revenue4,9705,0614,621-1.8%+7.6%
Gross profit1,1591,3371,124-13.3%+3.1%
Gross margin18.9%20.9%19.6%
Research and development41.042.046.0-2.4%-10.9%
Selling, general and administrative468568435-17.6%+7.6%
Operating income454646461-29.7%-1.5%
Operating margin7.4%10.1%8.0%
Interest expense166169168-1.8%-1.2%
Pre-tax income299485309-38.4%-3.2%
Income tax58.097.049.0-40.2%+18.4%
Effective tax rate19.4%20.0%15.9%
Net income242389262-37.8%-7.6%
Net margin3.9%6.1%4.6%
Diluted EPS$0.52$0.83$0.56-37.3%-8.0%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ1 FY2027Q4 FY2026Q1 FY2026On the quarterOn the yearLast 8 quarters
Operating cash flow-5271,595-133
Capital expenditure301235238+28.1%+26.5%
Free cash flow-8281,360-371
Free cash flow margin-13.5%21.3%-6.5%
Cash from investing-30172.0-226
Cash from financing539-2,162358+50.6%
Depreciation and amortisation3653653640.0%+0.3%
Share-based compensation12.030.010.0-60.0%+20.0%
Dividends paid300301294-0.3%+2.0%
Dividend per share$0.65n/a$0.64+2.0%
Diluted shares, weighted465m465m463m0.0%+0.3%
Shares outstanding at period end462m462m462m0.0%+0.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ1 FY2027Q4 FY2026Q1 FY2026On the quarterOn the yearLast 8 quarters
Shareholders' equity11,73211,79011,718-0.5%+0.1%
Non-controlling interest11.011.012.00.0%-8.3%
Debt14,84314,01214,824+5.9%+0.1%
Operating lease liabilities819852916-3.9%-10.6%
Finance lease liabilitiesn/a31.0n/a
Other liabilities9,44710,3999,677-9.2%-2.4%
Total liabilities and equity36,85237,09537,147-0.7%-0.8%
Goodwill12,06012,07511,422-0.1%+5.6%
Intangible assets6,4486,5887,158-2.1%-9.9%
Cash and equivalents8321,115825-25.4%+0.8%
Receivables3,7523,6393,430+3.1%+9.4%
Other assets13,76013,67814,312+0.6%-3.9%
Total assets36,85237,09537,147-0.7%-0.8%

Questions

What was Amcor's revenue in Q1 FY2027?

Amcor (AMCR) reported revenue of $6.1 billion for Q1 FY2027, the quarter ended 30 September 2026, up 6.7% on the same quarter a year earlier.

How much did Amcor earn in Q1 FY2027?

Net income for Q1 FY2027 was $242 million, down 7.6% on the year, and diluted earnings per share $0.52.

When did Amcor report Q1 FY2027 results?

Amcor filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.

Quarterly results, the last 20 quarters

Q2 FY2022Q3 FY2022Q4 FY2022 *Q1 FY2023Q2 FY2023Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024Q1 FY2025 †Q2 FY2025 †Q3 FY2025 †Q4 FY2025Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027
Revenue3,5073,7083,9093,7123,6423,6673,6733,4433,2513,4113,5353,3533,2413,3335,0825,7455,4495,9146,3986,129
Cost of revenue2,8622,9773,1153,0442,9802,9942,9512,7982,6302,7192,7812,6942,6152,679n/a4,6214,4104,7245,0614,970
Gross profit6457317946686626737226456216927546596266548951,1241,0391,1901,3371,159
Gross margin18%20%20%18%18%18%20%19%19%20%21%20%19%20%18%20%19%20%21%19%
R&D23.024.024.025.024.027.025.027.028.025.026.028.027.027.0n/a46.038.044.042.041.0
SG&A303326342302298317329302299330329276255266n/a435440488568468
Operating income322369252342559282325270242307395312297313n/a461331461646454
Operating margin9%10%6%9%15%8%9%8%7%9%11%9%9%9%n/a8%6%8%10%7%
Interest expense39.036.044.059.079.086.066.085.089.089.085.086.081.085.0144168169170169166
Pre-tax income290343216292494213252194165230318236224237n/a309178310485299
Tax rate21%21%48%20%7%16%27%20%17%17%18%18%26%17%n/a16%2%10%20%19%
Net income225269109232459177180152134187257191163196-39.0262177278389242
Net margin6%7%3%6%13%5%5%4%4%5%7%6%5%6%-1%5%3%5%6%4%
Diluted EPS$0.74$0.89$0.36$0.78$1.53$0.59$0.61$0.53$0.46$0.65$0.89 basic$0.66$0.56$0.68-$0.10 basic$0.56$0.38$0.60$0.83$0.52
Operating cash flow435266937-260405184932-135363150943-269428117n/a-1335031861,595-527
Capital expenditure11011815415298.013214412412111313414598.0117n/a238221228235301
Free cash flow325148783-41230752.0788-25924237.0809-4143300.0n/a-371282-42.01,360-828
Buybacks2311281780.040.016023230.00.00.00.00.00.00.0n/an/an/an/an/an/a
Dividends paid185182182181184180178176185181180180186184n/a294300300301300
Shares outstanding303m301m298m298m297m294m290m289m289m289m461m289m289m289m461m462m462m462m462m462m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.