NYSE$AMBP
Ardagh Metal Packaging SA · Q2 2026 earnings
Q2 2026 earnings · · Before market open
Briefing
Ardagh Metal Packaging SA reported Q2 2026 revenue of $1.713 billion and Adjusted EBITDA of $240 million, up 14% year-over-year.
The company posted strong Q2 results with revenue growth of 18% to $1,713 million driven by input cost pass-through and volume/mix effects. Adjusted EBITDA rose 14% to $240 million, exceeding guidance, primarily from Europe outperformance. Global beverage can shipments declined 1% year-over-year but the company raised full-year 2026 Adjusted EBITDA guidance to $775-790 million.
- Revenue increased 18% to $1,713 million; Adjusted EBITDA grew 14% to $240 million, ahead of guidance.
- Europe Adjusted EBITDA surged 36% to $105 million on favorable cost recovery and 5% volume growth; Americas rose 2% to $135 million.
- Global shipments down 1% YoY due to North America contract resets and Brazil softness, offset by Europe strength.
- Raised FY2026 Adjusted EBITDA guidance to $775-790 million; Q3 expected at $200-210 million; net debt/EBITDA improved to 5.2x.
Headline financials
Revenue & EPS history
Ardagh · Revenue · Quarterly
$1.71B
Revenue by segment
Ardagh · $1.71B total across 2 segments · Q2 2026
- Americas$1.02B+20.8%59.3%
- Europe$698M+13.5%40.7%
Forward guidance
Raised full-year 2026 Adjusted EBITDA guidance to $775-790 million assuming modest global shipments growth; Q3 expected $200-210 million.
Tailwinds
- Strong Europe performance and cost recovery driving outperformance.
- Improved metal supply conditions in North America for H2.
- Upgraded FY guidance despite macro uncertainty.
Headwinds
- Expected reversal of favorable H1 timing factors in H2.
- Potential inflationary headwinds from Middle East conflict.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 5 quarterly earnings reports
-0.4%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+0.0%
Avg return
30 days after
20%
1 / 5 earnings
Positive
+30.4%
Q1 2025
Best reaction
-16.4%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q4 2026 | +0.0% | +2.1% | +4.4% | |
| Q2 2025 | -16.4% | -14.2% | -18.7% | |
| Q1 2025 | +30.4% | +37.0% | +38.8% | |
| Q3 2024 | -6.7% | -10.7% | -11.0% | |
| Q4 2024 | -9.4% | -14.5% | -13.2% |
Discussion
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