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Amrize reported Q2 FY2026 revenue of $3.5 billion, which was 3.73% above the consensus revenue estimate of $3.4 billion. The company reported adjusted EPS, as the consensus counts it, of $0.88, which was 4.35% below the consensus estimate of $0.92. Amrize’s filing shows revenue increased 8.58% from $3.2 billion in Q2 FY2025, driven primarily by volume growth, acquisition contributions, price increases and favorable foreign exchange.
The filing attributes growth in Building Materials and Building Envelope revenue to volume growth, while it says Building Envelope pricing was lower year over year. Amrize reported diluted EPS of $0.86, compared with $0.78 a year earlier. The company reported gross margin of 28.4%, versus 29.2% in Q2 FY2025, and operating margin of 20.3%, versus 20.4%. Amrize reported free cash flow of $168.0 million, compared with $176.0 million a year earlier. The filing said higher freight, diesel and raw-material costs, as well as increased warranty accruals, increased costs of revenue.
| Q2 FY2026 | Q2 FY2025 | Change | |
|---|---|---|---|
| Revenue | $3.5 billion | $3.2 billion | 8.58% |
| Diluted EPS | $0.86 | $0.78 | 10.3% |
| Gross margin | 28.4% | 29.2% | −0.8 percentage points |
| Operating margin | 20.3% | 20.4% | 0.0 percentage points |
| Free cash flow | $168.0 million | $176.0 million | −4.55% |
| Against the consensus | Reported | Consensus | Result |
|---|---|---|---|
| Adjusted EPS | $0.88 | $0.92 | Missed by 4.35% |
| Revenue | $3.5 billion | $3.4 billion | Beat by 3.73% |
Adjusted EPS is the figure the consensus estimates, not the GAAP EPS above.
What management said on the call
Amrize did not provide an earnings-call transcript or other latest-call commentary in the supplied material.
Guidance
Amrize said it updated FY2026 guidance to revenue of $12.5 billion to $12.7 billion and adjusted EBITDA of $3.1 billion to $3.2 billion. The company expects a non-GAAP tax rate of 23.0% to 25.0% and capital expenditures of $900.0 million. Amrize also said it continues to expect cement-volume growth and low-single-digit commercial-roofing volume growth in FY2026.
| Metric | For | Guide | Previous guide | Change |
|---|---|---|---|---|
| Units, Commercial Roofing | FY2026 | Amrize expects low-single-digit commercial roofing volume growth in FY2026. | — | — |
| Units, Cement | FY2026 | Amrize expects cement volumes to grow in FY2026. | — | — |
| Tax rate, non-GAAP | FY2026 | 23.0%–25.0% | — | New |
| Capex | FY2026 | $900.0 million | — | New |
| EBITDA, non-GAAP | FY2026 | $3.1 billion–$3.2 billion | — | New |
| Revenue | FY2026 | $12.5 billion–$12.7 billion | — | New |