Amcor shares rise 5.64% intraday on strong Q2 results, synergy-driven growth, and reaffirmed 2026 guidance.

Amcor surged 5.64% intraday following the release of robust Q2 fiscal 2026 results, which reaffirmed guidance for adjusted EPS of $4.00–$4.15 and $1.8–$1.9 billion in free cash flow. The company reported a 7% year-over-year increase in adjusted EPS to $0.86, driven by $55 million in synergy benefits from the Berry acquisition and strong EBITDA growth. Baird’s upgraded price target to $54 (from $50) further underscored optimism, citing low double-digit earnings growth from acquisition synergies and improved volume fundamentals. The stock’s intraday rally aligned with positive analyst sentiment and management’s confidence in operational execution, despite a revenue miss, as investors focused on earnings strength and long-term guidance.