← Who reports today · Materials
AVY · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 10.9% y/y to $2.46B, operating margin 13.6% vs 12.9%, net income $204M (+8.0% y/y).
Net income
$204M
up 8.0% y/y
Net sales
$2,463M
up 10.9% y/y
Operating income (calculated)
$335M
up 16.7% y/y
Gross profit
$729M
up 14.1% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Net sales | $2,463 · +10.9% |
| Cost of products sold | $1,734 · +9.6% |
| Gross profit | $729 · +14.1% · 29.6% margin |
| Marketing, general and administrative expense | $395 · +12.0% |
| Operating income (calculated) | $335 · +16.7% · 13.6% margin |
| Other expense (income), net | $21.1 · ×42 |
| Interest expense | $35.9 · +5.6% |
| Other non-operating expense (income), net | $5.1 · +54.5% |
| Income before taxes | $283 · +10.6% |
| Provision for income taxes | $78.6 · +18.2% · 27.8% effective rate |
| Net income | $204 · +8.0% · 8.3% margin |
Verdict: revenue grew 10.9% y/y to $2.46B, operating margin 13.6% vs 12.9%, net income $204M (+8.0% y/y).
Source and notation
Source: Avery Dennison press release, 8-K EX-99.1 of 07/30/2026 (SEC EDGAR). Every figure was matched against the income statement in the release and checked against SEC XBRL. Operating income is calculated (revenue less costs and operating expenses): the release does not report it.
Open as an image: AVY, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
Cite / embed this chart
Free to use in articles, research and social posts with credit to Who Reports Today and a link — licensed under CC BY 4.0 (terms).
Chart: “AVY Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/avy/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/avy/q2-2026"><img src="https://whoreportstoday.com/t/avy/q2-2026/sankey.png" alt="AVY Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/avy/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
https://whoreportstoday.com/t/avy/q2-2026/sankey.png
<a href="https://whoreportstoday.com/t/avy/q2-2026">AVY Q2 2026 earnings chart (Who Reports Today)</a>
This is an archived report: the image at this link won’t change. If you change the chart (crop, translate), say so in the credit. Company logos and trademarks are not covered by the license.
- Gross margin was 29.6% vs 28.8% a year earlier.
- Operating income was $335M, a 13.6% margin vs 12.9% a year earlier.
- The effective tax rate was 27.8% vs 26.0% a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
AVY — a materials science company that makes pressure-sensitive label and packaging materials, graphics and reflective films, and tapes and adhesives, and supplies apparel brands and retailers with branding labels, tags and RFID inlays.
It earns money in two segments: Materials Group, about 69% of 2025 net sales, and Solutions Group (apparel branding, embellishments and RFID-based identification). · Source: annual report (Form 10-K, SEC)
More reports: BALL · Q2 2026 · CF · Q2 2026 · CRH · Q3 2026 · DOW · Q3 2026 · ECL · Q3 2026 · FCX · Q3 2026 · IFF · Q2 2026 · IP · Q3 2026 · LIN · Q2 2026 · LYB · Q2 2026 · all reports