Avery Dennison

Q2 FY2026 EarningsQ2 FY26 results beat consensus across the board, with revenue reaching $2,462.9M (+7.3% vs. expected) and normalized EPS of $2.67 exceeding the $2.47 mean estimate. The Materials Group drove performance with 10% organic growth fueled by customer restocking, while gross margin of 29.61% significantly outperformed the 28.54% consensus. Operating cash flow of $544.7M (H1) and a dividend hike to $1.00/share signal robust financial health despite higher restructuring charges and tax headwinds.