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Avery Dennison Corporation
AVY - NYSE - $163.51 (as of ) ▼ -1.22%
-
Earnings Tue 28 Jul
Note: this preview was published before the 2026-07-28 earnings report. Results have since been released — verify against the latest filings.

Avery Dennison Corporation (AVY) Q2 FY26 earnings preview — archived, published May 9, 2026

The median of 3 price targets is $222[FMP target], stock is $164, +35.5% vs the analyst consensus median. Q1 FY26 EPS $2.47 vs $2.41 estimate: beat (+2.5%)[FMP earnings]. Stock move on D+1: -2.1%.

↓ summary below
Quick Take - in 40 seconds ·
B+
Council 4/6 - Historical V1 score 44

B+ — FMP rating [FMP ratings]. Form 4: unavailable[FMP Form 4].

Quick Answer

Avery Dennison Corporation (AVY) Q2 consensus: revenue $2.3B[FMP est], EPS $2.47[FMP est]. 4 consecutive quarters of beat[FMP earnings].

$2.47 EPS Estimate Last year $2.42 - +2% YoY
4 Beat Streak Expectations beaten consecutively for the last 4 quarters

Q1 FY26 EPS $2.47 vs $2.41 estimate: beat (+2.5%)[FMP]. Stock move on D+1: -2.1%[FMP D+1].

Watchlist

5 metrics stand out this quarter.

11% Investor Focus

Materials Group Sales Growth

materials_group_sales_growth

Materials Group reported approximately 2% organic sales growth in the first quarter.

"Materials Group delivered reported sales growth of 11% over the prior year. On an organic basis, sales grew approximately 2%, driven by mid single-digit volume and mix growth that was partially offset by deflation-related price reductions."

- Deon M. Stander, President and Chief Executive Officer - Q1 FY26 Earnings Call - April 28, 2026
$2.43 Expectation / Guide

Q2 Eps Guidance

q2_eps_guidance

Avery Dennison expects adjusted earnings per share in the range of $2.43 to $2.53 for the second quarter.

"We expect adjusted earnings per share in the range of $2.43 to $2.53, representing approximately 3% growth year over year at the midpoint."

- Gregory S. Lovins, Senior Vice President and Chief Financial Officer - Q1 FY26 Earnings Call - April 28, 2026
2026 Expectation / Guide

Intelligent Labels Growth Outlook

intelligent_labels_growth_outlook

Avery Dennison expects its enterprise Intelligent Labels platform to outpace 2025 growth in 2026, with performance more heavily weighted towards the second half of the year.

"Looking ahead, we continue to expect 2026 growth for our enterprise Intelligent Labels to outpace 2025, with performance more heavily weighted towards the second half of the year as major programs scale."

- Deon M. Stander, President and Chief Executive Officer - Q1 FY26 Earnings Call - April 28, 2026
1% Investor Focus

Organic Sales Growth Q1

organic_sales_growth_q1

Avery Dennison reported a 1% organic sales growth in the first quarter.

"We delivered a strong start to 2026, with first quarter organic sales up 1%, driven by mid single-digit volume/mix growth, and adjusted EPS up 7% year over year."

- Deon M. Stander, President and Chief Executive Officer - Q1 FY26 Earnings Call - April 28, 2026
3% Investor Focus

Solutions Group Sales Decline

solutions_group_sales_decline

Solutions Group's organic sales decreased by 1% in the first quarter.

"In the Solutions Group, reported sales for the quarter decreased 3%, with sales down 1% on an organic basis."

- Deon M. Stander, President and Chief Executive Officer - Q1 FY26 Earnings Call - April 28, 2026

Stock Expert AI - Methodology

Do our scoring pillars, 6 perspectives, and Munger lens point in the same direction?

Council Score 4 / 6 Bullish

6 investor frameworks. 4 bullish (Ray Dalio, Klarman, Buffett, Munger), 1 bearish (Ken Griffin), 1 neutral (Jim Simons).

How is it calculated? ->
Ray Dalio macro - target upside +35.5%
Ken Griffin flow - 50d MA below
Jim Simons quant - RSI 43
Klarman value - target upside +35.5%
Buffett quality - ROE score 5/5
Munger valuation - target upside +35.5%
Munger's Mindset character & balance sheet lens
Undervalued

Quality business, discounted price.

How is it calculated? ->
Financial HealthModerate
Margin of SafetyStrong
Interest CoverageAdequate
ROIC vs WACCHealthy
Technical Levels - Pre-earnings positioning

What levels is the stock being tested at?

RSI(14)
43.1 RSI 43.1 weak momentum, 50d below
MACD
-4.30 price below 50d - resistance dominant
50d MA
$171 stock 4.3% below - short-term resistance
200d MA
$175 stock 6.4% below - long-term pressure
Volume (10d)
-30% decrease - low participation
Resistance
$222
Analyst median target - upgrade trigger if broken
Current
$164
Pre-earnings position
Support
$148
Invalidation - close below this is a technical breakdown
Pattern
Range
$148-$222 band - earnings breakout/breakdown trigger

Past Performance

4 quarters shown.

BEAT
Q2 FY25
$2.42 vs $2.39 est · Next-day price move: -1.1%
BEAT
Q3 FY25
$2.37 vs $2.33 est · Next-day price move: +4.0%
BEAT
Q4 FY25
$2.45 vs $2.40 est · Next-day price move: -0.1%
BEAT
Q1 FY26
$2.47 vs $2.41 est · Next-day price move: -2.1%

Q1 FY26 (April 28, 2026) EPS $2.47 vs $2.41 estimate: beat (+2.5%)[FMP]. Stock move on D+1: -2.1%[FMP D+1].

Three scenarios: what could happen?

EPS < $2.40 (no guidance)

Q1 FY26 EPS $2.47 vs $2.41 estimate: beat (+2.5%)[FMP]. Stock move on D+1: -2.1%[FMP].

Backlog concentration

No RPO/backlog concentration disclosed in Q1 earnings call.

CapEx shock

Q1 CapEx $28.3M[FMP cashflow]. Q1 op margin 11.8%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.

Framework - Position discipline

After the data arrives: 3 scenarios, 3 windows

Not advice - a structural framework for earnings night. Decision discipline is yours.

Scenario A - Beat
Q2 EPS > $2.47 + CapEx discipline
Threshold: EPS > $2.47[FMP est].
Target: Break above median target $222[FMP target]; high target $224[FMP] upper bound.
Scenario B - In-Line
EPS approx $2.47 + CapEx < $28.3M
Threshold: EPS approx $2.47[FMP est], Q4 CapEx < $28.3M[FMP].
Target: Consolidation in the band between current $164[FMP] and median $222[FMP].
Scenario C - Miss
EPS < $2.40 or CapEx >= $28.3M
Threshold: EPS < $2.40[FMP estx0.97].
Current price $164 — below SMA200 $175 [FMP].

Market Outlook

What do analysts say? 3 price targets · 11 ratings

Wall Street Consensus
$222
12-month median target price (+35.5% gap to the analyst consensus median)
9
BUY
2
HOLD
0
SELL
Risk Management
$148
Invalidation level - critical support threshold
$171 - 50-day MA (below, -4.3%)
$175 - 200-day MA (below, -6.4%)
IV Crush risk (sudden drop in inflated option premiums before earnings): Option premiums are inflated before earnings.
Verdict - AVY Q2 FY26
B+

You read it in 5 minutes. When the numbers come out on Tuesday evening - you know what you're looking at.

Data arrives at night. The framework is ready now.

Data arrives on Tuesday evening. The framework is ready on this page: Q2 EPS threshold $2.47[FMP], CapEx threshold "below $28.3M". Two anchors, three scenarios.

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Educational tool, not investment advice. Past performance does not guarantee future results.

Calendar

Catalyst Calendar - 90-day forward look

Jul 28, 2026EARNINGSQ2 FY26 results (after market close) + earnings call
Jul 29, 2026PRICEFirst trading day after earnings - 200dMA test + IV crush
Aug 9, 2026 – Aug 14, 2026FILING10-Q due within 40–45 days of quarter end (by Aug 9, 2026 – Aug 14, 2026); the exact deadline depends on filer status
~Oct 28, 2026EARNINGSQ3 FY26 (next quarter, date not yet scheduled in FMP)

DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.

Frequently Asked Questions

What does the AVY Q2 FY26 earnings preview cover?

This Avery Dennison Corporation (AVY) Q2 FY26 earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.

What should investors watch for in AVY Q2 FY26 earnings?

Avery Dennison Corporation (AVY): Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.

Where do the numbers on this page come from?

Avery Dennison Corporation (AVY): Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.

Is this a buy or sell recommendation?

Avery Dennison Corporation (AVY): No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.

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