01—Abstract
Summary
Summary of the 10-Q filed August 10, 2026. Cited figures are marked; the original filing is the authoritative source.
Amrize Ltd (AMRZ) reported a strong second quarter and first half of 2026, demonstrating robust revenue growth and improved profitability.
For the three months ended June 30, 2026, revenues increased by 8.6% to $3,494 milliona, driven by volume growth and contributions from acquisitions. Net income saw a significant jump of 14.6% to $478 million, or $0.86 per diluted share. The company also improved its net income margin to 13.6%.
For the six months ended June 30, 2026, revenues grew by 6.9% to $5,675 millionb, with net income attributable to the Company increasing by 15.5% to $373 million. The company's strategic focus on its Building Envelope segment, alongside continued strength in Building Materials, appears to be driving positive financial performance. Despite some cost pressures, including higher raw material and distribution costs, Amrize managed these effectively, resulting in enhanced profitability.
The company also reported progress in its transition to a standalone entity following its spin-off from Holcim in June 2025. Financially, Amrize maintained a solid balance sheet, though cash and cash equivalents decreased significantly from $1,922 million at the end of 2025 to $729 millionc at the end of the second quarter of 2026, primarily due to operating and investing activities.
The company also actively repurchased shares during the quarter, signaling confidence in its valuation. Investors should note the company's ongoing efforts to manage costs and integrate acquisitions, which are key to sustaining this positive momentum.
02—Key points
Key Highlights
- Revenues increased by 8.6% to $3,494 million for the three months ended June 30, 2026, compared to $3,218 million in the prior year period.
- Net income attributable to the Company grew by 14.6% to $478 million for the three months ended June 30, 2026, compared to $417 million in the prior year period.
- Diluted earnings per share increased to $0.86 for the three months ended June 30, 2026, up from $0.75 in the prior year period.
- The Building Materials segment showed strong revenue growth of 8.2% for the quarter, while the Building Envelope segment revenue increased by 9.4%.
- The company reported $735 million in short-term borrowings as of June 30, 2026, indicating active utilization of its commercial paper program.
- Amrize Ltd repurchased approximately 3.76 million shares of common stock during the second quarter of 2026 under its $1.0 billion authorization.
- The company's effective income tax rate for the quarter was 23.5%, up slightly from 22.7% in the prior year period.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q2 FY2026, Amrize kept $0.14.
- Revenue$3.49B100.0%
- Cost of revenue−$2.50B71.6%
- Gross profit$993.0M28.4%
- Operating costs−$282.0M8.1%
- Operating income$711.0M20.3%
- Interest, other & tax−$233.0M6.7%
- Net income$478.0M13.7%
04—Financials
Financial Highlights
Figures from 10-QQ2 FY2026filed August 10, 2026Financial Statements
Q2 FY2026 against Q2 FY2025
| Line item | Q2 FY2026Q2 FY2025 | Change |
|---|---|---|
| Revenue | $3.49B$3.22B | +8.6% |
| Cost of Revenue | $2.50B$2.28B | +9.8% |
| Gross Profit | $993.00M$941.00M | +5.5% |
| SG&A Expenses | $283.00M$286.00M | −1.0% |
| Operating Income | $711.00M$657.00M | +8.2% |
| Interest Expense | $78.00M$54.00M | +44.4% |
| Net Income | $478.00M$416.00M | +14.9% |
| EPS (Basic) | $0.87$0.75 | +16.0% |
| EPS (Diluted) | $0.86$0.75 | +14.7% |
| Shares Outstanding (Basic) | 552.50M553.10M | −0.1% |
| Shares Outstanding (Diluted) | 553.60M553.10M | +0.1% |
05—Questions
Frequently Asked Questions
What were the primary drivers of Amrize Ltd's revenue growth in the second quarter of 2026?
Amrize Ltd's revenue growth of 8.6% for the three months ended June 30, 2026, was primarily driven by volume growth of $200 million, contributions from acquisitions of $54 million, and price increases of $16 million. Favorable foreign exchange also contributed $6 million.
How has Amrize Ltd's profitability changed compared to the previous year?
Profitability has improved significantly. Net income attributable to the Company increased by 14.6% to $478 million for the three months ended June 30, 2026, compared to $417 million in the prior year. The net income margin also improved to 13.6% from 12.9%.
What is the company's current cash position and how has it changed?
Amrize Ltd's cash and cash equivalents decreased from $1,922 million as of December 31, 2025, to $729 million as of June 30, 2026. This decrease was primarily due to net cash used in operating activities and significant cash outflows for investing activities, including acquisitions.
What is the company's debt structure and leverage?
As of June 30, 2026, Amrize Ltd had $4,235 million in long-term debt and $735 million in short-term borrowings under its commercial paper program. The company's debt instruments include covenants, such as a Consolidated Net Leverage Ratio of no more than 3.75 to 1, and the company reported compliance with these covenants as of the reporting date.
What are the key segments of Amrize Ltd's business, and how did they perform?
Amrize Ltd operates in two reportable segments: Building Materials and Building Envelope. The Building Materials segment saw revenue growth of 8.2% for the quarter, driven by volume, acquisitions, and price increases. The Building Envelope segment also experienced strong revenue growth of 9.4%, primarily due to volumes, although it was partially offset by lower pricing which the company expects to improve sequentially.
06—Continue