Amrize AG Q3 2026 earnings: revenue and EPS fall short, guidance trimmed

October 28, 2026

Amrize's Q3 2026 revenue and earnings per share both fell short of analyst estimates, and the company trimmed its full-year outlook citing wet weather and rising fuel costs.

Key takeaways

• Both headline numbers landed below what analysts had modeled for the quarter: revenue came in at about $3.77 billion versus a roughly $3.9 billion estimate, and earnings per share of $1.02 came in under the roughly $1.07 estimate. Revenue and profit still grew modestly versus a year earlier, but not by as much as Wall Street had expected.
• Unusually wet weather across the Northeast, South and Central U.S. slowed construction activity during the quarter, cutting cement shipment volumes by roughly 4.2% even as the company pushed prices higher.
• Higher prices partly offset the weaker volumes: cement prices rose about 1.8% and aggregates (crushed stone, sand and gravel) prices rose nearly 7%. At the same time, oil-driven increases in freight and fuel costs took an estimated $97 million out of adjusted earnings.
• Amrize closed its acquisition of ready-mix concrete producer Rapid Redi-Mix in the Dallas-Fort Worth area during the quarter, adding to growth from recent deal-making alongside organic pricing gains.
• The company trimmed its full-year 2026 outlook, now expecting revenue of $12.2 billion to $12.4 billion and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization — a rough measure of underlying operating cash profit) of $2.95 billion to $3.05 billion, down from the $12.5 billion to $12.7 billion and $3.1 billion to $3.2 billion ranges given after the second quarter. Management pointed to continued cost inflation and elevated interest rates as the reasons for the cut.
• The margin figures in the fundamentals table show a business that converts a meaningful share of sales into profit — operating margin near 15% and net profit margin approaching 10% over the trailing year — typical of an established building-materials producer, even as this quarter’s weather and fuel costs squeezed results.
• The board declared a quarterly dividend of $0.11 per share, continuing shareholder payouts alongside the acquisition spending.
• Shares fell in after-hours trading following the release, reflecting investor disappointment with the revenue shortfall and the softer full-year outlook.

How the stock took it

Amrize AG closed at $40.23 on Oct 27, 2026, the last session before the report, and at $41.61 on Oct 29, 2026, the first session after it — +3.4% across the report.

Closes from the market's daily record. Each figure spans the report date — from the last session that closed before it to the first that closed after — because a company may report before the open or after the close.

Fundamentals

Sources: company report · Chartmill · Rallies.ai