Jun 2026 (Q2 FY26) — Aug 4, 2026
Ball Corporation Q2 FY26 — Strong EPS Growth and Volume Momentum
Read the full callBall (BALL) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Ball earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,997 | +19.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. |
Guidance
What management said, and what became of it
12 of 18 judged targets kept · 29 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Interest expense | In the range of $320 million for full year 2026 | Dec 2025 | Full year 2026 interest expense is expected to be in the range of $310 million. | Revised Up |
| Capital expenditures | In line with GAAP depreciation and amortization in 2026 | Dec 2025 | CapEx is expected to be in line with GAAP D&A in 2026. | On Track |
6 of BALL Corp's 47 targets were missed. See which ones, and which are quietly gone. The 2 above are the free sample; 45 more targets are in the full ledger.
Claimed
- Global volumes improved 4.3% year-over-year, with growth across all regions, reflecting continued momentum.
- Comparable operating earnings grew 7.7% year-over-year, supported by disciplined cost management and commercial performance.
- Comparable diluted EPS increased 14.4% year-over-year, driven by operating performance and capital allocation tailwinds.
- The company remains on track to return approximately $800 million to shareholders in 2026.
- The Millersburg facility is now making commercial cans and is on track for full ramp-up in 2027.
Qualified
- North and Central America segment comparable operating earnings declined 2.4% year-over-year due to higher costs, including approximately $5 million in start-up costs.
- North America capacity remains "notably tight" due to high utilization rates and the ongoing ramp-up of new facilities.
- Full year start-up costs for the Millersburg facility are expected to total approximately $35 million, with roughly $30 million anticipated in the second half of 2026.
Price
$62.8 +3.92% · +$2.37
Performance +32.0% 1Y
1Y: $47.58 on 14 Oct 2025 → $62.8. High $67.76 (10 Feb 2026), low $46.41 (10 Nov 2025).
- Previous close
- $60.43
- 52-week range
- $46.41 – $67.76
- One year
- +32.07%
Overview
- Symbol
- BALL
- Sector
- Consumer Discretionary
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
12 of 18 judged targets kept · 29 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Interest expense | In the range of $320 million for full year 2026 | Dec 2025 | Full year 2026 interest expense is expected to be in the range of $310 million. | Revised Up |
| Capital expenditures | In line with GAAP depreciation and amortization in 2026 | Dec 2025 | CapEx is expected to be in line with GAAP D&A in 2026. | On Track |
Claimed
- Global volumes improved 4.3% year-over-year, with growth across all regions, reflecting continued momentum.
- Comparable operating earnings grew 7.7% year-over-year, supported by disciplined cost management and commercial performance.
- Comparable diluted EPS increased 14.4% year-over-year, driven by operating performance and capital allocation tailwinds.
- The company remains on track to return approximately $800 million to shareholders in 2026.
- The Millersburg facility is now making commercial cans and is on track for full ramp-up in 2027.
Qualified
- North and Central America segment comparable operating earnings declined 2.4% year-over-year due to higher costs, including approximately $5 million in start-up costs.
- North America capacity remains "notably tight" due to high utilization rates and the ongoing ramp-up of new facilities.
- Full year start-up costs for the Millersburg facility are expected to total approximately $35 million, with roughly $30 million anticipated in the second half of 2026.
The full ledger
Open BALL Corp’s full ledger
A free account opens 5 company ledgers a month. All 47 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
Ball Corporation Q1 FY26 — Strong Start with Double-Digit EPS Growth and Operational Excellence
Read the full callEvery analysed call
Ball earnings calls (BALL)
Financials
What the filings say
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,082 | 2,880 | 3,097 | 3,338 | 3,379 | 3,347 | 3,603 | 3,997 |
| Profit before tax | 227 | 7 | 229 | 268 | 391 | 240 | 258 | 278 |
| Tax rate | 18.5% | 214.3% | 23.1% | 22.8% | 19.4% | 20.8% | 24.0% | 23.4% |
| EPS ($ per share) | 0.65 | -0.11 | 0.63 | 0.77 | 1.18 | — | 0.77 | 0.83 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1,157 | 1,178 | 1,167 | 1,220 | 1,260 | 1,312 | 1,395 | 1,422 |
| Reserves | 5,341 | 5,803 | 6,192 | 6,843 | 7,309 | 7,763 | 11,527 | 12,219 |
| Total liabilities | 12,992 | 14,341 | 14,915 | 16,029 | 16,382 | 15,466 | 11,698 | 14,103 |
| Fixed assets | 4,542 | 4,470 | 5,351 | 6,502 | 7,053 | 6,715 | 6,173 | 6,656 |
| Total assets | 16,554 | 17,360 | 18,252 | 19,714 | 19,909 | 19,303 | 17,628 | 19,524 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,566 | 1,548 | 1,432 | 1,760 | 301 | 1,863 | 115 | 1,262 |
| Cash from investing | -206 | -422 | -1,181 | -1,639 | -786 | -1,053 | 5,003 | -656 |
| Cash from financing | -1,040 | -46 | -602 | -894 | 485 | -662 | -4,790 | -344 |
| Net cash flow | 269 | 1,078 | -425 | -802 | -21 | 152 | 221 | 290 |
| Capital expenditure | -816 | -598 | -1,113 | -1,726 | -1,651 | -1,045 | -484 | -474 |
| Free cash flow | 750 | 950 | 319 | 34 | -1,350 | 818 | -369 | 788 |
BALL revenue by segment
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Metal Beverage Packaging North and Central America | 47% | 45% | 47% | 48% | 48% | 47% | 49% | 50% | +24.4% |
| Metal Beverage Packaging Europe | 31% | 29% | 29% | 31% | 31% | 29% | 31% | 31% | +18.3% |
| Metal Beverage Packaging South America | 16% | 20% | 18% | 14% | 15% | 19% | 16% | 15% | +23.9% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
42 filings between Dec 15, 2025 and Oct 13, 2026.
Open market
decisions to buy or sellPurchases
$100.1K
1 purchase by 1 insider
Sales
$2.34M
5 sales by 4 insiders
Compensation
not trading decisions- 9
- Award — granted as compensation
- 15
- Option exercise — converted options into shares
- 12
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Carey Nate C | — | $712.2K | Feb 5, 2026 |
| Pitre Kathleen | — | $710.3K | Mar 2, 2026 |
| Goodwin Deron | — | $555.2K | Aug 11, 2026 |
| Glew Mandy | — | $358.9K | Aug 25, 2026 |
| Villatoro Fauze | $100.1K | — | Mar 4, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 13, 2026 | Lim-Johnson Hannah S. SVP, CLO & CORP SEC | Option exercise | 6,477 | — |
| Oct 13, 2026 | Lim-Johnson Hannah S. SVP, CLO & CORP SEC | Tax withheld | 1,873 | $111.6K |
| Aug 25, 2026 | Glew Mandy SVP and President, EMEA | Sale | 5,626 | $358.9K |
| Aug 25, 2026 | Glew Mandy SVP and President, EMEA | Option exercise | 1,788 | $99.9K |
| Aug 25, 2026 | Glew Mandy SVP and President, EMEA | Option exercise | 2,278 | $129.0K |
| Aug 25, 2026 | Glew Mandy SVP and President, EMEA | Option exercise | 2,015 | $103.5K |
| Aug 11, 2026 | Goodwin Deron VP, Global Head of Treasury | Option exercise | 6,940 | $260.8K |
| Aug 11, 2026 | Goodwin Deron VP, Global Head of Treasury | Sale | 6,940 | $437.5K |
| Aug 11, 2026 | Goodwin Deron VP, Global Head of Treasury | Sale | 1,869 | $117.7K |
| Apr 30, 2026 | PANICHELLA JOHN E Director | Option exercise | 1,833 | $0 |
| Apr 30, 2026 | Penegor Todd Allan Director | Option exercise | 3,369 | $0 |
| Apr 30, 2026 | NIEKAMP CYNTHIA A Director | Option exercise | 3,369 | $0 |
| Apr 30, 2026 | Sapp Betty J. Director | Option exercise | 3,369 | $0 |
| Apr 30, 2026 | ERTER AARON M Director | Option exercise | 3,369 | $0 |
| Mar 4, 2026 | Villatoro Fauze SVP & President South America | Purchase | 1,551 | $100.1K |
| Mar 2, 2026 | Pitre Kathleen SVP & President NCA | Sale | 10,660 | $710.3K |
| Feb 5, 2026 | Carey Nate C Vice President & Controller | Option exercise | 1,734 | $0 |
| Feb 5, 2026 | Carey Nate C Vice President & Controller | Tax withheld | 6,676 | $441.9K |
| Feb 5, 2026 | Carey Nate C Vice President & Controller | Sale | 10,718 | $712.2K |
| Feb 5, 2026 | Carey Nate C Vice President & Controller | Option exercise | 7,607 | $0 |
| Jan 31, 2026 | Carey Nate C Vice President & Controller | Tax withheld | 1,420 | $80.8K |
| Jan 31, 2026 | Pitre Kathleen SVP & President NCA | Tax withheld | 2,161 | $122.9K |
| Jan 31, 2026 | Goodwin Deron VP, Global Head of Treasury | Tax withheld | 955 | $54.3K |
| Jan 31, 2026 | Rabbitt Daniel J. S.V.P & C.F.O | Tax withheld | 1,136 | $64.6K |
| Jan 31, 2026 | Lewis Ronald J. Chief Executive Officer | Tax withheld | 16,469 | $936.6K |
| Jan 31, 2026 | Causey Carey SVP & Chief Growth Officer | Tax withheld | 1,828 | $104.0K |
| Jan 31, 2026 | Glew Mandy SVP and President, EMEA | Tax withheld | 855 | $48.6K |
| Jan 27, 2026 | Villatoro Fauze SVP & President South America | Award | 1,610 | — |
| Jan 27, 2026 | Rabbitt Daniel J. S.V.P & C.F.O | Award | 3,532 | — |
| Jan 27, 2026 | Pitre Kathleen SVP & President NCA | Award | 7,062 | — |
| Jan 27, 2026 | Lewis Ronald J. Chief Executive Officer | Award | 20,138 | — |
| Jan 27, 2026 | Lewis Ronald J. Chief Executive Officer | Award | 23,306 | — |
| Jan 27, 2026 | Glew Mandy SVP and President, EMEA | Award | 1,818 | — |
| Jan 27, 2026 | Goodwin Deron VP, Global Head of Treasury | Award | 2,824 | — |
| Jan 27, 2026 | Carey Nate C Vice President & Controller | Award | 4,450 | — |
| Jan 27, 2026 | Causey Carey SVP & Chief Growth Officer | Award | 6,356 | — |
| Jan 16, 2026 | Causey Carey SVP & Chief Growth Officer | Tax withheld | 4,959 | $278.1K |
| Jan 16, 2026 | Causey Carey SVP & Chief Growth Officer | Option exercise | 6,800 | $381.3K |
| Dec 15, 2025 | Glew Mandy SVP and President, EMEA | Tax withheld | 133 | $6.9K |
| Dec 15, 2025 | Lewis Ronald J. Chief Executive Officer | Tax withheld | 1,750 | $90.3K |
| Dec 15, 2025 | Lewis Ronald J. Chief Executive Officer | Option exercise | 4,000 | — |
| Dec 15, 2025 | Glew Mandy SVP and President, EMEA | Option exercise | 282 | — |
| Oct 13, 2025 | Lim-Johnson Hannah S. SVP, CLO & CORP SEC | Option exercise | 6,478 | $0 |
| Oct 13, 2025 | Lim-Johnson Hannah S. SVP, CLO & CORP SEC | Tax withheld | 1,940 | $91.3K |
| Sep 15, 2025 | BRYANT JOHN A Director | Option exercise | 1,200 | — |
| Sep 15, 2025 | Pitre Kathleen SVP & President NCA | Option exercise | 2,800 | $0 |
| Sep 15, 2025 | Glew Mandy SVP and President, EMEA | Tax withheld | 1,278 | $63.8K |
| Sep 15, 2025 | Glew Mandy SVP and President, EMEA | Option exercise | 2,718 | $0 |
| Sep 15, 2025 | Villatoro Fauze SVP & President South America | Option exercise | 569 | $0 |
| Sep 15, 2025 | NIEKAMP CYNTHIA A Director | Option exercise | 1,200 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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