Ball Q2 2026 Earnings: Shipments Rise as Operating Margin Narrows

Ball Corporation’s Q2 2026 revenue rose about 19.7% to $3.997 billion, comparable diluted EPS increased 14.4% to $1.03, and global aluminum packaging shipments grew 4.3%. Profit growth trailed sales as metal-linked pass-through pricing expanded revenue while North American operating and plant startup costs weighed on margins. South America delivered the largest regional earnings increase. Ball reiterated its 2026 goals, but negative first-half free cash flow means second-half cash conversion will be central to achieving the full-year target, while leverage has also increased from year-end.