Abstract

Amrize Ltd will report fiscal results on February 17, 2026 Post Market; this preview consolidates last quarter’s actuals and current-quarter forecasts alongside recent institutional commentary to frame expectations on revenue, margins, net profit, and adjusted EPS.

Market Forecast

Consensus derived from the company’s forecast field points to current-quarter revenue of $2.94 billion, an EPS estimate of 0.647, and EBIT of $579.00 million; this implies a decline in revenue of 20.62% versus the prior quarter’s actual of $3.68 billion, while the last reported gross profit margin was 29.55%, net profit margin 14.83%, and net profit attributable to shareholders at $545.00 million. Year-over-year growth rates for these estimates were not provided in the forecast dataset. The company’s main businesses remain building materials and building envelope solutions; the latter is positioned for mix improvement and margin resilience, while the most promising near-term driver appears to be the building envelope segment with estimated revenue of $0.90 billion last quarter and potential for sequential growth, though explicit YoY figures were not provided.

Last Quarter Review

In the previous quarter, Amrize Ltd delivered revenue of $3.68 billion, a gross profit margin of 29.55%, GAAP net profit attributable to the parent company of $545.00 million, a net profit margin of 14.83%, and adjusted EPS of 0.98, with no year-over-year percentages disclosed in the available dataset. A key highlight was profitability resilience: despite a slight EPS miss against the $1.018 estimate, EBIT reached $778.00 million as revenue exceeded the $3.52 billion estimate. By business, building materials contributed $2.77 billion and building envelope solutions contributed $0.90 billion last quarter; YoY growth by segment was not available in the dataset.

Current Quarter Outlook (with major analytical insights)

Main business: Building materials remains the revenue anchor while monitoring pricing and volume elasticity

Building materials accounted for $2.77 billion last quarter, roughly three-quarters of total sales, underscoring its role as the primary demand indicator for the company’s consolidated top line and cash generation. With the current-quarter company forecast implying revenue of $2.94 billion for the group, investors should monitor volume normalization from construction activity and the rate of price adjustments being passed through in core categories. The margin baseline from last quarter—29.55% gross and 14.83% net—suggests a platform for solid incremental contribution if input costs remain stable. Pricing discipline is a pivotal variable. A softening demand backdrop could pressure realized pricing, but the company’s scale in core materials categories typically offers procurement advantages and logistical efficiency that help maintain margin quality. The watch area is end-market dispersion: commercial and infrastructure demand often proves steadier than residential, and mix shifts toward longer-cycle projects can support higher average selling prices and better throughput, offsetting episodic weakness in discretionary subsegments. Working capital cadence also bears on quarterly optics. If the company keeps inventory turns efficient and leverages contracted or indexed pass-through clauses, gross margin could hold near the high-20s even if headline revenue moderates versus last quarter. That, in turn, would sustain EBIT conversion around the forecasted $579.00 million level, contingent on operating expense containment and production scheduling aligned to orders.

Most promising business: Building envelope solutions as a margin-differentiated platform

The building envelope solutions segment, at $0.90 billion last quarter, is positioned as a higher-value offering relative to basic materials, often tied to specification work, energy efficiency themes, and retrofit cycles—factors that can stabilize pricing and lift blended margins. While explicit year-over-year growth was not provided, the segment’s value-add profile suggests resilience against commodity swings and may enable mix-driven margin expansion even in flat-to-down macro conditions. Project pipelines for retrofit, insulation, and roofing or façade upgrades can deliver steadier backlog and conversion, especially where regulatory or energy efficiency standards spur replacement cycles. If project mix tilts toward higher-spec envelope packages, the segment’s contribution margin could outperform consolidated averages, supporting overall gross margin stability. The near-term question is execution timing. Conversion in the envelope segment can be lumpy based on permitting, weather windows, and customer financing, but disciplined bid selection and cost pass-through typically mitigate volatility. If the quarter benefits from previously booked backlog, the segment could offset softer commodity materials demand with improved margin per dollar of revenue.

Stock-price drivers this quarter: Volume trajectory, input costs, and EPS delivery versus estimates

Three variables are likely to shape sentiment around the print. The first is volume trajectory across core materials categories: if shipment volumes show sequential stabilization relative to the prior quarter’s seasonal peak, investors may view the implied revenue decline as a temporary normalization rather than a trend. Conversely, a sharper-than-expected drop could prompt concerns about demand elasticity and pricing pressure. The second is input cost behavior. Stable or easing costs for energy, transportation, and key raw inputs would support margin retention near the 29.55% gross level, enabling EBIT to track the $579.00 million forecast. Any adverse move in costs without adequate pass-through could compress margins and weigh on net profit. The third is EPS execution versus the 0.647 estimate. The last quarter’s adjusted EPS of 0.98 fell modestly short of the 1.018 estimate, but revenue exceeded expectations. Meeting or beating the EPS estimate this quarter, even on lighter revenue, would reinforce the argument that the company’s cost controls and product mix can protect earnings, which often drives post-print stock reactions.

Analyst Opinions

Across recent ratings within the permitted window, institutional views are predominantly bullish. Several well-known firms reiterated or initiated Buy recommendations, with no clear bearish research cited in the collected dataset, suggesting a skew toward positive expectations. Kepler Capital maintained a Buy rating on January 7, 2026, citing valuation support and operational execution; RBC Capital reiterated a Buy on October 29, 2025, with a $56.00 price target; Truist Financial kept a Buy on multiple occasions, and J.P. Morgan initiated coverage with a Buy and a CHF48.20 target during November 2025. In aggregate, Buy recommendations account for the overwhelming majority of recent opinions, with a small number of neutral-toned comments but no explicit Sell calls observed. The bullish case centers on margin durability and cash conversion. Analysts argue that the company’s scale and mix—anchored by building materials and complemented by higher-value envelope solutions—provide a buffer against cyclical softness. With a forecast EBIT of approximately $579.00 million and EPS at 0.647 for the quarter, the debate turns on delivery risk rather than structural concerns. Institutions expect disciplined pricing, targeted growth in value-add segments, and a balanced capital allocation approach to underpin earnings quality even as revenue normalizes from last quarter’s $3.68 billion. Looking to the print on February 17, 2026, the majority view emphasizes that matching or modestly exceeding the EPS forecast would validate the thesis that the company can manage through volume variability without outsized margin attrition. The rating skew implies that investors should prepare for a market reaction keyed to EPS and margin details more than top-line fluctuations, with follow-through driven by commentary on segment backlog, cost pass-through mechanisms, and early signals on calendar-year demand pacing.