Philip Morris reported second-quarter 2026 results that beat the Zacks Consensus Estimate on both top and bottom lines. Adjusted earnings per share rose 15.2% year over year to $2.20, above the consensus of $2.04, while net revenues increased 10.4% on a reported basis to $11,192 million, beating the consensus of $10,556 million. Organic revenues grew 7.6%, driven by favorable pricing in international combustibles and strong international smoke-free volumes. The company lowered its full-year 2026 adjusted EPS guidance to a range of $8.26 to $8.41, down from the prior $8.36 to $8.51, and now expects reported EPS of $7.19 to $7.34. For the third quarter of 2026, Philip Morris projects adjusted EPS between $2.20 and $2.25.
Philip Morris International IncQ2 earnings and revenue beat estimates, though guidance was lowered.
