๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข EPS: $2.20 (Est. $2.05) โ
โข Revenue: $11.19B (Est. $10.64B) โ
โข Organic revenue growth: 7.6%
โข Operating income: +22.0% YoY
โข Smoke-free products accounted for approximately 42% of total net revenue
โ
๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Q3 2026 EPS: $2.20โ2.25 (Est. $2.43) โ
โข FY2026 EPS: $8.26โ8.41 (Est. $8.39) ๐ฐ
โข FY2026 organic revenue growth: 5%โ7%
โข FY2026 operating cash flow: Around $13.5B
โข FY2026 capital expenditures: $1.4Bโ1.6B
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๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข IQOS shipment volume increased 7.6%, while smoke-free shipment volume grew 7.5%, continuing to drive overall growth.
โข VEEV shipments surged 55.1%, while ZYN expanded to 60 markets with continued international growth.
โข Net revenue exceeded $11B for the first time, supported by strong pricing and continued smoke-free adoption.
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
CEO Jacek Olczak said Philip Morris delivered outstanding second-quarter results with record revenue and continued momentum across its smoke-free portfolio. Management believes the company is well positioned to achieve its full-year targets while continuing to invest in future growth.