S&P 5007,728.20▼0.3% Nasdaq26,445.45▼0.6% Dow53,791.85▼0.3% Russell 2K3,027.12▲0.3% 10-Yr4.68%−2bp VIX15.28−0.18 WTI$83.42▲1.6% Gold$4,430.80▲1.6% EUR/USD1.155▼0.1% BTC$63,446▼0.2% Nikkei66,970▲2.1%
At close · Tue, Aug 11, 2026
Daily Market Updates.

Earnings

HomeEarningsResultsPhilip Morris beats Q2 results, trims full-year EPS gu…

Philip Morris beats Q2 results, trims full-year EPS guidance

The company reported Q2 revenue of $11.19 billion and adjusted EPS of $2.20, while reaffirming organic revenue growth of 5% to 7%.

Philip Morris International topped Q2 2026 revenue and adjusted earnings expectations, supported by strength in its smoke-free portfolio and improved performance in legacy nicotine products, MarketBeat Ratings reports. The company reported revenue of $11.19 billion versus $10.61 billion expected, and adjusted EPS of $2.20 versus the $2.04 estimate.

The outlet also notes that PM trimmed its full-year and current-quarter adjusted EPS outlook, guiding adjusted EPS between $8.26 and $8.41 per share. That range is down 10 cents from its prior guidance at both ends, though it still represents a 7.5% year-over-year increase at the low end, according to MarketBeat Ratings.

PM reiterated its outlook for organic revenue growth of 5% to 7%. MarketBeat Ratings adds that international smoke-free net revenue grew 13.7% organically in the first half, with gross profit up 16.9% and gross margin expanding 190 basis points to 70%.

The report also highlights that international combustible gross profit grew 6.1% organically in the first half, with pricing power accounting for 9.2% of that growth. IQOS was described as the anchor of the smoke-free push, sold in 80 markets, with growth tied to products outside the company’s portfolio a decade ago.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.