Philip Morris Q2 FY26 adjusted diluted EPS climbs 15.2% to $2.20; net revenues rise 10.4% to $11.2 billion
PM•Outlook for the year and next quarter
- Full-year adjusted diluted EPS was forecast at $8.26, including a $0.15 favorable currency impact; Q3 adjusted diluted EPS was seen at $2.20-$2.25.
Quarterly results and shipment trends
- Philip Morris International Q2 reported diluted EPS fell 7.7% to $1.80, while operating income climbed 22% to $4.53 billion.
- Net revenues rose 10.4% to $11.2 billion, while gross profit increased 11.5% to $7.66 billion.
- Smoke-free shipments grew 7.5% to 48 billion units, lifting total shipments 2.5% to 205 billion units; smoke-free made about 42% of net revenues.
- Reported EPS was hit by a $511 million non-cash impairment on the RBH equity investment, equal to 33 cents per share.
