Philip Morris sees 2026 adjusted EPS at $8.29-$8.44, likely in midpoint or lower half of range
PM•Philip Morris International forecasts 2026 adjusted diluted EPS of $8.29-$8.44, up approximately 10%-12%, and expects results near the midpoint or lower half of the range. It projects operating cash flow of approximately $13.5 billion.
1. 2026 outlook
Philip Morris International forecasts 2026 adjusted diluted EPS of $8.29-$8.44, representing approximately 10%-12% growth, with results likely near the midpoint or lower half of the range because of increased U.S. investment and geopolitical cost pressures. The company expects organic net revenue growth in the middle or upper half of its unchanged 5%-7% range and maintains organic operating income growth guidance of 7%-9%.
2. Other projections
Fourth-quarter U.S. adjusted operating companies income is expected to be around zero or slightly negative. Operating cash flow is projected at approximately $13.5 billion, while third-quarter adjusted diluted EPS rose 5.4% to $2.36.
