Philips reports higher sales and adjusted EBITA in Q2 2026
Koninklijke Philips posted Q2 2026 operating income of EUR 252 million, up 11.5%, as sales rose 4% to EUR 4.36 billion.
Adjusted EBITA climbed to EUR 717 million; the adjusted EBITA margin widened 4 percentage points to 16.4%, including a ~420-bp US tariff refund benefit.
Excluding the US tariff refund benefit, the adjusted EBITA margin slipped 0.2 percentage point to 12.2% on higher tariffs and cost inflation.
Productivity initiatives delivered EUR 132 million of savings in the quarter, taking year-to-date savings to EUR 258 million.
Philips kept its 2026 comparable sales growth outlook at 3%-4.5%, raising adjusted EBITA margin guidance to 13.5%-14.0% and free cash flow to EUR 1.5-1.7 billion.
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