Philips releases transcript of Q2 2026 results webcast
PHG•Q2 2026 webcast highlights
Philips’ Q2 2026 results webcast drew CEO Roy Jakobs, CFO Charlotte Hanneman and Head of IR Durga Doraisamy.
- Comparable sales rose 4%; adjusted EBITA margin reached 16.4% on a tariff refund; underlying margin was 12.2%.
- Free cash flow was EUR 220 million, helped by the tariff refund; net debt was EUR 5.7 billion; leverage improved to 1.8x.
Full-year outlook and China commentary
Philips reiterated its full-year outlook for 3% to 4.5% comparable sales growth; adjusted EBITA margin is seen at 12.5% to 13% excluding the refund.
China is expected to be broadly stable for the year. Philips said centralised procurement expansion is expected to extend market disruption, with differentiated CT and helium-free MR positioned better.
