PMPhilip Morris International Inc
Earnings Recap
• Reported GAAP EPS of $1.56 down -9.30% YoY • Reported revenue of $10.15B up 9.09% YoY • Philip Morris International forecasts 2026 full-year adjusted diluted EPS, excluding currency, to increase 7.5% to 9.5% versus $7.54 in 2025, with reported diluted EPS projected between $7.56 and $7.71.
Bullish
Philip Morris International achieved 15.8% organic net revenue growth in its international smoke-free business, with IQOS becoming the #1 nicotine brand in key markets. VEEV also shipped over one billion units, securing a top market position for the company.
Bearish
Philip Morris International faced a 31.6% organic net revenue decrease in its U.S. segment and a 5.1% decline in international combustibles volume. Geopolitical conflicts also pose ongoing uncertainty and cost increases for the company.