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Philip Morris beats on earnings but stock edges lower on weak guidance

Wed, 22 Jul 2026 07:41:17 -0400

Investing.com -- Philip Morris International Inc. (NYSE: PM) reported second-quarter earnings and revenue that topped consensus expectations on Wednesday, however, shares have edged lower after the company's Q3 earnings guidance missed the consensus estimate.

Adjusted earnings per share of $2.20 surpassed the analyst consensus of $2.03 by $0.17, while revenue of $11.2 billion exceeded expectations of $10.6 billion.

The tobacco company's second-quarter revenue climbed 10.4% YoY, marking the first time quarterly net revenues exceeded $11 billion. The smoke-free business drove growth with revenue up 11.7%, while combustibles revenue rose 9.5%. For the third quarter, Philip Morris expects adjusted EPS of

Philip Morris beats on earnings but stock edges lower on weak guidance

Wed, 22 Jul 2026 07:41:17 -0400

Adjusted earnings per share of $2.20 surpassed the analyst consensus of $2.03 by $0.17, while revenue of $11.2 billion exceeded expectations of $10.6 billion.

Form 8-K Philip Morris Internatio For: Jul 22

Wed, 22 Jul 2026 07:02:00 -0400

si-local-file:///var/storage/secattach/20260722/26798091.html

Form 8-K Philip Morris Internatio For: Jul 22

Wed, 22 Jul 2026 07:02:00 -0400

si-local-file:///var/storage/secattach/20260722/26798091.html

Philip Morris International (PM) Tops Q2 EPS by 17c; offers guidance

Wed, 22 Jul 2026 07:01:02 -0400

Philip Morris International (NYSE: PM) reported Q2 EPS of $2.20, $0.17 better than the analyst estimate of $2.03. Revenue for the quarter came in at $11.2 billion versus the consensus estimate of $10.6 billion.

GUIDANCE:

Philip Morris International sees Q3 2026 EPS of $2.20-$2.25, versus the consensus of $2.43.

For earnings history and earnings-related data on Philip Morris International (PM) click here.

Philip Morris International (PM) Tops Q2 EPS by 17c; offers guidance

Wed, 22 Jul 2026 07:01:02 -0400

GUIDANCE:

Philip Morris International sees Q3 2026 EPS of $2.20-$2.25, versus the consensus of $2.43.

For earnings history and earnings-related data on Philip Morris International (PM) click here.

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:

Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1

"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.

"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

Philip Morris International Reports 2026 Second-Quarter & First Six-Months Results and Updates 2026 Full-Year Adjusted Diluted EPS Forecast for Currency Only;

Wed, 22 Jul 2026 06:59:00 -0400

Second-Quarter Reported Diluted EPS declined by 7.7% to $1.80; Adjusted Diluted EPS grew by 15.2% to $2.20; and by 13.6% excluding currency;

STAMFORD, CT--(BUSINESS WIRE)-- Regulatory News:
Philip Morris International Inc. (PMI) (NYSE: PM) today announces its 2026 second quarter results.1
"We delivered outstanding results in the second quarter, driving net revenues to over $11 billion for the first time with excellent growth across all headline metrics," said Jacek Olczak, Group CEO PMI.
"With a robust first half under our belt, including continued momentum and strong results in our smoke-free business, we are well positioned to deliver on

BTIG Starts Philip Morris (PM) at Buy

Tue, 21 Jul 2026 16:10:22 -0400
(Updated - July 21, 2026 4:10 PM EDT)
BTIG analyst Owen Bennett initiates coverage on Philip Morris (NYSE: PM) with a Buy rating and a price target of $216.00.
The analyst comments "There is a quote by Thomas Edison, "Strategy without execution is hallucination," highlighting the risk around implementing a premium playbook. Well in PM's case, the execution of the RRP transition has been largely flawless. Combustibles have remained robust, a global leading RRP premium positioning has been established, and critically from a valuation perspective, this transition continues at levels way beyond most peers. Initiate at Buy, PT $216. "
For an analyst

BTIG Starts Philip Morris (PM) at Buy

Tue, 21 Jul 2026 16:10:22 -0400
(Updated - July 21, 2026 4:10 PM EDT)
BTIG analyst Owen Bennett initiates coverage on Philip Morris (NYSE: PM) with a Buy rating and a price target of $216.00.
The analyst comments "There is a quote by Thomas Edison, "Strategy without execution is hallucination," highlighting the risk around implementing a premium playbook. Well in PM's case, the execution of the RRP transition has been largely flawless. Combustibles have remained robust, a global leading RRP premium positioning has been established, and critically from a valuation perspective, this transition continues at levels way beyond most peers. Initiate at Buy, PT $216. "
For an analyst

Philip Morris (PM) call put ratio 1.1 calls to 1 put into quarter results

Tue, 21 Jul 2026 11:37:09 -0400

Philip Morris (NYSE: PM) July 24 weekly call option implied volatility is at 128, August is at 88; compared to its 52-week range of 24 to 71. Call put ratio 1.1 calls to 1 put into the expected release of quarter results after the bell on July 22.

Philip Morris (PM) call put ratio 1.1 calls to 1 put into quarter results

Tue, 21 Jul 2026 11:37:09 -0400

Philip Morris (NYSE: PM) July 24 weekly call option implied volatility is at 128, August is at 88; compared to its 52-week range of 24 to 71. Call put ratio 1.1 calls to 1 put into the expected release of quarter results after the bell on July 22.

Philip Morris (PM) call put ratio 1 call to 1.1 puts into quarter results

Tue, 21 Jul 2026 05:46:56 -0400

Philip Morris (NYSE: PM) July 24 weekly 192.50 straddle priced for a move of 7%. Call put ratio 1 call to 1.1 puts into the expected release of quarter results before the bell on July 22.