Earnings ·
Philip Morris International reported second-quarter 2026 net revenues of $11.2 billion, a 10.4% increase, with…
PMPhilip Morris International Inc.
Philip Morris International reported second-quarter 2026 net revenues of $11.2 billion, a 10.4% increase, with adjusted diluted EPS growing 15.2% to $2.20. Reported diluted EPS declined 7.7% to $1.80, primarily due to a $511 million non-cash impairment charge related to its RBH equity investment. The company updated its full-year 2026 adjusted diluted EPS forecast to a range of $8.11 to $8.26 excluding currency, representing a 7.5% to 9.5% increase over 2025. Smoke-free products now account for 42% of total net revenues. The company also noted that the FDA granted MRTP authorization to 20 ZYN nicotine pouch variants on June 30, 2026. Philip Morris International is a consumer goods company that manufactures cigarettes and smoke-free nicotine products.