Philip Morris International (PM) earnings for the quarter ended September 2026: EPS beats estimates
Philip Morris International reported results for the quarter ended September 2026 on October 21, 2026. Adjusted earnings per share came in at $2.36 against the analysts’ average forecast of $2.32, a beat of 1.9%.
Revenue for the quarter was $11.44 billion, up 5.5% from $10.85 billion in the same quarter a year earlier.
The market’s verdict: the stock fell 1.2% on the first trading day after the report.
The last four quarters
Philip Morris International has beaten the analysts’ EPS forecast in 3 of the last 4 quarters.
| Quarter | EPS | Forecast | Surprise | Revenue growth | Price reaction |
|---|---|---|---|---|---|
| Sep 2026 | $2.36 | $2.32 | +1.9% | +5% | −1.2% |
| Jun 2026 | $2.20 | $2.05 | +7.3% | +10% | +1.6% |
| Mar 2026 | $1.96 | $1.83 | +7.1% | +9% | +10.4% |
| Dec 2025 | $1.70 | $1.70 | +0.0% | +7% | −0.1% |
What comes next
Analysts expect EPS of $1.82 for the next quarter on average and $8.35 for the fiscal year ending December 31, 2026.
The average analyst price target is $212.44, 7% above the current price of $198.96.
Valuation and score
Philip Morris International scores 1.6 out of 5 overall on Stock Analiz (weak), trades at a trailing P/E of about 29.0, and its intrinsic value under moderate assumptions is about 24% below the current market value. Full Philip Morris International analysis with 10 years of financials
Frequently asked questions
What was Philip Morris International’s EPS for the quarter ended September 2026?
$2.36 adjusted per share, against an analyst consensus of $2.32.
How much revenue did Philip Morris International report?
$11.44 billion, up 5.5% year over year.
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This report was written automatically from the published numbers within hours of the release. It is information, not investment advice.