Philip Morris International (NYSE:PM) Releases Q2 2026 Earnings Guidance

Philip Morris International (NYSE:PM) updated its second quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.020-2.070 for the period, compared to the consensus earnings per share estimate of 2.120. The company issued revenue guidance of -. Philip Morris International also updated its FY 2026 guidance to 8.360-8.510 EPS.

Philip Morris International Trading Up 7.0%

Shares of Philip Morris International stock opened at $163.95 on Thursday. The business’s fifty day moving average price is $170.12 and its 200 day moving average price is $163.81. Philip Morris International has a twelve month low of $142.11 and a twelve month high of $191.30. The stock has a market capitalization of $255.52 billion, a P/E ratio of 22.55, a PEG ratio of 1.86 and a beta of 0.43.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.13. The company had revenue of $10.15 billion for the quarter, compared to the consensus estimate of $9.95 billion. Philip Morris International had a negative return on equity of 130.95% and a net margin of 12.09%.The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the business posted $1.69 EPS. Philip Morris International has set its FY 2026 guidance at 8.360-8.510 EPS and its Q2 2026 guidance at 2.020-2.070 EPS. As a group, sell-side analysts predict that Philip Morris International will post 8.36 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 13th. Shareholders of record on Thursday, March 19th were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Thursday, March 19th. Philip Morris International’s payout ratio is 80.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PM shares. Morgan Stanley decreased their price objective on shares of Philip Morris International from $205.00 to $190.00 and set an “overweight” rating for the company in a research note on Friday, April 17th. Stifel Nicolaus reduced their target price on shares of Philip Morris International from $200.00 to $195.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Needham & Company LLC reiterated a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a report on Thursday. Finally, Citigroup raised their price objective on Philip Morris International from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $192.56.

Insiders Place Their Bets

In other Philip Morris International news, CFO Emmanuel Babeau sold 33,800 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $181.61, for a total value of $6,138,418.00. Following the completion of the transaction, the chief financial officer directly owned 164,463 shares of the company’s stock, valued at $29,868,125.43. This represents a 17.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jacek Olczak sold 80,000 shares of the firm’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $182.18, for a total value of $14,574,400.00. Following the sale, the chief executive officer owned 632,344 shares of the company’s stock, valued at $115,200,429.92. This represents a 11.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.13% of the company’s stock.

Philip Morris International News Summary

Here are the key news stories impacting Philip Morris International this week:

• Positive Sentiment: Q1 beat on both EPS and revenue: adjusted EPS $1.96 vs. $1.83 consensus and revenue $10.15B vs. ~$9.95B; management highlighted strong organic growth in smoke‑free products (IQOS) which drove the upside. Q1 Results Press Release / Slide Deck
• Positive Sentiment: Earnings call highlighted “smoke‑free momentum” and execution in high‑margin IQOS markets — a key driver for long‑term margin expansion and revenue mix improvement. Earnings Call Highlights
• Positive Sentiment: Marketing/brand expansion: PMI expanded its Ducati Corse partnership to bring the ZYN nicotine‑pouch brand onto select MotoGP races, increasing global consumer visibility for ZYN. This supports commercialization efforts for its pouch business. Ducati Partnership / ZYN Promotion
• Neutral Sentiment: Some analysts note valuation concerns even with growth — a view that could cap multiple expansion despite solid fundamentals (rating/valuation discussion). Analyst Note: Growth at an Expensive Price
• Negative Sentiment: Management trimmed outlook: Q2 EPS guidance (2.020–2.070) came in below consensus (~2.12) and FY EPS range was modestly adjusted, reflecting uncertainty — the company explicitly cited heightened competition and regulatory uncertainty around nicotine pouches (ZYN). Reuters: Cuts Annual Profit Forecast

Institutional Investors Weigh In On Philip Morris International

Several hedge funds and other institutional investors have recently bought and sold shares of PM. Brighton Jones LLC boosted its stake in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Philip Morris International by 53.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after purchasing an additional 1,970 shares in the last quarter. Jump Financial LLC bought a new position in shares of Philip Morris International during the second quarter worth about $2,454,000. Finally, Osterweis Capital Management Inc. lifted its position in shares of Philip Morris International by 2,280.0% during the second quarter. Osterweis Capital Management Inc. now owns 357 shares of the company’s stock worth $65,000 after purchasing an additional 342 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.