Philip Morris Raises 2026 Earnings Guidance

Philip Morris International raised its 2026 full-year reported diluted earnings per share forecast to a range of $7.28 to $7.43 to reflect currency movements. Excluding total adjustments of $1.07 per share, the company projected adjusted diluted EPS of $8.35 to $8.50. That represents a 10.7% to 12.7% increase compared to $7.54 in 2025.

The full-year forecast now includes an estimated favorable foreign exchange impact of $0.24 per share, up from the prior estimate of $0.15. Excluding currency movements, adjusted diluted earnings are projected to grow between 7.5% and 9.5%. All other forecast assumptions remain unchanged from July 22, 2026.

The company also lifted its third-quarter adjusted diluted EPS guidance to between $2.29 and $2.34. The updated quarterly target includes an estimated favorable currency impact of $0.01 per share, compared to a previous estimate of an $0.08 headwind.

Group CEO PMI Jacek Olczak is scheduled to present the updated outlook to investors at the 2026 Barclays Global Consumer Conference in Boston.