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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InPhilip Morris International reported strong Q1 2026 results, delivering an adjusted EPS of $1.96, which significantly exceeded the average analyst consensus estimate of $1.83. Net revenues grew 9.1% to $10.1 billion, highlighted by the IQOS brand overtaking Marlboro as the top nicotine product in its markets. Following the report, PM stock rallied 6.9%, exceeding initial pre-market gains and triggering a broader rally across tobacco peer stocks. Consequently, the company raised its full-year adjusted EPS guidance to a range of $8.36–$8.51 and issued Q2 guidance between $2.02 and $2.07. While U.S. ZYN shipments faced competitive pressures, smoke-free products now represent 43% of total revenue, underscoring the success of the company’s strategic transformation.