Philip Morris International reported third-quarter 2026 reported diluted EPS of $2.12, down 4.9% mainly due to a non-cash fair value adjustment on equity investments, while adjusted diluted EPS rose 5.4% to $2.36. Net revenues grew 5.5% (7.1% organically) to $11.4 billion, a quarterly record, with operating income up 14.1% and smoke-free products making up more than 40% of revenue. Shipments rose 0.6%, supported by a 2.7% increase in smoke-free products, with IQOS heat-not-burn shipments up 1.5% to 41.5 billion units. Oral smoke-free volumes turned positive, rising 0.5%, as modern oral grew 20.6%, and VEEV e-vapor shipments jumped 61.6%.
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Original headline: Philip Morris International Reports 2026 Third - Quarter & First Nine - Months Results and Updates 2026 Full - Year Adjusted Diluted EPS Forecast for Currency Only ;
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