Philip Morris Q1 EPS Beats Estimates

Philip Morris reported Q1 adjusted EPS $1.96, beating consensus $1.83, and revenue $10.1bn vs $9.89bn estimate.
Smoke‑free segment contributed 43% of net revenue, up 1.3 points YoY, with International segment revenue up 24.7% reported, 15.8% organic.
IQOS shipments rose 11.3%, making IQOS the top nicotine brand in its markets with 10.9% share of combined cigarette and heat‑not‑burn volumes.
Company forecasts FY2026 adjusted diluted EPS $8.36‑$8.51 (10.9‑12.9% growth) and Q2 EPS $2.02‑$2.07, with organic revenue growth 5‑7% and operating income 7‑9%.