Keyword → IQOS

Philip Morris Q2 2026 EPS Beats at $2.20, Up $0.16 vs Estimates — Revenue Hits $11.2B as Smoke-Free Reaches 42% of Sales

Philip Morris International reported Q2 2026 non-GAAP EPS of $2.20, beating the $2.04 consensus by $0.16, with revenue of $11.19 billion exceeding estimates by $580 million. Smoke-free products, led by IQOS, now account for 42% of total revenue, growing 9.7% organically. The company guided Q3 2026 EPS to $2.20–$2.25 and shares opened near $188, approaching a 52-week high of $194.90 as investors reacted positively to another consecutive beat.