Philip Morris stock heads toward October 21 earnings with smoke-free growth

Published on 10/04/2026 at 16:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Philip Morris stock was last at USD 187.46 on October 2, while smoke-free products supplied 42 percent of Q2 revenue. The next report is dated October 21.

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Philip Morris stock (ISIN US7181721090) was last at USD 187.46 on the NYSE on October 2, 2026, with a daily change of -0.38 percent. The next quarterly report is scheduled for October 21, 2026, giving the market a fresh test of the company's smoke-free growth strategy.

Smoke-free products reach 42 percent

Philip Morris reported Q2 2026 net revenue of USD 11.192 billion and diluted EPS of USD 1.80 in the latest standardized financial data. PMI said smoke-free products generated 42 percent of total net revenue in the first half of 2026, while adjusted diluted EPS grew 15 percent in dollar terms.

The operating mix is the key earnings variable. PMI said its smoke-free portfolio includes IQOS, ZYN and VEEV, and that ZYN shipments increased 2 percent year over year to 2.9 billion pouches in Q2 2026.

Dividend reset supports income case

On September 18, 2026, PMI raised its quarterly dividend from USD 1.47 to USD 1.60 per share, an increase of 8.8 percent. The annualized dividend is now USD 6.40 per share, with payment scheduled for October 26, 2026.

The comparison matters because the dividend decision arrived alongside stronger operating figures but before the next quarterly release. PMI's Q2 revenue was USD 11.192 billion, and the company reported USD 5.492 billion in operating cash flow for the quarter.

Consensus remains above the share price

Stock Analysis lists a Buy consensus from 16 analysts, with an average price target of USD 208.13. That target is 11.03 percent above the USD 187.46 reference price, making the October 21 report the next quantified checkpoint for the valuation.

Philip Morris stock stays below yearly high

Philip Morris stock had a market capitalization of USD 292.2 billion on October 2, 2026. Its 52-week range was USD 142.11 to USD 207.76, while volume reached 3,052,459 shares on the NYSE.