PMI Lifts 2026 EPS Guidance to $8.35-$8.50 on Favorable Currency
PM sits 28% above its 52-week low of $142.11.
Summary
PMI raised its 2026 adjusted EPS guidance to $8.35-$8.50, up from $7.19-$7.34, driven entirely by a more favorable currency outlook. Q3 adjusted EPS is now forecast at $2.29-$2.34.
Key Events · Earnings and Guidance · PM
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Full-Year EPS Guidance Raised
Adjusted diluted EPS forecast raised to $8.35-$8.50, up from $7.19-$7.34 set on July 22, 2026. Reported diluted EPS forecast is $7.28-$7.43.
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Currency Impact Drives Revision
Favorable currency impact increased to $0.24 per share from $0.15. Excluding currency, adjusted EPS growth guidance is unchanged at 7.5%-9.5%.
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Q3 Adjusted EPS Updated
Q3 adjusted diluted EPS forecast set at $2.29-$2.34, now including an estimated 1 cent favorable currency impact versus a previously expected 8 cent unfavorable impact.
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Operational Outlook Unchanged
All other forecast assumptions remain unchanged from those communicated on July 22, 2026.
Analysis · PM · Manufacturing
A more favorable currency outlook is the sole driver behind Philip Morris's raised full-year adjusted EPS guidance to $8.35-$8.50, a sharp reversal from the $7.19-$7.34 range set in July. The favorable currency impact rose to $0.24 per share from $0.15. Excluding currency, growth guidance is unchanged at 7.5%-9.5%. The company also updated Q3 adjusted EPS to $2.29-$2.34, now including a 1 cent favorable currency impact versus a previously expected 8 cent headwind. This is a meaningful positive revision for a mega-cap consumer staples company, though the underlying operational outlook is unchanged.
How filings like this one have moved
In the 30 days to Nov 1, 2026, 32.3% of the 1994 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, PM was trading at $181.85 on NYSE in the Manufacturing sector, with a market capitalization of approximately $284.5B. The 52-week trading range was $142.11 to $207.76. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.