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The median of 4 price targets is $190[FMP target], stock is $171, +11.1% vs the analyst consensus median. Q1 FY26 EPS $1.96 vs $1.86 estimate: beat (+5.4%)[FMP earnings]. Stock move on D+1: +3.2%.
B- — FMP rating [FMP ratings]. Form 4: unavailable[FMP Form 4].
Quick AnswerPhilip Morris International Inc. (PM) Q2 consensus: revenue $10.6B[FMP est], EPS $2.06[FMP est]. 1 consecutive quarters of beat[FMP earnings].
Q1 FY26 EPS $1.96 vs $1.86 estimate: beat (+5.4%)[FMP]. Stock move on D+1: +3.2%[FMP D+1].
Watchlist
Iqos Growth
iqos_growth
IQOS delivered adjusted in-market sales growth of plus 10.9%, with strong momentum across markets including Europe and Japan.
"Within smoke-free International, IQOS delivered another strong quarter with adjusted in-market sales growth of plus 10.9%. This reflects very good and broad-based momentum across markets and regions, including Europe and Japan."
- Operator - Q1 FY26 Earnings Call - April 22, 2026
Veev Growth
veev_growth
VEEV reinforced its position as the fastest-growing international brand in Europe, becoming the joint #1 closed pot brand in Europe.
"I am pleased to share that VEEV became the joint #1 close pot brand in Europe in Q4 '25, as estimated by Nielsen [indiscernible] across 19 markets, surpassing long-established players."
- Operator - Q1 FY26 Earnings Call - April 22, 2026
Zyn Growth
zyn_growth
ZYN grew by well over 50% excluding the more mature Nordic market.
"On this latter scope, where the greatest opportunity lies. We estimate offtake volumes grew by well over 50% and gaining share in a dynamic category."
- Operator - Q1 FY26 Earnings Call - April 22, 2026
Smoke Free Volume Growth
smoke-free_volume_growth
PM reported a plus 9.1% year-over-year increase in smoke-free product shipments, in line with its full year target of high single-digit growth.
"Smoke-free shipments increased by a very good plus 9.1% versus prior year, in line with our full year target of high single-digit growth."
- Operator - Q1 FY26 Earnings Call - April 22, 2026
Combustible Pricing
combustible_pricing
PM achieved strong pricing of plus 8.5% in combustible and now forecasts a full year variance of more than 6%.
"Very strong pricing of plus 8.5% was the key driver with notable contribution from Turkey, Indonesia and Mexico. While we expect some moderation notably in the second half of the year due to timing and comparison effect, we now forecast a full year variance of more than 6%."
- Operator - Q1 FY26 Earnings Call - April 22, 2026
Stock Expert AI - Methodology
Historical V1 earnings-model score (archived, May 9, 2026) — not the current MoonshotScore. Current MoonshotScore: PM stock page
multi-pillar methodology. Gross Margin and Price Momentum strong. Revenue Growth weak.
How is it calculated? ->6 investor frameworks. 2 bullish (Ray Dalio, Ken Griffin), 0 bearish (none), 4 neutral (Jim Simons, Klarman, Buffett, Munger).
How is it calculated? ->Quality business, trading at fair value.
How is it calculated? ->Past Performance
Q1 FY26 (April 22, 2026) EPS $1.96 vs $1.86 estimate: beat (+5.4%)[FMP]. Stock move on D+1: +3.2%[FMP D+1].
Q1 FY26 EPS $1.96 vs $1.86 estimate: beat (+5.4%)[FMP]. Stock move on D+1: +3.2%[FMP].
No RPO/backlog concentration disclosed in Q1 earnings call.
Q1 CapEx $353.0M[FMP cashflow]. Q1 op margin 38.4%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Wednesday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Wednesday evening. The framework is ready on this page: Q2 EPS threshold $2.06[FMP], CapEx threshold "below $353.0M". Two anchors, three scenarios.
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Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI is free today — no credit card. Council 7-lens analysis + MoonshotScore multi-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This Philip Morris International Inc. (PM) Q2 FY26 earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Philip Morris International Inc. (PM): Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.
Philip Morris International Inc. (PM): Figures are sourced from Financial Modeling Prep (FMP) fundamentals and consensus data plus official earnings-call transcripts; derived metrics are labeled with their source next to each figure.
Philip Morris International Inc. (PM): No. This page is educational research, not investment advice. It summarizes analyst consensus and company data; consult a licensed financial advisor before making any investment decision.