Philip Morris International achieved a remarkable 7.8% revenue increase and a 17.6% jump in gross profit for Q2, bringing the revenue to $10.14 billion and gross profit to $6.90 billion. The adjusted EPS also exceeded expectations, showing a year-over-year increase of 20.1% to $1.91. Despite raising the full-year adjusted EPS guidance, the Q3 forecast suggests only modest growth of about 11.5%, indicating potential concerns over future earnings momentum. The smoke-free segment, however, continues to show significant growth, comprising 41% of total revenues.
Philip Morris International reported a 7.8% year-over-year revenue increase to $10.14 billion in Q2 25, while gross profit jumped 17.6% to $6.90 billion.
Adjusted EPS came in at $1.91, up +20.1% year-over-year, and beat the consensus estimate of $1.86.
Despite a strong Q2 performance, guidance for Q3 suggests modest sequential EPS growth with a midpoint of $2.105, representing only ~11.5% YoY growth.
The smoke-free business was a standout, with 15.2% revenue growth and 23.3% gross profit growth, now making up 41% of total revenues.
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