Philip Morris International (PM) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.36
- Estimate
- $2.32
- Surprise
- +1.9%
- Revenue (period 2026-09-30)
- $11.44B
- Score at report (before → after)
- 5.2 → 5.3/10
Revenue source: xbrl.
How the report landed
Philip Morris International (PM) beat the $2.32 estimate with adjusted EPS of $2.36 — a modest 1.9% upside surprise. TrendMatrix's engine moved from Buy (Wait) (5.2/10) to Hold at 5.3/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates PM Hold at 5.0/10.
3 of the last 4 quarters beat the estimate; this quarter's +1.9% surprise compares with a +5.4% four-quarter average. Next scheduled report: 2027-02-04.
What supports the rating
- V7 quality resilience bonus: +0.2 (Q=7.7 in RISK_OFF)
- Sector modifier (Consumer Defensive): +0.8
What argues against it
- Analyst target reached - limited upside remaining
- Weak growth
- Negative momentum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $194.25
- Stop
- $183.73
The stock trades at 28.4× trailing but 21.5× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-11 — shown for context, not personalized investment advice.
PM at TrendMatrix's latest read
Defensive staples are judged on margin resilience: pricing power against input costs matters more here than top-line drama.
- Industry
- Tobacco
- Market cap
- $302.76B
- P/E (fwd)
- 21.5
- P/E (ttm)
- 28.4
- 52-week range
- $146.35–$214.35
- Off 52-week high
- 9.4%
- RSI (14)
- 46
- Volume vs avg
- 1.10×
- Score today
- 5.0/10