Philip Morris International reported EPS of $2.36 against an estimate of $2.30 and revenue of $11.44 billion against an estimate of $11.32 billion, beating on both measures. Despite the beat, shares traded at $196.50 before the open, down 1.70% against the prior close of $199.90.
| Measure | Reported | Estimate | Result |
|---|---|---|---|
| Earnings per share | $2.36 | $2.30 | Beat |
| Revenue | $11.44 billion | $11.32 billion | Beat |
Source: Company earnings report and sell-side analyst consensus estimates · as of October 21, 2026 at 7:30 AM ET · Reported before the open on Wednesday, October 21, 2026.
Against the quarters before
Philip Morris International has beaten estimates in each of the last four quarters. In the quarter reported July 22, 2026, EPS came in at $2.20 versus $2.05 expected on revenue of $11.19 billion. In the quarter reported April 22, 2026, EPS was $1.96 versus $1.86 expected on revenue of $10.15 billion. In the quarter reported February 6, 2026, EPS matched the estimate exactly at $1.70 on revenue of $10.36 billion. In the quarter reported October 21, 2025, EPS was $2.24 versus $2.09 expected on revenue of $10.85 billion.
| Reported | EPS | Estimate | Revenue | EPS result |
|---|---|---|---|---|
| July 22, 2026 | $2.20 | $2.05 | $11.19 billion | Beat |
| April 22, 2026 | $1.96 | $1.86 | $10.15 billion | Beat |
| February 6, 2026 | $1.70 | $1.70 | $10.36 billion | Matched |
| October 21, 2025 | $2.24 | $2.09 | $10.85 billion | Beat |
Source: Company earnings reports and the consensus estimates at the time
How the stock took it
Shares moved lower before the open, trading at $196.50, down 1.70% from the prior close of $199.90, even though both earnings and revenue topped estimates. Traders on X were watching how the company's smoke-free product lines are performing, alongside currency effects and margins, and whether full-year guidance would be revised, though none of this is confirmed guidance from the company itself. No other credited commentary from company management accompanied the release in the facts provided.
| Measure | Value |
|---|---|
| Last close | $199.90 |
| Price | $196.50 |
| Change | -1.70% |
Source: Extended-hours trades against the regular close · as of October 21, 2026 at 7:30 AM ET · Extended-hours trading is thin; the price can move a long way before the open.
Who it buys from and sells to
Company filings list Molex Asia Holdings Ltd., Citibank Europe plc (UK Branch), and Citibank, N.A. as suppliers to Philip Morris International; no customers are named in the filings on file. Knowing a company's supplier relationships can offer context on its operational and financial dependencies, though none of these entities are publicly listed, and no share-price moves are available for them.
| Company | Role | Stock | Last move |
|---|---|---|---|
| Molex Asia Holdings Ltd. | Supplier | Not listed | — |
| Citibank Europe plc, UK Branch | Supplier | Not listed | — |
| Citibank, N.A. | Supplier | Not listed | — |
Source: Relationships named in company filings (SEC 10-K annual report; SEC 8-K current report); stock quotes · as of October 21, 2026 at 7:30 AM ET · Named in filings; a neighbour's move is not evidence of a link to this report.