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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bonnie Herzog | Goldman Sachs | 15 questions · 13% challenging |
| Eric Serotta | Morgan Stanley | 12 questions · 8% challenging |
| Faham Baig | UBS | 11 questions · 18% challenging |
| Matt Smith | Stifel | 10 questions · 0% challenging |
| Gaurav Jain | Barclays | 5 questions · 40% challenging |
| Callum Elliott | Bernstein | 4 questions · 0% challenging |
| Gerald Pascarelli | Needham | 4 questions · 0% challenging |
| Pallav Mittal | Barclays | 4 questions · 25% challenging |
| Andrei Andon-Ionita | Jefferies | 3 questions · 0% challenging |
| Damian McNeil | Deutsche Bank | 3 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Goldman Sachs | 1 analyst | 15 questions · 13% challenging |
| Morgan Stanley | 1 analyst | 12 questions · 8% challenging |
| UBS | 1 analyst | 11 questions · 18% challenging |
| Stifel | 2 analysts | 11 questions · 0% challenging |
| Barclays | 3 analysts | 10 questions · 30% challenging |
| Needham | 1 analyst | 4 questions · 0% challenging |
| Bernstein | 1 analyst | 4 questions · 0% challenging |
| Jefferies | 1 analyst | 3 questions · 0% challenging |
Reporting soon: earnings call Tuesday, Oct 20
A pre-earnings brief is ready for PM: the setup, what peers and partners said this season, and which analysts to watch.Reading it is a Tellvest Pro feature.
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Calendar quarter Q1 2026Earnings call Apr 22, 2026
FY2026 Q1 in brief
Philip Morris delivered over $10 billion in net revenues with a 9% reported increase, though organic growth was more modest at 2.7% as the prior-year comparison was elevated.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Philip Morris International (PM), FY2026 Q1: 7/10. Scores: Philip Morris International’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: PM daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Gross margin | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $9.71B | +7.3% | $-0.37 | -126.2% | 64.7% | 33.6% | -6.0% | $3.72B |
| FY2025 Q1 | $9.30B | +5.8% | $1.72 | +24.6% | 67.3% | 38.1% | 28.9% | $-754M |
| FY2025 Q2 | $10.14B | +7.1% | $1.95 | +26.6% | 67.7% | 37.0% | 30.0% | $3.06B |
| FY2025 Q3 | $10.85B | +9.4% | $2.23 | +13.2% | 67.8% | 39.3% | 32.1% | $4.10B |
| FY2025 Q4 | $10.36B | +6.8% | $1.37 | +470.3% | 65.6% | 32.6% | 20.7% | $4.26B |
| FY2026 Q1Selected | $10.15B | +9.1% | $1.56 | -9.3% | 68.1% | 38.4% | 24.0% | $-752M |
| FY2026 Q2 | $11.19B | +10.4% | $1.80 | -7.7% | 68.4% | 40.5% | 25.2% | — |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Philip Morris delivered over $10 billion in net revenues with a 9% reported increase, though organic growth was more modest at 2.7% as the prior-year comparison was elevated. Adjusted diluted EPS grew an impressive 16% to $1.96, driven by continued smoke-free margin expansion and combustible pricing power. IQOS international momentum accelerated and VEEV reached joint number one closed-pod brand in Europe, though ZYN US shipments faced inventory-related headwinds and the FDA clearance timeline remained uncertain.
Competitive Dynamics | Demand | Product Launch | Revenue Growth | Regulation Policy | Pricing | Margin | Geographic Expansion | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 1 | 1 | 2 | 2 | 2 | 1 | 2 | 3 |
| 2025Q1 | 3 | 4 | 1 | 3 | 1 | 1 | 1 | |
| 2025Q2 | 3 | 4 | 1 | 2 | 2 | 2 | 1 | |
| 2025Q3 | 5 | 3 | 2 | 2 | 1 | 1 | 1 | |
| 2025Q4 | 2 | 2 | 1 | 3 | 2 | 1 | 2 | |
| 2026Q1 | 6 | 6 | 5 | 3 | 3 | 5 | 3 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Competitive Dynamics | 1 | 3 | 3 | 5 | 2 | 6 |
| Demand | 1 | 4 | 4 | 3 | 2 | 6 |
| Product Launch | 2 | 1 | 1 | 2 | 1 | 5 |
| Revenue Growth | 2 | 3 | 2 | 2 | 3 | |
| Regulation Policy | 2 | 1 | 2 | 1 | 3 | 3 |
| Pricing | 1 | 2 | 1 | 2 | 5 | |
| Margin | 2 | 1 | 1 | 1 | 3 | |
| Geographic Expansion | 3 | 1 | 1 | 2 | 1 |
GAAP revenue YoY +9.09% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
PM Philip Morris International | 7 | +9.1% | |
| MO Altria | 6 | +3.2% |