--- title: "Altria | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 6.111 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294351904.md" datetime: "2026-07-30T11:08:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294351904.md) - [en](https://longbridge.com/en/news/294351904.md) - [zh-HK](https://longbridge.com/zh-HK/news/294351904.md) --- # Altria | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 6.111 B Revenue: As of FY2026 Q2, the actual value is USD 6.111 B, beating the estimate of USD 5.348 B. EPS: As of FY2026 Q2, the actual value is USD 1.37, missing the estimate of USD 1.4926. EBIT: As of FY2026 Q2, the actual value is USD 3.224 B. ### Overall Financial Performance - Second Quarter 2026 - Gross profit was $3,820 million, a decrease of -0.8% from Q2 2025. - Operating companies income (OCI) was $3,246 million, a decrease of -2.2% compared to Q2 2025. - Operating income was $3,136 million, a decrease of -2.9%. - Net earnings were $2,298 million, a decrease of -3.4% compared to Q2 2025. - The reported effective tax rate was 21.5%, a decrease of -2.2 percentage points. - The adjusted effective tax rate was 23.0%, a decrease of -0.3 percentage points. ### Overall Financial Performance - First Half 2026 - Gross profit was $7,326 million, an increase of 3.2% compared to the first half of 2025. - Operating companies income (OCI) was $6,278 million, an increase of 20.5% compared to the first half of 2025. - Operating income increased by 21.4% to $6,092 million. - Net earnings were $4,481 million, an increase of 29.7% compared to the first half of 2025. - The reported effective tax rate was 22.6%, a decrease of -5.4 percentage points. - The adjusted effective tax rate was 23.0%, a decrease of -0.4 percentage points. ### Shareholder Returns - In the second quarter of 2026, Altria Group, Inc. repurchased 0.8 million shares for a total cost of $55 million at an average price of $65.11 per share. - Through the first half of 2026, 5.3 million shares were repurchased for a total cost of $335 million at an average price of $62.78 per share. - As of June 30, 2026, $665 million remained under the $2 billion share repurchase program, which expires on December 31, 2026. - Dividends paid were $1.8 billion in the second quarter and $3.6 billion in the first half of 2026. ### Segment Performance - Smokeable Products Segment #### Second Quarter 2026 - Net revenues increased by 0.7% to $5,392 million. - Revenues net of excise taxes increased by 2.0% to $4,660 million. - Reported OCI increased by 0.4% to $2,942 million. - Adjusted OCI increased by 2.4% to $3,018 million, with Adjusted OCI margins increasing by 0.3 percentage points to 64.8%. - Domestic cigarette shipment volume decreased by -3.2%. - Marlboro volume decreased by -7.4% and Discount volume increased by 67.3%. - Reported cigar shipment volume increased by 5.0% to 503 million. - Marlboro retail share of the total cigarette category was 39.5%, a decrease of -1.5 share points, while its share of the premium segment was 59.6%, unchanged. - The cigarette industry discount retail share increased by 2.6 share points to 33.8%. #### First Half 2026 - Net revenues increased by 1.7% to $10,150 million. - Revenues net of excise taxes increased by 3.5% to $8,770 million. - Reported OCI increased by 4.0% to $5,615 million. - Adjusted OCI increased by 4.2% to $5,694 million, with Adjusted OCI margins increasing by 0.4 percentage points to 64.9%. - Domestic cigarette shipment volume decreased by -2.8%. - Marlboro volume decreased by -7.6% and Discount volume increased by 94.4%. - Reported cigar shipment volume increased by 2.6% to 907 million. - Marlboro retail share of the total cigarette category was 39.6%, a decrease of -1.4 share points, and its share of the premium segment was 59.6%, an increase of 0.1 share point. - The cigarette industry discount retail share increased by 2.6 share points to 33.6%. - Contract manufactured export cigarettes shipment volume increased by over 100%. ### Segment Performance - Oral Tobacco Products Segment #### Second Quarter 2026 - Net revenues decreased by -5.3% to $713 million. - Revenues net of excise taxes decreased by -5.2% to $690 million. - Reported OCI decreased by -23.5% to $381 million. - Adjusted OCI decreased by -8.0% to $460 million, with Adjusted OCI margins decreasing by -2.0 percentage points to 66.7%. - Domestic shipment volume decreased by -8.5%, with Copenhagen volume down -10.9% and Skoal volume down -13.7%, while on! volume decreased by -4.2%. - The on! retail share of the oral tobacco category was 8.6%, an increase of 0.3 share points. #### First Half 2026 - Net revenues decreased by -1.8% to $1,382 million. - Revenues net of excise taxes decreased by -1.5% to $1,337 million. - Reported OCI decreased by -12.4% to $816 million. - Adjusted OCI decreased by -4.2% to $896 million, with Adjusted OCI margins decreasing by -1.9 percentage points to 67.0%. - Domestic shipment volume decreased by -6.0%, with Copenhagen volume down -10.7% and Skoal volume down -12.5%, while on! volume increased by 5.1%. - The on! retail share of the U.S. oral tobacco category was 8.2%, a decrease of -0.3 share points. - The total oral industry volume increased by an estimated 6%. ### Outlook / Guidance Altria Group, Inc. narrowed its 2026 full-year adjusted diluted EPS guidance to a range of $5.61 to $5.72, representing a growth rate of 3.5% to 5.5% from a base of $5.42 in 2025. This guidance anticipates impacts from moderated e-vapor industry growth, increased macroeconomic uncertainty, and investments in contract manufacturing capabilities and its Vision. Capital expenditures for 2026 are expected to be between $375 million and $450 million, an increase from the previous expectation of $300 million to $375 million, primarily due to investments in the USSTC Facilities Consolidation. ### Related Stocks - [MO.US](https://longbridge.com/en/quote/MO.US.md) ## Related News & Research - [Altria Stock: Why Q2 Matters for Its High-Yield Appeal](https://longbridge.com/en/news/293984082.md) - [NJOY ACE outlook, macroeconomic uncertainty clouds Altria's FY26 guidance](https://longbridge.com/en/news/294365457.md) - [Altria Reports Q2 2026: Adjusted EPS $1.48, Narrows Full-Year Guidance to $5.61–$5.72](https://longbridge.com/en/news/294353219.md) - [MO: Adjusted EPS up 4.9% in H1; 2026 guidance narrowed amid strong smokeable performance](https://longbridge.com/en/news/294358363.md) - [Dimensional Fund Advisors LP Has $276.22 Million Position in Altria Group, Inc. $MO](https://longbridge.com/en/news/293575880.md)