---
title: "Altria Reports Q2 2026: Adjusted EPS $1.48, Narrows Full-Year Guidance to $5.61–$5.72"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294353219.md"
description: "Altria reported Q2 2026 adjusted EPS of $1.48, up 2.8% year-over-year, with net revenues of $6.11 billion. The company narrowed its full-year adjusted diluted EPS guidance to $5.61–$5.72 and raised capital expenditure expectations to $375–$450 million for manufacturing consolidation. Altria returned nearly $3.9 billion to shareholders in the first half through dividends and buybacks. Key business updates include resumed shipments of Helix products and strong interest in Marlboro Cowboy Cut."
datetime: "2026-07-30T11:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294353219.md)
  - [en](https://longbridge.com/en/news/294353219.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294353219.md)
---

# Altria Reports Q2 2026: Adjusted EPS $1.48, Narrows Full-Year Guidance to $5.61–$5.72

Altria reported second-quarter 2026 results with net revenues of $6.11 billion and adjusted diluted EPS of $1.48, up 2.8% versus Q2 2025. For the first half, adjusted diluted EPS rose 4.9% to $2.80 and the company returned nearly $3.9 billion to shareholders through dividends and buybacks. Altria narrowed its full-year 2026 adjusted diluted EPS guidance to $5.61–$5.72 and raised expected capital expenditures to $375–$450 million to support a manufacturing consolidation plan.

**Financial Highlights**

-   Net revenues: $6,111 million for Q2 2026, essentially unchanged (0.1%) versus Q2 2025.
-   Revenues net of excise taxes: $5,356 million for Q2 2026, up 1.2% year-over-year.
-   Gross profit (reported): $3,820 million for Q2 2026 (as presented in consolidated statements of earnings).
-   Operating income (reported): $3,136 million for Q2 2026 (operating income shown in consolidated statements).
-   Adjusted diluted EPS: $1.48 for Q2 2026 (up 2.8% vs. Q2 2025); first-half adjusted diluted EPS $2.80 (up 4.9%).

**Business Highlights**

-   Smoke-free portfolio: Helix resumed shipments of 12 mg on! PLUS in Florida, North Carolina and Texas and plans national expansion in Q3; additional on! PLUS flavors and nicotine strengths launching later in 2026.
-   Smokeable products: PM USA advanced a data-driven portfolio approach; Marlboro Cowboy Cut generated strong interest among premium smokers and discount brands (including Basic) gained traction.
-   Shipment and volume trends: Total domestic cigarette shipment volume declined (reported down 3.2% in Q2; adjusted for trade inventories an estimated 4.5% decline for Altria’s smokeable products), while contract-manufactured export cigarette shipments increased materially versus prior year.
-   Oral tobacco: on! retail share increased sequentially (8.6% in Q2) amid a growing nicotine pouch category, though segment shipment volume declined year-over-year and USSTC consolidation contributed to related implementation costs.
-   Capital allocation and operations: Returned nearly $3.9 billion to shareholders in H1 through dividends and repurchases; repurchased 5.3 million shares year-to-date and had $665 million remaining under the $2 billion program as of June 30, 2026; raised 2026 capex expectation to $375–$450 million primarily to support USSTC manufacturing consolidation.

Original SEC Filing: ALTRIA GROUP, INC. \[ MO \] - 8-K - Jul. 30, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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