Altria Group reported adjusted earnings of $1.32 per share for the first quarter of 2026. This result beat the consensus estimate of $1.25. Quarterly revenue reached $4.76 billion, surpassing the anticipated $4.58 billion. The smokable products segment drove these results with a 6.3% rise in adjusted operating companies income.
The company reaffirmed its full-year 2026 adjusted EPS guidance of $5.56 to $5.72. This forecast represents a growth rate of 2.5% to 5.5%. Altria paid approximately $1.8 billion in dividends during the quarter. The firm also repurchased $280 million worth of shares.
Altria shares traded higher following the announcement. Stifel and Citigroup raised their price targets on the stock in response to the financial performance.