Altria's second quarter adjusted EPS of $1.48 missed estimates as the company narrowed its full-year 2026 guidance.

Altria reported second quarter 2026 revenues net of excise taxes of $5.4 billion, up 1.2% year-over-year, and adjusted diluted EPS of $1.48, a 2.8% increase from the prior year. The company narrowed its full-year 2026 adjusted diluted EPS guidance, raising the lower end of the range.

Key Highlights

• Altria narrowed its full-year 2026 adjusted diluted EPS guidance to a range of $5.61 to $5.72, representing 3.5% to 5.5% growth from 2025.
• Smokeable products segment reported domestic cigarette shipment volume decreased 3.2%, or an estimated 4.5% adjusted for trade inventory movements, with higher pricing partially offsetting the decline.
• The oral tobacco products segment experienced a 5.3% decline in net revenues, driven by an 8.5% decrease in domestic shipment volume.