Altria (MO) Q3 2026 Earnings
How Did MO Stock React to Q3 2026 Earnings?
Did MO Beat Earnings? Q3 2026 Results
Yes. Altria reported Q3 2026 earnings of $1.52 a share on Oct 29, 2026, beating the $1.51 consensus estimate by 0.7%. Revenue was $5.4B against a $5.3B estimate.
Altria Group posted a solid third quarter, beating Wall Street expectations on both the top and bottom lines as pricing power and a surge in equity income from AB InBev more than offset persistent volume headwinds. Adjusted EPS came in at $1.52, edging past the $1.51 consensus estimate by 0.70%, while revenue of $5.44 billion topped forecasts of $5.31 billion by 2.46% and grew 3.6% year over year. The most material driver beneath those headline numbers was a sharp jump in ABI equity income, which rose to $228 million from $123 million a year earlier, providing meaningful lift to both reported and adjusted earnings. Within operations, the smokeable products segment carried its weight, with adjusted OCI margins reaching 64.5% on higher pricing and favorable tax refunds on imported cigarettes, even as domestic cigarette shipments fell an estimated 4% on an adjusted basis. Oral tobacco remained a soft spot, with segment adjusted OCI down 3.7% and pouch brand on! losing 1.3 points of share in the nicotine pouch category. Looking ahead, Altria raised its full-year adjusted diluted EPS guidance to $5.66 to $5.74, representing 4.5% to 6.0% growth from its 2025 base.
- Higher smokeable pricing and higher refunds of taxes and duties on imported cigarettes lifted smokeable adjusted OCI 3.9%
- Higher adjusted earnings from ABI investment (ABI equity income $228M vs $123M)
- Domestic cigarette shipments down 2.9% (down an estimated 4% adjusted for trade inventory); industry volume down an estimated 5%
- Discount cigarette shipments up 40.5% while Marlboro shipments fell 6.4%
- Oral tobacco adjusted OCI down 3.7% on lower volume, higher costs and promotional investments
- Copenhagen volume down 10.1% and Skoal down 12.6%; on! volume up 13.3%
- Contract manufactured export cigarette volume rose to 1,595 million sticks from 311 million
“Altria delivered strong financial performance in the third quarter, growing adjusted diluted earnings per share by 4.8%, while continuing to invest in our Vision and building on our foundation for the future.”
Altria CEO, on the earnings call
What Is Altria's Outlook?
Altria raised its 2026 full-year adjusted diluted EPS guidance to $5.66–$5.74, representing 4.5% to 6.0% growth from a 2025 base of $5.42. The guidance contemplates: - moderated e-vapor industry growth affecting combustible and e-vapor volumes; - increased macroeconomic uncertainty for adult nicotine consumers; - investments in contract manufacturing capabilities; - NJOY ACE not returning to market in 2026; - reinvestment of Optimize & Accelerate cost savings; - investments supporting its Vision. Altria maintains its goal of mid-single-digit annual dividend per share growth through 2028. Helix plans to launch on! PLUS Watermelon Mint in select retail locations in Q4.
MO YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $5.4B | $5.3B | +3.6% |
| Gross Profit | $3.9B | $3.8B | +3.4% |
| Operating Income | $3.3B | $3.2B | +2.6% |
| Net Income | $2.5B | $2.4B | +6.0% |
MO Revenue by Segment
When Does Altria Report Next?
Figures from SEC filings and company reports. Not investment advice.