Q1 26 EPS
$1.32
BEAT +5.92%
Est. $1.25
Q1 26 Revenue
$5.43B
BEAT +18.58%
Est. $4.58B
vs S&P Since Q1 26
-12.8%
TRAILING MARKET
MO -5.2% vs S&P +7.7%
Market Reaction
Did MO Beat Earnings? Q1 2026 Results
Altria Group delivered a strong beat on both lines in Q1 2026, extending its streak of consensus EPS beats to four consecutive quarters as the tobacco giant posted adjusted diluted EPS of $1.32, clearing the $1.25 consensus estimate by 5.92%, while r… Read more Altria Group delivered a strong beat on both lines in Q1 2026, extending its streak of consensus EPS beats to four consecutive quarters as the tobacco giant posted adjusted diluted EPS of $1.32, clearing the $1.25 consensus estimate by 5.92%, while revenue of $5.43 billion topped expectations by 18.58% and grew 20.1% year over year. The headline revenue surge was driven in large part by the introduction of contract manufactured export cigarettes, a new activity that added 610 million sticks to shipment volumes, alongside continued pricing strength in the smokeable products segment, where adjusted operating companies income rose 6.3% to $2.68 billion and margins expanded to 65.1%. Growth was partially offset by Marlboro's retail share slipping 1.4 points to 39.7% and mounting competition in nicotine pouches, where on!'s category share fell to 13.4%. Looking ahead, Altria reaffirmed its full-year 2026 adjusted diluted EPS guidance of $5.56 to $5.72, reflecting 2.5% to 5.5% growth, with management now expecting a more balanced earnings cadence across both halves of the year.
Key Takeaways
- • Higher pricing across smokeable and oral tobacco segments
- • Refunds of taxes and duties paid on imported cigarettes in 2026
- • Fewer shares outstanding contributing to adjusted diluted EPS growth
- • Marlboro strengthened its position in the premium cigarette segment with 59.5% share
- • on! nicotine pouch shipment volume grew 17.6%
- • Introduction of contract manufactured export cigarettes (610 million sticks)
MO YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
MO Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered a strong start to the year, growing adjusted diluted EPS by 7.3% in the first quarter. Our highly cash-generative businesses supported significant returns to shareholders through dividends and share repurchases, while we continued to invest in support of our Vision.”
— Billy Gifford, Q1 2026 Earnings Press Release
MO Earnings Trends
MO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
MO EPS Trend
Earnings per share: estimate vs actual
MO Revenue Trend
Quarterly revenue: estimate vs actual
MO Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 | $1.50 | — | — | — | — |
| Q1 26 BEAT | $1.25 | $1.32 | +5.92% | $5.43B | +18.58% |
| Q4 25 MISS FY | $1.32 | $1.30 | -1.33% | $5.85B | +16.17% |
| FY Full Year | — | $5.42 | — | $23.28B | — |
| Q3 25 BEAT | $1.45 | $1.45 | +0.12% | $5.25B | -1.05% |
| Q2 25 BEAT | $1.38 | $1.44 | +3.99% | $5.29B | +1.94% |
| Q1 25 BEAT | $1.19 | $1.23 | +3.53% | $5.26B | +13.95% |