Altria Q3 FY2026: EPS Misses Consensus, Guidance Raised
Altria's Q3 FY2026 was a mixed quarter: revenue rose 1.0% to $6.13 billion and adjusted EPS rose 4.8% to $1.52, but that was 2.0% below the $1.5518 consensus. Management raised full-year adjusted EPS guidance to $5.66–$5.74. Read the quarter as steady cash generation plus a still-shrinking cigarette base, with oral tobacco margins under pressure.
1 · Expected vs. Actual
Free preview belowReported diluted EPS rose 7.1% to $1.51, and adjusted diluted EPS rose 4.8% to $1.52. The adjusted figure missed the $1.5518 consensus by about 2.0%, so the headline growth rate is not the same as beating expectations. Higher adjusted OCI and higher adjusted ABI earnings drove the increase.
Net revenue rose 1.0% to $6.13 billion, while revenue net of excise taxes rose 3.6% to $5.44 billion. Smokeable revenue was $5.43 billion, up 0.8%, and oral tobacco revenue was $688 million, down 0.1%. Growth came from smokeable pricing and higher tax and duty refunds, not from volume.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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