EURONEXT-AMS$PHG
Koninklijke Philips N.V. · Q2 2026 earnings
Q2 2026 earnings · · Investor relations
Briefing
Koninklijke Philips N.V. reported solid Q2 2026 results with 4% comparable sales growth and improved margins driven by a US tariff refund.
Philips delivered group sales of EUR 4.4 billion in Q2 2026, reflecting 4% comparable sales growth across all segments. Income from operations reached EUR 609 million, with adjusted EBITA margin expanding to 16.4% including tariff benefits. The company reiterated its full-year comparable sales growth outlook while raising adjusted EBITA and free cash flow guidance.
- Group sales EUR 4.36 billion with 4% comparable sales growth; Personal Health led at 8% growth.
- Adjusted EBITA margin 16.4% (up from 12.4% YoY), boosted by EUR 186 million US tariff refund benefit.
- Net income EUR 386 million; diluted EPS EUR 0.40 and adjusted EPS EUR 0.49.
- Free cash flow EUR 222 million; productivity savings EUR 132 million in the quarter.
Headline financials
Revenue & EPS history
Philips · Revenue · Quarterly
€4.96B
Revenue by segment
Philips · €4.16B total across 3 segments · Q3 2025
- Diagnosis & Treatment€2.08B—50.0%
- Connected Care€1.2B—28.8%
- Personal Health€883M—21.2%
Forward guidance
Full-year 2026 comparable sales growth outlook reiterated at 3%-4.5%; adjusted EBITA margin raised to 13.5%-14.0% and free cash flow to EUR 1.5-1.7 billion to reflect US tariff refund.
Tailwinds
- Strong segment growth and innovation launches
- Productivity program on track for EUR 1.5 billion savings
Headwinds
- Comparable order intake declined 1% due to timing of large orders
- Macro uncertainty including tariffs and inflation
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+0.7%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+0.1%
Avg return
30 days after
59%
37 / 63 earnings
Positive
+26.0%
Q1 2024
Best reaction
-15.3%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| Q1 2026 | +2.8% | -19.7% | -16.1% | |
| Q4 2025 | +11.1% | +5.5% | -4.6% | |
| Q3 2025 | +3.4% | +3.5% | -2.0% | |
| Q2 2025 | +7.2% | +3.1% | +7.5% | |
| Q4 2024 | -11.6% | -8.2% | -10.0% | |
| Q3 2024 | -15.3% | -16.4% | -14.3% | |
| Q2 2024 | +13.2% | +10.6% | +19.1% | |
| Q1 2024 | +26.0% | +27.3% | +29.3% | |
| Q3 2023 | +3.1% | +1.4% | +16.1% | |
| Q2 2023 | -6.8% | -9.4% | -3.7% | |
| Q1 2023 | +10.2% | +11.0% | +2.4% | |
| Q4 2022 | +0.8% | +4.2% | -5.2% | |
| Q3 2022 | -0.6% | -3.3% | +9.3% | |
| Q2 2022 | -3.5% | -6.3% | -19.8% | |
| Q1 2022 | -14.3% | -15.0% | -18.4% | |
| Q4 2021 | +0.1% | -1.5% | +3.0% | |
| Q3 2021 | +0.8% | +7.9% | -7.3% | |
| Q2 2021 | -5.1% | -4.0% | -6.0% | |
| Q1 2021 | -6.3% | -7.3% | -6.4% | |
| Q4 2020 | +4.2% | -2.3% | +1.4% | |
| Q3 2020 | +4.8% | +2.6% | +6.2% | |
| Q2 2020 | +4.4% | +4.0% | +3.8% | |
| Q1 2020 | +2.0% | +5.1% | +9.8% | |
| Q4 2019 | -2.9% | -0.7% | +10.5% | |
| Q3 2019 | -2.5% | -7.5% | -14.8% | |
| Q2 2019 | +8.7% | -0.3% | -4.3% | |
| Q1 2019 | +6.1% | +3.0% | +10.0% | |
| Q4 2018 | +3.5% | -1.3% | -0.4% | |
| Q3 2018 | -9.0% | -9.1% | -7.3% | |
| Q2 2018 | -0.5% | +3.2% | +1.6% | |
| Q1 2018 | +4.0% | +5.3% | +4.1% | |
| Q4 2017 | -2.5% | -5.4% | -9.2% | |
| Q3 2017 | -3.4% | -2.1% | -5.7% | |
| Q2 2017 | +5.3% | +5.1% | +4.9% | |
| Q1 2017 | +6.2% | +5.4% | +8.5% | |
| Q4 2016 | -1.1% | -1.4% | -1.4% | |
| Q3 2016 | +4.2% | +6.2% | +3.7% | |
| Q2 2016 | +2.4% | +1.8% | +11.3% | |
| Q1 2016 | -2.2% | — | — | |
| Q4 2015 | +6.2% | — | — | |
| Q3 2015 | +0.5% | — | — | |
| Q2 2015 | +5.1% | — | — | |
| Q1 2015 | -3.8% | — | — | |
| Q4 2014 | -7.6% | — | — | |
| Q3 2014 | -1.6% | — | — | |
| Q2 2014 | +4.1% | — | — | |
| Q1 2014 | -6.5% | — | — | |
| Q4 2013 | -2.7% | — | — | |
| Q3 2013 | +6.2% | — | — | |
| Q2 2013 | +1.6% | — | — | |
| Q1 2013 | -0.5% | — | — | |
| Q4 2012 | -3.3% | — | — | |
| Q3 2012 | +0.3% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q1 2012 | -1.0% | — | — | |
| Q4 2011 | +0.1% | — | — | |
| Q3 2011 | -9.6% | — | — | |
| Q2 2011 | +4.7% | — | — | |
| Q1 2011 | +1.2% | — | — | |
| Q4 2010 | -0.9% | — | — | |
| Q3 2010 | +0.5% | — | — | |
| Q2 2010 | +0.5% | — | — | |
| Q1 2010 | +2.7% | — | — |
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