EURONEXT-AMS$PHG
Koninklijke Philips N.V. · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Philips delivered strong sales growth, margin expansion and solid cash flow in the fourth quarter of 2025.
In Q4 2025, Philips reported solid revenue growth across all segments, strong profitability with a meaningful increase in operating income, and robust cash generation.
- Q4 revenue grew with positive performance across all business segments.
- Operating income increased sharply year over year, supported by higher gross margins and productivity.
- Adjusted EBITA margin expanded significantly in the quarter.
- Free cash flow generation was strong, strengthening the balance sheet.
Headline financials
Revenue & EPS history
Philips · Revenue · Quarterly
$5.99B
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
Philips expects continued growth, margin improvement and solid cash flow generation in 2026.
Tailwinds
- Comparable sales growth expected to be between 3% and 4.5% in 2026.
- Adjusted EBITA margin expected to improve further.
- Strong free cash flow outlook for 2026.
- Ongoing productivity initiatives to support profitability.
- Innovation pipeline expected to support long-term growth.
Headwinds
- Macroeconomic uncertainty may affect demand.
- Tariffs could continue to pressure margins.
- Regulatory and legal risks remain, including Respironics-related matters.
- Currency volatility may impact reported results.
- Geopolitical risks could affect supply chains.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+0.5%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-0.4%
Avg return
30 days after
58%
36 / 62 earnings
Positive
+26.0%
Q1 2024
Best reaction
-15.3%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| 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% | |
| 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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