NYSE$MO

Altria Group Inc · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Altria reported Q1 2026 net revenues of $5.4B and net earnings of $2.2B, with diluted EPS of $1.30.

Net revenues increased to $5.4 billion from $5.3 billion. Net earnings were $2.2 billion, or $1.30 per share, compared with $1.1 billion and $0.63 per share, driven by higher operating companies income and favorable smokeable segment dynamics. Adjusted diluted EPS was $1.32 (+7.3% YoY).

  • Net revenues $5.4B (+1% YoY).
  • Net earnings $2.2B; diluted EPS $1.30.
  • Adjusted diluted EPS $1.32 (+7.3%).
  • Smokeable segment OCI growth supported results.
  • Dividend and buyback capacity discussed in MD&A.

Headline financials

Total Revenue

$5.43B

Previous: $5.26B+3.2%
EPS (adj)

$1.30

Previous: $0.63+106.3%
Capital Expenditures

-$93M

Previous: -$38M-144.7%
Free Cash Flow

$2.23B

No prior period
Net Income

$2.18B

Previous: $1.08B+102.7%
Operating Income

$2.96B

Previous: $1.79B+65.3%
Gross Profit

$3.51B

Previous: $3.25B+7.9%
Cash & Equivalents

$3.53B

No prior period
Total Assets

$34.6B

No prior period

Revenue & EPS history

Altria · Revenue · Quarterly

$5.43B

Q1 2026+3.2%vs Q1 2025
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Altria · $6.26B total across 2 segments · Q3 2023

  • Smokeable Products
    $5.57B-5.3%
  • Oral Tobacco Products
    $685M+2.2%

Forward guidance

MD&A covers nicotine pouch growth, regulatory litigation, and capital returns without quarterly EPS guidance.

Tailwinds

  • Strong smokeable profitability and cash flow.
  • Adjusted EPS growth and shareholder returns.

Headwinds

  • Volume declines in combustible cigarettes.
  • Regulatory and litigation overhang on nicotine products.

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 Q1 2026

Historical avgQ1 2026

-0.3%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+0.7%

Avg return

30 days after

47%

34 / 72 earnings

Positive

+6.7%

Q3 2024

Best reaction

-8.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.9%+6.7%+2.1%
Q4 2025-5.2%+1.6%+9.4%
Q3 2025-7.8%-7.5%-4.8%
Q2 2025+3.6%+4.3%+13.2%
Q1 2025+1.0%+2.4%+2.2%
Q4 2024-2.1%-0.1%+6.1%
Q3 2024+6.7%+7.3%+14.3%
Q2 2024-1.0%-2.4%+6.4%
Q1 2024+1.1%+2.1%+6.0%
Q4 2023+3.1%+1.2%+1.8%
Q3 2023-8.2%-6.2%-3.2%
Q2 2023-1.9%-3.1%-2.6%
Q1 2023+1.8%+1.0%-4.5%
Q4 2022+4.3%+4.3%+3.3%
Q3 2022+0.0%-0.4%-3.4%
Q2 2022-0.5%-0.5%+4.1%
Q1 2022+1.2%+0.9%-0.9%
Q4 2021+2.0%+2.4%+4.1%
Q3 2021-7.1%-7.1%-7.9%
Q2 2021+0.9%+0.4%+4.0%
Q1 2021+1.2%+1.4%+4.3%
Q4 2020-1.8%-0.6%+4.3%
Q3 2020-1.1%+3.3%+9.5%
Q2 2020-1.2%-2.3%+3.8%
Q1 2020-6.3%-9.1%-3.5%
Q4 2019-5.1%-7.2%-19.4%
Q3 2019-2.0%+0.6%+8.1%
Q2 2019-6.4%-4.7%-12.0%
Q1 2019-3.5%-0.7%-4.2%
Q4 2018+2.9%+2.6%+10.4%
Q3 2018+1.3%+5.7%-13.8%
Q2 2018+0.1%+1.4%+1.6%
Q1 2018+0.5%+0.3%-0.4%
Q4 2017-1.3%-5.4%-11.1%
Q3 2017+1.8%+0.7%+2.6%
Q2 2017-6.7%-8.7%-10.7%
Q1 2017-0.8%+0.2%+6.5%
Q4 2016+0.4%+0.2%+6.2%
Q3 2016+2.1%+1.5%-0.1%
Q2 2016-1.2%-0.4%-3.1%
Q1 2016+1.9%
Q4 2015+3.6%
Q3 2015-1.6%
Q2 2015-1.9%
Q1 2015-0.1%
Q4 2014-1.1%
Q3 2014+1.6%
Q1 2014+2.1%
Q4 2013-3.3%
Q3 2013-0.4%
Q2 2013-3.6%
Q1 2013+1.5%
Q4 2012+1.5%
Q3 2012-1.2%
Q2 2012-0.3%
Q1 2012-0.2%
Q4 2011+1.4%
Q3 2011+1.1%
Q2 2011+0.7%
Q1 2011-0.5%
Q4 2007+2.7%
Q4 2010+2.7%
Q3 2010+1.2%
Q2 2010-1.4%
Q1 2009+1.2%
Q1 2010+0.9%
Q4 2009+2.2%
Q3 2008-0.5%
Q3 2009-0.5%
Q4 2008-0.7%
Q2 2009-0.7%
Q2 2008-0.7%

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