Quarterly ResultJul 28, 2026, 06:16 AM
Philips Q2 Comparable Sales +4%; Raises FY Adjusted EBITA & FCF Outlook
AI Summary
Philips reported solid second-quarter 2026 results with 4% comparable sales growth, reaching EUR 4.4 billion, and an Adjusted EBITA margin of 16.4%, significantly boosted by a US tariff refund. Net income for the quarter was EUR 386 million. The company reiterated its full-year comparable sales growth outlook and raised its Adjusted EBITA margin and free cash flow outlook, reflecting the positive impact of the tariff refund and ongoing productivity measures.
Key Highlights
- Q2 2026 comparable sales grew 4% to EUR 4.4 billion.
- Q2 2026 Adjusted EBITA margin increased to 16.4%, including a 4.2% US tariff refund benefit.
- Q2 2026 net income was EUR 386 million, with diluted EPS of EUR 0.40.
- Full-year 2026 Adjusted EBITA margin outlook raised to 13.5%-14.0% (from 12.5%-13.0%).
- Full-year 2026 free cash flow outlook increased to EUR 1.5-1.7 billion (from EUR 1.3-1.5 billion).
- Diagnosis & Treatment comparable sales increased 2%, Connected Care 2%, and Personal Health 8%.
- Comparable order intake declined 1% in Q2 due to timing of large orders.
- Productivity initiatives delivered EUR 132 million in savings in Q2.
Price Impact
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