Altria Group (MO) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 04, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.47

Last Year’s EPS

1.44

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 8 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:Apr 30, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presented a mixed picture: operational and financial strengths (7.3% adjusted EPS growth, strong smokeable segment margins, on! shipment growth and national rollout, ABI earnings growth, robust dividends and buybacks, and a solid balance sheet) were balanced against meaningful headwinds (notably sizable adjusted declines in Oral Tobacco volumes and retail share, cigarette volume declines, Marlboro retail share pressure and persistent illicit e-vapor market issues). Management’s reaffirmed but modest full-year guidance and emphasis on macro uncertainty underscore a cautious tone despite strong cash generation and execution in key areas.

Company Guidance

Altria reaffirmed 2026 full‑year adjusted diluted EPS guidance of $5.56–$5.72 (growth of 2.5%–5.5% from a $5.42 base in 2025) and said Q1’s stronger results (adjusted diluted EPS up 7.3% year‑over‑year) make 2026 growth likely to be more balanced between the first and second halves of the year; the company noted the guidance already contemplates moderated industry growth in combustible and e‑vapor volumes and heightened macroeconomic uncertainty. Management reiterated its capital return and balance‑sheet posture (Q1 dividends ≈ $1.8B; share repurchases of 4.5M shares for $280M with ~$72M remaining under the program; >$1B of debt retired; total debt/EBITDA 1.9x). They also cited related operating metrics that underpin the outlook: smokeable adjusted OCI +6.3% with a 65.1% margin (+0.7 ppt), oral tobacco adjusted OCI >$400M with a 67.4% margin, on! portfolio shipments ~46M cans (+~18%), nicotine pouches now >58% of oral tobacco (category +9.1 share points), reported domestic cigarette volumes −2.4% (−4% adjusted shipments; industry −5% adjusted).

Adjusted Diluted EPS Growth

Adjusted diluted EPS grew 7.3% in Q1 2026 versus Q1 2025, indicating a strong start to the year.

Smokeable Segment Profitability

Smokeable segment adjusted OCI increased 6.3% with adjusted OCI margins expanding to 65.1% (up 0.7 percentage points). Net price realization was 6.3%.

on! Portfolio Shipment Growth and on! PLUS Rollout

Reported shipment volume for the total on! portfolio grew nearly 18% to over 46 million cans in Q1. on! PLUS began nationwide shipping in March and was available in approximately 100,000 stores at quarter-end, with those stores representing roughly 85% of nicotine pouch category volume.

Helix Retail Execution and Trade Program

Helix trade program secured premium retail positioning in contracted stores representing ~90% of Helix volume; on! and on! PLUS together represented 7.8% of the total oral tobacco category (up 0.2 share points sequentially).

E-vapor Market Stabilization Signals

Company estimates ~20.5 million adult vapors (in line with year-ago). Management reported moderation in illicit flavored disposable growth due to increased enforcement and supply disruption, suggesting early category stabilization potential.

ABI Equity Earnings and Financial Returns to Shareholders

Recorded $160 million in adjusted equity earnings from ABI, up 9.6% year-over-year. Returned substantial capital to shareholders: paid ~ $1.8 billion in dividends and repurchased 4.5 million shares for $280 million in Q1.

Balance Sheet and Debt Reduction

Retired just over $1 billion of matured debt in February and finished the quarter with total debt-to-EBITDA of 1.9x, in line with targets. $72 million remained available under the current share repurchase program.

Altria Group (MO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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MO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 04, 2026	2026 (Q2)	1.47 / -	1.44	―	―	―
Apr 30, 2026	2026 (Q1)	1.25 / 1.32	1.23	7.32% (+0.09)
Jan 29, 2026	2025 (Q4)	1.32 / 1.30	1.29	0.78% (+0.01)
Oct 30, 2025	2025 (Q3)	1.44 / 1.45	1.38	5.07% (+0.07)
Jul 30, 2025	2025 (Q2)	1.39 / 1.44	1.31	9.92% (+0.13)
Apr 29, 2025	2025 (Q1)	1.19 / 1.23	1.15	6.96% (+0.08)
Jan 30, 2025	2024 (Q4)	1.28 / 1.29	1.18	9.32% (+0.11)
Oct 31, 2024	2024 (Q3)	1.35 / 1.38	1.28	7.81% (+0.10)
Jul 31, 2024	2024 (Q2)	1.34 / 1.31	1.31	0.00% (0.00)
Apr 25, 2024	2024 (Q1)	1.15 / 1.15	1.18	-2.54% (-0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jan 29, 2026	$62.09	$58.77	-5.34%
Oct 30, 2025	$59.85	$55.18	-7.81%
Jul 30, 2025	$56.42	$58.45	+3.61%
Apr 29, 2025	$54.37	$54.91	+1.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.