Philips seen up on Q4 beat, better FY margin outlook

Koninklijke Philips

10/02/2026 07:56

** Shares in Philips PHG.AS seen up about 5%, traders cite better-than-expected Q4 and FY margin outlook

** Philips reports Q4 sales of EUR 5.1 bln ($6.07 bln), with adj. EBITA at EUR 770 mln; it expects 2026 adjusted EBITA margin of 12.5%-13.0%

** Both figures exceed consensus as cited by J.P. Morgan by 2.1% and 14.6% respectively

** RBC also points to Q4 beat driven by connected care and personal health, while mid-term guidance implies upside to consensus

** Philips guides for 2026-2028 comparable sales growth at mid-single-digits CAGR and adjusted EBITA margin at mid-teens in 2028

($1 = 0.8403 euros)

 (Reporting by Piotr Lipinski)

 ((piotr.lipinski@tr.com))