Philips delivers solid comparable sales growth and margin in Q2; reiterates full year comparable sales growth outlook; Adjusted EBITA and free cash flow outlook increased to reflect US tariff refund

Royal Philips reported Q2 2026 comparable sales growth of 4% across all business segments, with group sales of EUR 4.4 billion. The company increased its Adjusted EBITA and free cash flow outlook to reflect a EUR 186 million US tariff refund benefit. Adjusted EBITA margin reached 16.4%, though excluding the tariff benefit, margins were pressured by cost inflation and higher tariffs, partially offset by productivity measures. The company reiterated its full-year 2026 comparable sales growth outlook of 3%-4.5% and raised its Adjusted EBITA margin guidance to 13.5%-14.0%.