Provision for 288 million euros in settlement reserves drags down net profit, but Philips (PHG.US) Q3 core earnings still beat expectations

According to Zhitong Finance APP, thanks to higher sales and stricter cost control, Philips (PHG.US) reported better-than-expected earnings for the third quarter of 2026. The financial report shows that the company’s sales reached 4.393 billion euros, a nominal increase of 2% and a comparable increase of 3%, slightly lower than the market expectation of about 4.41 billion euros. Adjusted diluted earnings per share were 0.40 euros, compared to 0.36 euros in the same period last year.