Quick Take: Philips Q2 ‘26 beats on tariff refund; Group underlying numbers in line but D&T misses and orders weaker

Research evidence excerpt

Quick Take: Philips Q2 ‘26 beats on tariff refund; Group underlying numbers in line but D&T misses and orders weaker

Susannah Ludwig +41 582 723 127 susannah.ludwig@bernsteinsg.com 27 July 2026

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