Koninklijke Philips N.V. (NYSE:PHG) shares were trading higher on Wednesday as the company reported strong order intake and comparable sales growth in its recent first quarter 2026 performance.

Strong Order Intake And Sales Growth Support Momentum

The positive momentum comes following an announcement that highlighted a 6% increase in order intake and a 4% rise in comparable sales, reflecting disciplined execution in a challenging macro environment, particularly in North America and Europe.

The healthcare technology company reported adjusted earnings of 27 cents per share, beating the consensus of 23 cents.

Sales reached $4.57 billion (3.91 billion euros), slightly below the consensus of $4.60 billion.

Comparable sales increased 4%, with growth across all segments led by Personal Health.

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