Philips N.V. (NYSE: PHG)
Medical Devices · Amsterdam, Netherlands · Founded 1891
- Market capitalization: $20.0 billion
- Annual revenue: $19.0 billion
- Net income: $-0.5 billion
- Employees: 69,000
- Sector: Healthcare
- Headquarters: Amsterdam, Netherlands
- Founded: 1891
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Philips is a Dutch health technology company focused on diagnostic imaging, patient monitoring, connected care, and personal health products. They've transformed from a diversified electronics conglomerate into a pure-play healthcare company. The Respironics recall crisis has been a major setback.
Revenue from selling medical devices (MRI machines, CT scanners, patient monitors), healthcare IT solutions, and personal health products (electric toothbrushes, shavers). Service contracts on installed medical equipment provide recurring revenue.
Founded in 1891 in Eindhoven, Netherlands, as a light bulb manufacturer. Philips divested its lighting business (now Signify) in 2016 and its domestic appliances unit in 2021 to focus on healthcare. The 2021 Respironics recall — affecting millions of sleep apnea devices due to degrading foam — has cost over $5 billion in charges and legal settlements.
| Market Capitalization | $20.0B |
| Annual Revenue | $19.0B |
| Net Income | $-0.5B |
| Profit Margin | -3% |
| Revenue per Employee | $275362K |
| Stock Exchange | NYSE |
| Ticker Symbol | PHG |
Financial data is approximate and based on most recent annual filings.
The Respironics recall affected over 5 million devices and triggered a DOJ investigation. Philips invented the compact disc (with Sony), the cassette tape, and the Blu-ray format — technologies that defined consumer electronics for decades.
Philips' healthcare pivot was the right strategy, but the Respironics disaster has been devastating. The underlying business is strong; the legal and reputational damage will take years to repair.
What is Philips N.V.'s revenue?
Philips N.V. generates approximately $19.0 billion in annual revenue.
How many employees does Philips N.V. have?
Philips N.V. employs approximately 69,000 people worldwide.
What is Philips N.V.'s market cap?
Philips N.V. (PHG) has a market capitalization of approximately $20.0 billion on the NYSE.
When was Philips N.V. founded?
Philips N.V. was founded in 1891 and is headquartered in Amsterdam, Netherlands.
Who is the CEO of Philips N.V.?
Roy Jakobs is the current CEO of Philips N.V..
What is Philips N.V.'s website?
Philips N.V.'s official website is philips.com.
| CEO | Roy Jakobs |
| Sector | Healthcare |
| Industry | Medical Devices |
| Founded | 1891 |
| HQ | Amsterdam |
| Country | Netherlands |
| Website | philips.com |
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