Archer-Daniels-Midland Company Earnings Recaps
Q2 2026
Aug 7, 2026
ADM’s shares edged down 0.6% following its Q2 report as the market appeared cautious despite generally stable execution and rising guidance, signaling skepticism over the sustainability of margin gains and the pace of growth ahead.
Key takeaways
- Reported adjusted EPS of $1.84 and segment operating profit of $1.5 billion for Q2 2026.
- Raised full-year adjusted EPS guidance significantly to $5.15–$5.60 from $4.15–$4.70, citing strong first-half results and a positive outlook.
- Global oilseed processing volumes increased by nearly 5% year-over-year, supported by higher asset utilization.
- Biofuels benefited from robust margins amid elevated energy prices and favorable ethanol export conditions.
- Nutrition segment showed momentum with growth in Flavors and Animal Nutrition, supported by portfolio actions and regional strength.
Q1 2026
May 6, 2026
ADM’s shares slipped just shy of a neutral reaction, rising 2.3% post-earnings, reflecting tempered investor response despite raised guidance and improved margins in crushing and ethanol segments. While operational efficiency gains and favorable commodity conditions provided support, the market appeared cautious on the overall tone and incremental upside.
Key takeaways
- Adjusted EPS came in at $0.71 for Q1 2026, with total segment operating profit of $764 million.
- The company raised full-year adjusted EPS guidance to $4.15–$4.70 from $3.60–$4.25, citing constructive margin environments, particularly in soy crush and ethanol.
- Soybean crush volumes increased 2% year-over-year, reaching a record global crush production level.
- Ethanol margins strengthened, offsetting softness in starches and sweeteners volumes.
- Continued focus on cost reduction, automation, AI in workflows, and supply chain improvements aimed at long-term margin and cash flow expansion.
Q3 2025
Nov 4, 2025
ADM delivered a solid third quarter with adjusted earnings per share of $0.92 and strong cash flow, despite facing a challenging operating environment.
Key takeaways
- Total segment operating profit reached $845 million, while cash flow from operations before working capital changes was $2.1 billion year-to-date.
- Ag Services & Oilseeds reported a 2.6% increase in crush volumes, aided by a robust export program, despite lower margins.
- Nutrition segment showed continuous improvement, with Flavors North America achieving record quarterly revenue and a new joint venture in Animal Nutrition planned for 2026.
- The company aims to achieve $200 million to $300 million in cost savings in 2025 and overall savings of $500 million to $750 million over the next 3 to 5 years.
- ADM's commitment to innovation is evident in its advancements in flavor systems and postbiotics, highlighting strong growth potential in key segments.