NYSE$ADM
Archer-Daniels-Midland Co · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
ADM's financial performance for Q2 2023, marked by solid earnings and strategic advancements.
ADM reported Q2 2023 earnings with an EPS of $1.70 ($1.89 adjusted), net earnings of $0.9 billion ($1.0 billion adjusted), and segment operating profit of $1.5 billion ($1.628 billion adjusted). The company highlighted the strength of its diversified portfolio and integrated value chain in delivering excellent results despite dynamic market conditions. They are raising their earnings expectations for full-year 2023.
- Ag Services & Oilseeds leveraged investments for record origination volumes in Brazil.
- Carbohydrate Solutions delivered excellent results across global starches and sweeteners.
- Nutrition achieved strong results in Flavors and expanded its customer base.
- Strategic initiatives connected to decarbonization are building additional earnings power and growth.
Headline financials
Revenue & EPS history
ADM · Revenue · Quarterly
$25.2B
Revenue by segment
ADM · $25.2B total across 4 segments · Q2 2023
- Ag Services & Oilseeds$19.8B-7.4%78.8%
- Carbohydrate Solutions$3.38B-9.9%13.4%
- Nutrition$1.85B-7.5%7.4%
- Other Business$112M+10.9%0.4%
Forward guidance
Based on strong first-half results and increased confidence in second-half performance, ADM is raising its earnings expectations for full-year 2023.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2023
-0.0%
Avg return
Earnings day
-0.0%
Avg return
5 days after
+0.8%
Avg return
30 days after
50%
35 / 70 earnings
Positive
+8.5%
Q3 2016
Best reaction
-9.7%
Q1 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.6% | +1.9% | +7.3% | |
| Q4 2025 | -0.4% | -2.6% | -2.3% | |
| Q3 2025 | +0.1% | -5.2% | -1.2% | |
| Q2 2025 | +6.0% | +6.4% | +13.9% | |
| Q1 2025 | +1.7% | +2.2% | -1.1% | |
| Q4 2024 | -5.1% | -8.5% | -3.9% | |
| Q3 2024 | -0.7% | -0.4% | -6.6% | |
| Q2 2024 | -2.0% | -6.9% | -3.9% | |
| Q1 2024 | -3.8% | -2.5% | -0.9% | |
| Q4 2023 | +6.1% | +8.0% | +14.0% | |
| Q3 2023 | -1.9% | -3.3% | +2.7% | |
| Q2 2023 | +4.6% | +3.9% | -3.3% | |
| Q1 2023 | -4.7% | -3.4% | -8.8% | |
| Q4 2022 | -2.3% | -3.2% | -4.8% | |
| Q3 2022 | +4.8% | +6.3% | +8.4% | |
| Q2 2022 | +6.4% | +9.5% | +20.2% | |
| Q1 2022 | +3.3% | -1.5% | -2.9% | |
| Q4 2021 | +5.4% | +10.7% | +10.6% | |
| Q3 2021 | -3.2% | -3.6% | -0.5% | |
| Q2 2021 | +0.3% | +2.2% | +2.2% | |
| Q1 2021 | +5.2% | +5.3% | +11.0% | |
| Q4 2020 | -6.6% | -5.8% | +8.0% | |
| Q3 2020 | -6.6% | -3.3% | +1.9% | |
| Q2 2020 | +1.8% | +0.8% | +5.4% | |
| Q1 2020 | -0.1% | -6.5% | +5.8% | |
| Q4 2019 | +4.3% | +2.4% | -14.3% | |
| Q3 2019 | +4.7% | +6.0% | +5.9% | |
| Q2 2019 | -2.5% | -8.9% | -7.4% | |
| Q1 2019 | +3.7% | +5.6% | -6.1% | |
| Q4 2018 | -5.9% | -6.1% | -5.2% | |
| Q3 2018 | +0.4% | +0.3% | -5.3% | |
| Q2 2018 | +1.6% | +5.5% | +6.4% | |
| Q1 2018 | -2.1% | -3.3% | -3.7% | |
| Q4 2017 | +3.9% | +2.2% | +6.6% | |
| Q3 2017 | -5.1% | -7.1% | -6.8% | |
| Q2 2017 | +0.7% | +1.0% | -2.0% | |
| Q1 2017 | -9.7% | -7.2% | -8.6% | |
| Q4 2016 | -1.3% | -0.4% | +0.9% | |
| Q3 2016 | +8.5% | +7.7% | +1.7% | |
| Q2 2016 | -0.7% | +0.5% | -2.5% | |
| Q1 2016 | -3.8% | — | — | |
| Q4 2015 | -5.7% | — | — | |
| Q3 2015 | -7.0% | — | — | |
| Q2 2015 | +1.1% | — | — | |
| Q1 2015 | -0.8% | — | — | |
| Q4 2014 | -4.2% | — | — | |
| Q3 2014 | +6.5% | — | — | |
| Q2 2014 | +3.6% | — | — | |
| Q1 2014 | -1.5% | — | — | |
| Q4 2013 | -0.6% | — | — | |
| Q3 2013 | +2.9% | — | — | |
| Q2 2013 | -0.3% | — | — | |
| Q1 2013 | -1.0% | — | — | |
| Q4 2012 | -6.6% | — | — | |
| Q3 2012 | +6.9% | — | — | |
| Q2 2012 | -1.8% | — | — | |
| Q1 2012 | +4.0% | — | — | |
| Q4 2011 | -2.8% | — | — | |
| Q3 2011 | -4.5% | — | — | |
| Q2 2011 | -1.8% | — | — | |
| Q1 2011 | -2.0% | — | — | |
| Q4 2008 | +0.9% | — | — | |
| Q4 2010 | +0.9% | — | — | |
| Q3 2010 | +4.2% | — | — | |
| Q3 2009 | +4.2% | — | — | |
| Q2 2010 | -2.3% | — | — | |
| Q4 2009 | +0.1% | — | — | |
| Q1 2009 | +0.1% | — | — | |
| Q2 2009 | +0.1% | — | — | |
| Q1 2010 | +0.1% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro