NYSE$ADM
Archer-Daniels-Midland Co · Q2 2026 earnings
Q2 2026 earnings · · Before market open · Investor relations
Briefing
ADM reported second quarter 2026 EPS of $1.87 and adjusted EPS of $1.84, raising full-year 2026 adjusted EPS guidance.
ADM delivered net earnings of $908 million for the quarter ended June 30, 2026, with total segment operating profit of $1.45 billion, up 75% year-over-year. Revenue reached $22.681 billion, driven by strong performance across Ag Services & Oilseeds, Carbohydrate Solutions, and Nutrition segments amid favorable biofuels margins and operational execution. The company raised its 2026 adjusted EPS outlook to $5.15-$5.60 based on continued margin strength and Nutrition momentum.
- Net earnings of $908 million and adjusted net earnings of $895 million, with EPS of $1.87 and adjusted EPS of $1.84
- Total segment operating profit of $1.45 billion, up 75% from prior year, with broad-based growth across all segments
- Revenue of $22.681 billion, led by Ag Services & Oilseeds at $17.916 billion
- Raised full-year 2026 adjusted EPS guidance to $5.15-$5.60 and projected capex of $1.3-$1.5 billion
Headline financials
Revenue & EPS history
ADM · Revenue · Quarterly
$22.7B
Revenue by segment
ADM · $22.7B total across 4 segments · Q2 2026
- Ag Services & Oilseeds$17.9B—79.0%
- Carbohydrate Solutions$2.76B—12.2%
- Nutrition$1.9B—8.4%
- Other Business$106M—0.5%
Forward guidance
ADM raised 2026 adjusted EPS guidance to approximately $5.15 to $5.60 on strong execution, constructive biofuels environment from RVO, and Nutrition momentum; capex projected at $1.3-$1.5 billion.
Tailwinds
- Year-over-year earnings improvement expected in crushing and ethanol
- Constructive margin environment supported by RVO, global trade, and energy prices
- Continued performance improvement in Nutrition
Headwinds
- Monitoring external macroeconomic, geopolitical, policy, and trade factors
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
-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 |
|---|---|---|---|---|
| Q2 2026 | — | — | — | |
| 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% | — | — |
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