Earnings Releases·Nov 3, 2026, 8:10 AM ET

ADM — Third Quarter 2026 Earnings Summary

Q3 2026 net earnings surged to $821 million from $108 million in Q3 2025, with adjusted net earnings rising to $858 million from $448 million, while total segment operating profit increased 64% to $1,382 million.
Full-year 2026 adjusted EPS guidance was raised to $5.50–$5.80 from the previous $5.15–$5.60 range, supported by expected year-over-year operating profit improvements across all segments in Q4.
Capital expenditure guidance for 2026 was revised downward to $1.2–$1.3 billion from $1.3–$1.5 billion to reflect a prioritization of high-return investments.
Significant segment performance drivers included a 105% increase in Ag Services & Oilseeds operating profit and a 40% rise in Carbohydrate Solutions, fueled by constructive biofuels margins and policy incentives.
Share repurchases totaled $358 million and cash dividends paid reached $764 million during the nine months ended September 30, 2026, while short-term debt increased to $1,156 million from $246 million in the prior year.