Archer-Daniels-Midland reported second quarter revenue of $22.7 billion and GAAP EPS of $1.87, up from $0.45 in the prior-year quarter. On an adjusted basis, EPS was $1.84, an increase of 98% year-over-year. Citing strong performance and a constructive biofuels environment, the company raised its full-year 2026 adjusted EPS guidance to a range of $5.15 to $5.60, up from its previous forecast of $4.15 to $4.70.

Key Highlights

  • ADM raised its full-year 2026 adjusted EPS guidance to $5.15-$5.60, a significant increase from the prior range of $4.15-$4.70.
  • Ag Services & Oilseeds (AS&O) segment operating profit surged 129% year-over-year to $867 million, driven by margin expansion in North American crushing and a constructive biofuels environment.
  • The AS&O segment recognized approximately $100 million in net positive mark-to-market and timing impacts during the quarter.
  • The Nutrition segment continued its recovery, with operating profit growing 51% year-over-year to $172 million, reflecting strength in both Human and Animal Nutrition.