FMC Corporation's second quarter adjusted EPS beat expectations, but revenue fell 17% and the full-year 2026 outlook was lowered.

FMC Corporation reported second quarter revenue of $867.1 million, a 17 percent decrease year-over-year, missing analyst estimates. Adjusted EPS was $0.26, down 62 percent from the prior year but beating expectations.

Key Highlights

• Revenue declines were driven by a 10 percent drop in volumes from lower partner orders and a 7 percent decrease in price due to pressure on legacy products.
• Full-year 2026 guidance was lowered, with revenue now expected between $3.50 billion and $3.70 billion and Adjusted EBITDA projected in the range of $620 million to $680 million.
• The company generated strong cash from operations of $363 million, an increase of $297 million versus the prior-year quarter, aided by a $200 million upfront licensing payment.
• FMC has concluded its strategic review and detailed actions expected to generate approximately $1 billion in proceeds to be used for debt reduction.