Archer-Daniels-Midland ($ADM) Beats Q3 Estimates and Raises FY2026 EPS Guidance

Archer-Daniels-Midland ($ADM) reported stronger-than-expected Q3 2026 results, with revenue and adjusted earnings both exceeding analyst estimates.
🔹 Revenue: $22.34B vs. $22.19B estimated, up 10% YoY
🔹 Adjusted EPS: $1.77 vs. $1.60 estimated, up 92% YoY
🔹 GAAP EPS: $1.70, up 673% YoY
🔹 Total Segment Operating Profit: $1.38B, up 64% YoY
FY2026 Outlook:
🔹 Adjusted EPS guidance raised to $5.50–$5.80, from $5.15–$5.60, compared with the $5.53 analyst estimate
🔹 Capital expenditure forecast reduced to $1.2B–$1.3B, from $1.3B–$1.5B
Segment Performance:
🟢 Carbohydrate Solutions: $470M, above the $382.7M estimate, up 40% YoY
🔴 Agricultural Services & Oilseeds (AS&O): $778M, below the $868.9M estimate, despite 105% YoY growth
🔴 Nutrition: $134M, below the $150.3M estimate, up 3% YoY
CEO Juan Luciano said year-to-date performance and the fourth-quarter outlook support another increase in the company’s full-year adjusted EPS guidance.
Overall, ADM delivered a strong earnings beat and raised its annual outlook, although performance across business segments remained mixed.