Archer-Daniels-Midland Company (NYSE:ADM) stock fell Tuesday after the grain giant posted an earnings beat but came up short on revenue, underscoring a choppy demand backdrop.
CEO Juan Luciano pointed to trade turbulence and lingering uncertainty around U.S. biofuel policy as key headwinds weighing on results and sentiment.
The company reported fourth-quarter adjusted earnings per share of 87 cents, beating the analyst consensus estimate of 80 cents.
Quarterly sales of $18.556 billion missed the Street view of $21.120 billion.
“2025 was marked by a dynamic global trade landscape, and ongoing uncertainty around U.S. biofuel policy created a challenging operating environment for ADM,” said Luciano.
Ag Services and Oilseeds decreased to $14.012 billion from $16.874 billion a year ago. Operating profit was $444 million during the fourth quarter of 2025, down 31% compared to the prior year quarter.
Carbohydrate Solutions segment revenues totaled $2.641 billion, compared with $2.750 billion a year ago. Operating profit was $299 million during the fourth quarter of 2025, down 6% compared to the prior year quarter.
Nutrition segment revenue remained flat year over year to $1.786 billion. Operating profit was $78 million during the fourth quarter of 2025, an 11% decrease compared to the prior year quarter.
Quarterly Metrics
Gross profit decreased to $1.213 billion, compared with $1.358 billion a year ago.
For the fourth quarter, earnings before income taxes were $476 million, as compared to prior year quarter earnings before income taxes of $667 million.
Archer-Daniels-Midland exited the quarter with cash and equivalents worth $1.015 billion.
Dividend
Archer-Daniels-Midland has declared a cash dividend of 52 cents per share, up from 51 cents per share, on the company’s common stock. The dividend is payable on March 10.
Outlook
Archer-Daniels-Midland forecast fiscal 2026 adjusted earnings of $3.60 to $4.25 per share, compared with consensus estimates of $4.24.
“We remain on track to achieve $500 to $750 million of aggregate cost savings over the next three to five years, beginning in 2025, and we believe increased clarity on biofuel policy combined with the evolution of global trade should support a more constructive operating environment for us in 2026,” said Luciano.
ADM Price Action: Archer-Daniels-Midland shares were down 3.39% at $65.77 at the time of publication on Tuesday, according to Benzinga Pro data.
Photo via Shutterstock
