Archer Daniels Midland Co. (NYSE:ADM) shares gained more than 4% after the agricultural commodities group reported second-quarter 2026 results that comfortably exceeded profit expectations and raised its earnings outlook for the full year.
Adjusted earnings came in at $1.84 per share, beating analyst forecasts by $0.47. Revenue reached $22.61 billion, slightly below the consensus estimate of $22.83 billion, but still represented a 7% increase from $21.17 billion in the same period last year.
Company Raises 2026 Earnings Guidance
ADM increased its full-year adjusted earnings per share guidance to a range of $5.15 to $5.60, compared with its previous forecast of $4.15 to $4.70.
The midpoint of the new guidance, $5.38 per share, is well above the analyst consensus estimate of approximately $4.80, helping to boost investor confidence following the earnings release.
The stronger outlook, combined with the earnings beat, pushed the company’s shares 4.06% higher.
CEO Highlights Broad-Based Business Strength
Chief Executive Officer Juan Luciano said the company delivered another quarter of solid operational and financial performance.
“ADM delivered robust second-quarter financial and operating results,” said Juan Luciano, Chair of the Board and CEO. “Segment operating profit rose significantly year-over-year and sequentially, with broad-based growth across all three segments—driven by strong commercial and operational execution by the team, a constructive biofuels environment, and momentum in Nutrition, led by Flavors.”
Ag Services & Oilseeds Lead Profit Growth
ADM’s Ag Services & Oilseeds division delivered the strongest performance during the quarter, with operating profit surging 129% to $867 million.
The increase was driven by stronger margins in crushing and agricultural services, supported by the finalisation of the 2026 and 2027 Renewable Volume Obligations under the U.S. Renewable Fuel Standard, higher global energy prices and solid operational execution.
Nutrition and Carbohydrate Businesses Also Improve
The Carbohydrate Solutions segment reported operating profit of $411 million, an increase of 22% from a year earlier, benefiting from healthy ethanol margins in North America and supportive government policy incentives.
Meanwhile, the Nutrition division posted operating profit of $172 million, up 51% year over year, helped by continued growth in its Flavors business and operational improvements across the segment.
Capital Investment Plans Remain on Track
ADM expects capital expenditure for 2026 to be between $1.3 billion and $1.5 billion as the company continues investing in its operations and long-term growth initiatives.
Archer-Daniels-Midland stock price
