Key facts
- ADM reported third-quarter 2026 net earnings of $821 million and adjusted net earnings of $858 million.
- ADM's third-quarter 2026 adjusted EPS of $1.77 was up 92% from the prior-year quarter.
- ADM's third-quarter 2026 total segment operating profit of $1,382 million was up 64% from a year earlier.
- ADM raised full-year 2026 adjusted EPS guidance to approximately $5.50 to $5.80 from $5.15 to $5.60.
- ADM cut its 2026 capital expenditure projection to $1.2 billion to $1.3 billion from $1.3 billion to $1.5 billion.
- CEO Juan Luciano said results were driven by a constructive biofuels environment and ADM's North American footprint.
Archer-Daniels-Midland reported third-quarter 2026 net earnings of $821 million and adjusted net earnings of $858 million for the quarter ended September 30, 2026, according to the company's results release dated November 3. Earnings per share on a diluted basis were $1.70 as reported and $1.77 adjusted, with adjusted EPS up 92% from the prior-year quarter.
Total segment operating profit was $1,382 million, up 64% from the third quarter of 2025. Earnings before income taxes were $997 million. For the first nine months of 2026, ADM reported EPS of $4.18 and adjusted EPS of $4.33, with total segment operating profit of $3,595 million, up 48% from the same period a year earlier.
ADM raised its full-year 2026 adjusted EPS guidance to approximately $5.50 to $5.80 from a prior range of $5.15 to $5.60. The company said the updated outlook reflects expected year-over-year operating profit improvement for the fourth quarter in all segments. ADM also revised its 2026 capital expenditure projection to $1.2 billion to $1.3 billion from $1.3 billion to $1.5 billion, citing continued prioritization of high-return investments.
"ADM delivered strong third quarter results, with earnings up significantly from the prior year quarter and operating profit growth across all segments," said Juan Luciano, chair of the board and chief executive officer. He attributed the results to a constructive biofuels environment combined with ADM's North American footprint and good execution by the team. ADM said external factors across the macroeconomic, geopolitical, policy and trade environments continue to be monitored.