Archer-Daniels-Midland (ADM) Q1 2026 (USD): adj. EPS 0.71 (exp. 0.64), Revenue 21.5bln (exp. 21.4bln)

  • Total segment operating profit rose +2% Y/Y to USD 764mln, with roughly USD 275mln of net negative mark-to-market and timing impacts. 
  • Ag Services & Oilseeds operating profit fell 34% to USD 273mln
  • Carbohydrate Solutions rose 48% to USD 356mln on stronger ethanol margins
  • Nutrition rose 42% to USD 135mln
  • Oilseeds processed volumes rose 2% Y/Y to 9.299mln tonnes
  • Corn volumes were 4.542mln tonnes. 

COMMENTARY:

  • CEO says ADM delivered robust operating performance in a dynamic global landscape, with biofuels policy clarity providing a stable regulatory framework. 

GUIDANCE:

  • Raises FY EPS view to between 4.15-4.70 (exp. 4.16; prev. saw 3.60-4.25)
  • Sees FY26 capex between USD 1.3-1.5bln.
Context

Archer-Daniels-Midland's Q1 results exceeded expectations in both adjusted EPS and revenue, indicating solid operational performance despite some segments facing challenges. The company is raising its full-year EPS guidance significantly, reflecting confidence in their growth outlook, particularly from the biofuels sector. Investors may view this as a positive signal for both the agricultural market and broader food industry dynamics.

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