ADM · 8-K · 20260804PR000040
Segment Profitability
Archer-Daniels-Midland Co · 2026-08-04 · Importance 63 · Surprise 64 · No source text
Second-quarter total segment operating profit increased 75% to $1.450 billion from $830 million, with all three segments contributing year-over-year growth. Ag Services and Oilseeds operating profit rose 129% to $867 million, including a $330 million increase in Crushing and approximately $100 million of net positive mark-to-market and timing impacts. Carbohydrate Solutions operating profit increased 22% to $411 million, including a $52 million increase in Vantage Corn Processors, while Nutrition operating profit increased 51% to $172 million. Six-month total segment operating profit increased 40% to $2.214 billion, with Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition increasing 44%, 33%, and 46%, respectively.
Key facts
- Total segment operating profit for 2Q26: $1,450 million, an increase of 75% vs 2Q25 source
- Ag Services & Oilseeds segment operating profit for 2Q26: $867 million, up 129% vs 2Q25 source
- Total segment operating profit year-to-date 2026: $2,214 million, up 40% versus prior year period source
- Earnings before income taxes year-to-date 2026: $1,472 million, compared to $632 million year-to-date 2025 (increase of $840 million) source
- Nutrition segment operating profit for 2Q26: $172 million, up 51% vs 2Q25 source
- Ag Services subsegment operating profit for 2Q26: $293 million, up 159% vs 2Q25 source
- Carbohydrate Solutions segment operating profit for 2Q26: $411 million, up 22% vs 2Q25 source
- Earnings before income taxes for the quarter ended June 30, 2026: $1,088 million source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | realized | +3.7% | Earnings before income taxes year-to-date 2026: $1,472 million, compared to $632 million year-to-date 2025 (increase of $840 million) |
| operating_income | positive | realized | +2.8% | Total segment operating profit year-to-date 2026: $2,214 million, up 40% versus prior year period |
| operating_income | positive | realized | +2.7% | Total segment operating profit for 2Q26: $1,450 million, an increase of 75% vs 2Q25 |
| operating_income | positive | realized | +2.1% | Ag Services & Oilseeds segment operating profit for 2Q26: $867 million, up 129% vs 2Q25 |
| operating_income | positive | realized | +0.8% | Ag Services subsegment operating profit for 2Q26: $293 million, up 159% vs 2Q25 |
| operating_income | positive | realized | +0.3% | Nutrition segment operating profit for 2Q26: $172 million, up 51% vs 2Q25 |