ADM · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
Archer-Daniels-Midland Co · 2026-08-04 · Importance 49 · Surprise 32 · No source text
Six-month revenue increased $1.83 billion, or 4.4%, to $43.17 billion from $41.34 billion, while second-quarter revenue increased $1.52 billion, or 7.2%, to $22.68 billion. Ag Services and Oilseeds generated $33.92 billion of six-month revenue, up $1.97 billion, driven by $2.9 billion of higher sales prices for oils, soybeans, and biodiesel, partly offset by $918 million of lower corn, biodiesel, and soybean volumes. Carbohydrate Solutions revenue decreased $46 million to $5.32 billion for the six months, while Nutrition revenue decreased $103 million to $3.71 billion because of $192 million of lower sales volumes from portfolio actions and the Akralos joint venture, partly offset by $144 million of higher prices. Processed oilseed volumes increased 3.5% to 18.78 million metric tons in the six months, while processed corn volumes were essentially stable at 9.28 million metric tons.
Key facts
- Revenues increased $1.5 billion to $22.7 billion driven by Ag Services and Oilseeds reflecting higher sales prices of oils, soybeans, and biodiesel of $2.0 billion, partially offset by lower sales volumes of corn and soybeans of $356 million. source
- Revenues for Ag Services and Oilseeds for the three months ended June 30, 2026 were $17,916 million compared to $16,269 million for the three months ended June 30, 2025, an increase of $1,647 million. source
- Total revenues for the three months ended June 30, 2026 were $22,681 million compared to $21,166 million for the three months ended June 30, 2025, an increase of $1,515 million. source
- Total revenues for the six months ended June 30, 2026 were $43,171 million compared to $41,341 million for the six months ended June 30, 2025, an increase of $1,830 million. source
- Ag Services and Oilseeds revenues for the six months ended June 30, 2026 were $33,917 million compared to $31,944 million for the six months ended June 30, 2025, an increase of $1,973 million. source
- Revenues for Carbohydrate Solutions for the three months ended June 30, 2026 were $2,757 million compared to $2,792 million for the three months ended June 30, 2025, a decrease of $35 million. source
- Revenues for Nutrition for the three months ended June 30, 2026 were $1,902 million compared to $1,993 million for the three months ended June 30, 2025, a decrease of $91 million. source
- Net earnings and reported diluted EPS for the three months ended June 30, 2026 were $1.87 per share diluted compared to $0.45 per share diluted in the prior year quarter. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +30.9% | Ag Services and Oilseeds revenues for the six months ended June 30, 2026 were $33,917 million compared to $31,944 million for the six… |
| revenue | positive | realized | +28.7% | Total revenues for the six months ended June 30, 2026 were $43,171 million compared to $41,341 million for the six months ended June 30,… |
| revenue | positive | realized | +25.8% | Revenues for Ag Services and Oilseeds for the three months ended June 30, 2026 were $17,916 million compared to $16,269 million for the… |
| revenue | positive | realized | +23.7% | Total revenues for the three months ended June 30, 2026 were $22,681 million compared to $21,166 million for the three months ended June… |
| revenue | negative | realized | -1.4% | Revenues for Nutrition for the three months ended June 30, 2026 were $1,902 million compared to $1,993 million for the three months ended… |
| revenue | negative | realized | -0.6% | Revenues for Carbohydrate Solutions for the three months ended June 30, 2026 were $2,757 million compared to $2,792 million for the three… |