CTVA · 10-Q · 2026Q4 · Full report

Gross Margin Drivers

Corteva, Inc. · 2026-11-12 · Importance 37 · Surprise 32 · No source text

For the nine months ended September 30, 2026, cost of goods sold was $6,624 million, or 48% of net sales, versus $6,918 million, or 51%, in the prior-year period. Third-quarter cost of goods sold was $1,534 million, or 62% of net sales, compared with $1,644 million, or 63%, a year earlier. The reductions reflected lower volumes, lower input costs, and cost and productivity actions; nine-month results also benefited from net royalty improvement, partly offset by unfavorable currency impacts.

Key facts

• Corteva’s cost of goods sold for the nine months ended September 30, 2026 was $6,624 million, down from $6,918 million in 2025, driven by lower volumes, lower input costs, and cost and productivity actions, partly offset by unfavorable currency impacts. source
• Corteva’s COGS was $1,534 million, or 62% of net sales, in the third quarter of 2026, versus $1,644 million, or 63%, in 2025; nine-month COGS was $6,624 million, or 48%, versus $6,918 million, or 51%, in 2025. source
• Corteva’s third-quarter 2026 cost of goods sold was $1,534 million, down from $1,644 million in third-quarter 2025, primarily because of lower volumes and ongoing cost and productivity actions. source
• Crop Protection EBITDA faced unfavorable pricing, increased research and development investment, and higher administrative costs, offset by cost and productivity actions and favorable currency impacts. source

Impact estimates