ADM · 10-Q · 2026Q2

Archer-Daniels-Midland Co

Filed 2026-08-04 · Consumer · View original filing on EDGAR

Ranked Events

• Headcount / RestructuringImportance 83 · Surprise 82
  ADM announced targeted actions expected to deliver more than $500 million of aggregate cost savings over three to five years beginning in 2025. Six-month asset impairment, exit, and restructuring costs declined $150…
• Purchase Obligations and CommitmentsImportance 66 · Surprise 40
  Purchase obligations increased to $16.2 billion as of June 30, 2026 from $13.8 billion at December 31, 2025, a 17% increase. The Company expected $13.5 billion of these obligations to be paid within the next twelve…
• Gross Margin DriversImportance 64 · Surprise 56
  Six-month gross profit increased $607 million, or 24%, to $3.2 billion, while second-quarter gross profit increased $565 million, or 41%, to $1.9 billion. Six-month gross-profit growth included increases of $376…
• Segment ProfitabilityImportance 64 · Surprise 56
  Six-month total segment operating profit increased $637 million, or 40%, to $2.21 billion from $1.58 billion, with higher results across all three reportable segments. Ag Services and Oilseeds operating profit…
• Guidance and OutlookImportance 62 · Surprise 42
  On February 4, 2025, ADM announced targeted actions expected to deliver more than $500 million of aggregate cost savings over three to five years beginning in 2025. The program includes cost optimization and portfolio…
• Income Tax Rate ChangesImportance 57 · Surprise 64
  The six-month effective tax rate decreased to 17.5% from 19.5%, a 2.0 percentage-point reduction, while income-tax expense increased $134 million to $257 million because of higher pretax earnings. The second-quarter…
• Working Capital ChangesImportance 51 · Surprise 64
  Trade-payables cash outflow declined to $185 million in the six months ended June 30, 2026, from $1.2 billion in the prior-year period, reflecting market-driven inventory levels and improved working-capital management.…
• Futures Brokerage Customer ActivityImportance 50 · Surprise 46
  Customer balances in the Company’s futures commission and brokerage business changed as customers supported additional trading and margin requirements. Payables to brokerage customers generated a $276 million cash…
• Revenue Performance and MixImportance 49 · Surprise 32
  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…
• Biofuels and Ethanol DemandImportance 47 · Surprise 60
  The 2026 and 2027 Renewable Volume Obligations and proposed Section 45Z regulations increased visibility into renewable fuel demand and positively affected blending economics, clean fuel credit values, and demand for…
• Biofuels Policy and OutlookImportance 47 · Surprise 60
  The March 2026 Renewable Volume Obligations for 2026 and 2027 increased certain renewable-fuel blending requirements, while proposed Section 45Z regulations provided greater visibility into clean-fuel incentives. The…
• Capital ExpendituresImportance 46 · Surprise 30
  Net cash used in investing activities was $373 million for the six months ended June 30, 2026, compared with $391 million in the prior-year period. The company invested $466 million in property, plant, and equipment…
• Interest Rate EnvironmentImportance 44 · Surprise 46
  Cash flows from segregated investments reflected changes in the investment mix of customer funds due to changes in yields. Collateral pledge requirements in ADM’s futures commission and brokerage business also affected…
• Trade Policy and TariffsImportance 44 · Surprise 60
  On February 20, 2026, the U.S. Supreme Court ruled that the International Emergency Economic Powers Act did not authorize the executive branch to impose tariffs. The ruling invalidated presidential tariffs imposed…
• Oilseed Processing DemandImportance 43 · Surprise 32
  Geopolitical uncertainty, logistical and weather challenges, and confirmation of U.S. biofuel policy contributed to crush margin expansion in both soy and canola. North America benefited from strong domestic demand…
• Operating Expense TrendsImportance 42 · Surprise 14
  Six-month manufacturing expenses increased $150 million to $4.0 billion, driven by higher North American energy costs, employee compensation, and maintenance expenses. Six-month SG&A increased $144 million to $2.0…
• Liquidity and Debt PositionImportance 37 · Surprise 6
  At June 30, 2026, ADM had $1.1 billion of cash and cash equivalents, including $374 million held by foreign subsidiaries whose earnings are considered indefinitely reinvested. Total credit lines were $12.6 billion, of…
• Capital Return ProgramImportance 36 · Surprise 14
  ADM paid $510 million in dividends during the six months ended June 30, 2026, compared with $495 million in the prior-year period. The company made no share repurchases during either the three or six months ended June…
• Acquisition / Partnership / DivestitureImportance 34 · Surprise 42
  ADM launched Two Rivers Premium Oils, LLC, a cottonseed joint venture with Planters Cotton Oil Mill in January 2026. Planters contributed its Pine Bluff, Arkansas, crush plant and regional origination and storage…
• Manufacturing Capacity UtilizationImportance 20 · Surprise 24
  ADM identified improved utilization rates and manufacturing efficiency as priorities for its global operations. Oilseed processing volumes increased because of improved utilization in North America and South America,…

Revenue by Product (in millions)