Archer-Daniels-Midland Boosts 2026 EPS View on Strong Q3 Results

Archer-Daniels-Midland Company (ADM) raised its 2026 adjusted earnings forecast after third-quarter adjusted earnings per share nearly doubled year over year and beat estimates, though revenue fell short. The revised forecast puts the midpoint at $5.65 per share, up from $5.38.

Adjusted EPS reached $1.77, compared with $0.92 a year earlier, and topped the $1.60 analyst estimate. Revenue was $22.34 billion, below the $22.51 billion forecast.

Operating profit by segment benefited from improved performance in Ag Services & Oilseeds and Carbohydrate Solutions. Only Carbohydrate Solutions beat its segment profit estimate; Ag Services & Oilseeds and Nutrition missed theirs. Favorable biofuels and ethanol margins, energy prices, soybean meal demand, policy incentives and domestic demand supported performance.

ADM expects year-over-year operating profit to improve in all three segments in the fourth quarter. The company had appeared on an earlier list of companies expected to report earnings.