ADM beats Q3 adjusted EPS estimates and raises 2026 outlook
On November 3, 2026, Archer-Daniels-Midland reported third-quarter GAAP EPS of $1.70, adjusted EPS of $1.77 and net earnings of $821 million for the quarter ended September 30, 2026. Revenue was $22.34 billion, below the $23.1 billion analyst estimate, while total segment operating profit rose to $1,382 million from $845 million a year earlier. ADM raised its full-year 2026 adjusted EPS guidance to approximately $5.50 to $5.80 from $5.15 to $5.60 and lowered its capital expenditure outlook to $1.2 to $1.3 billion from $1.3 to $1.5 billion.
Why it matters
The report raises ADM's expected full-year adjusted earnings range while reducing planned capital spending. The earnings beat and guidance increase were accompanied by a quarterly revenue shortfall, creating a mixed update for investors.
Key facts
- 1ADM reported third-quarter GAAP EPS of $1.70, adjusted EPS of $1.77 and net earnings of $821 million. sec.gov
- 2Third-quarter revenue was $22.34 billion versus the $23.1 billion analyst estimate. finance.yahoo.com
- 3ADM increased full-year 2026 adjusted EPS guidance to approximately $5.50 to $5.80 from $5.15 to $5.60. sec.gov
- 4ADM projected 2026 capital expenditures of $1.2 to $1.3 billion, down from $1.3 to $1.5 billion. sec.gov
- 5Third-quarter total segment operating profit was $1,382 million, compared with $845 million in the prior-year quarter. sec.gov
Open questions
- Material 16 alone reports that ADM raised its 2026 45Z net benefit view to ~$350M; the other materials do not confirm this figure.
Summary written by AlphAI AI Desk from 14 of 16 sources. Not investment advice. Figures are as stated by the linked sources.