FMC reports Q3 loss and revises Q4 outlook amid commercial actions impact

FMC Corporation posted third‑quarter 2026 revenue of $106 million, a $436 million decline year‑over‑year, and a GAAP net loss of $2.07 billion. The results reflect a $639 million negative impact from commercial actions announced in October, which also drove adjusted EBITDA to a loss of $559 million. The company lowered its fourth‑quarter 2026 revenue guidance to $1.04 billion‑$1.14 billion and adjusted EPS guidance to $0.56‑$0.70, both below prior expectations.

FMC expects full‑year free cash flow of negative $350 million to negative $150 million, indicating modest cash‑flow improvement despite the loss. The reduced earnings guidance and cash‑flow outlook may pressure the stock and affect valuation models.

  • 1Q3 2026 revenue was $106 million, down $436 million versus Q3 2025.
  • 2GAAP net loss for Q3 2026 was $2.07 billion, a $1.50 billion decline versus Q3 2025.
  • 3Adjusted EBITDA for Q3 2026 was a loss of $559 million, including a $672 million negative impact from commercial actions.
  • 4Commercial actions caused an approximately $639 million negative impact to revenue.
  • 5Q4 2026 revenue guidance is $1.04 billion to $1.14 billion, essentially flat at the midpoint versus 2025.
  • 6Q4 2026 adjusted EPS guidance is $0.56 to $0.70, a 48 percent decline at the midpoint.

Sources