ADM has increased its full-year earnings guidance after reporting sharply higher second-quarter profits, driven by strong performances across its nutrition, agricultural services and carbohydrate businesses.
The US ingredients and agricultural processing company reported revenue of USD22.68bn for the quarter ended June 30, 2026, up from USD21.17bn a year earlier. Net earnings attributable to ADM climbed to USD908m from USD219m, while adjusted earnings per share nearly doubled to USD1.84 from USD0.93.
The Nutrition business delivered one of the strongest performances during the quarter, with operating profit rising 51% year over year to USD172m. Within the segment, Human Nutrition also posted a 51% increase in operating profit to USD139m, supported by growth in the company’s Flavors business, seasonal demand and continued operational improvements at its Decatur East facility.
Despite the improvement in profitability, Nutrition revenue declined to USD1.90bn from USD1.99bn in the second quarter of 2025. For the first six months of the year, however, operating profit for the segment increased 46% to USD307m.
ADM’s Carbohydrate Solutions division also reported higher earnings, with operating profit increasing 22% to USD411m. The Starches and Sweeteners business generated operating profit of USD326m, up 7% from a year earlier, benefiting from improved ethanol margins. The company said weaker liquid sweetener volumes and margins, particularly in North America, partly offset those gains, while global starch volumes and margins stabilized during the quarter.
Ag Services and Oilseeds remained ADM’s largest earnings contributor. Operating profit in the division surged 129% to USD867m, reflecting stronger margins in agricultural services and improved profitability in North American oilseed crushing.
“ADM delivered robust second-quarter financial and operating results,” said Juan Luciano, Chair of the Board and CEO. “Segment operating profit rose significantly year-over-year and sequentially, with broad-based growth across all three segments—driven by strong commercial and operational execution by the team, a constructive biofuels environment, and momentum in Nutrition, led by Flavors.”
Reflecting the stronger first-half performance, ADM raised its full-year 2026 adjusted earnings per share forecast to approximately USD5.15-USD5.60, up from its previous guidance of USD4.15-USD4.70. The company maintained its capital expenditure outlook of between USD1.3bn and USD1.5bn for the year.
Find out more at: https://www.adm.com/