ADM raises its 2026 forecast after profits grew in the second quarter

ADM reported net income of $908 million in the second quarter of 2026. Adjusted income reached $895 million. Adjusted earnings per share totaled $1,84, a 98% increase compared to the same period in 2025. The company raised its annual forecast to a range between $5,15 and $5,60 per adjusted share. The previous estimate ranged from $4,15 to $4,70.

Operating profit for the segments reached $1,45 billion, a 75% increase. Agricultural Services and Oilseeds led the performance, generating $867 million, a 129% growth.

Oilseed crushing saw a $330 million increase in operating profit. Global volumes grew by approximately 5%. ADM attributed the result to better asset utilization, biofuel margins, energy prices, and renewable volume targets in the United States. Demand for soybean meal remained strong. Brazil and the United States achieved record export volumes of the product.

Agricultural Services operations boosted operating profit by 159%. The full resumption of operations at the Barcarena grain terminal in Pará supported the results in South America. Increased soybean sales by producers also boosted exports.

Carbohydrate Solutions reported an operating profit of $411 million, up 22%. Margins for U.S. ethanol were supported by biofuel policies, energy prices, and falling corn prices in the United States.

Nutrition achieved $172 million in operating profit, a 51% increase. Human Nutrition grew with the performance of flavors and the evolution of the Decatur East unit. Animal Nutrition advanced after operational improvements and portfolio changes adopted in 2025.