Archer-Daniels-Midland Company (ADM) Earnings Call Transcripts

Archer-Daniels-Midland Company's Latest Earnings Call - Q3 FY2026

In the third quarter of 2026, Archer-Daniels-Midland Company (ADM) reported adjusted earnings per share (EPS) of $1.77, a 92% increase year-over-year, and total segment operating profit of $1.4 billion, reflecting a 64% increase from the prior year. The company raised its full-year adjusted EPS guidance to a range of $5.50 to $5.80, up from $5.15 to $5.60, driven by strong performance in biofuels and Nutrition. Key highlights include a significant increase in operating profits across segments, particularly in Ag Services and Oilseeds, and a focus on strategic investments in growth pathways such as precision fermentation and carbon capture initiatives.

Reported metrics

Guidance from management

Management raised its full-year adjusted EPS guidance to a range of $5.50 to $5.80, reflecting strong performance and expectations for continued strength in biofuels and Nutrition in the fourth quarter.

What management said

And Manav, just -- you know this, but just for you or others, benefit to flavors usually is the seasonal low for the industry that makes it seasonal low for our business. And even in ethanol, usually, it's a seasonally low for the industry. That also makes it lower for us. And then, of course, as Juan said, the cost out will continue in Q4, just like we did in Q3. And then the other one that I just wanted to call out...

And sometimes, then what happened is what we're trying is to match the teams that needs to execute. Sometimes, a team needs to fix something or debottleneck something and there was an automation project, we cannot do both with the same team at the same time. So sometimes it's sequencing and staggering of projects that make this change. But you need to think about is something between 1.2 and 1.5 in our future to deve...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of high crush margins and the impact of macroeconomic conditions on future performance. There were questions about the potential for a slowdown in the sweeteners market and how ongoing negotiations might affect profitability.

Main topics on the call

• Revenue Growth Acceleration — Total segment operating profit increased by 64% year-over-year, driven by favorable biofuel margins and strong execution. Management noted, "Our team executed well in a complex operating environment where global energy p...
• Guidance Increase — ADM raised its full-year adjusted EPS guidance to $5.50 to $5.80, reflecting strong year-to-date performance and expectations for continued strength in the fourth quarter. CEO Juan Luciano stated, "Given our strong perfo...
• Nutrition Segment Performance — Nutrition segment revenues decreased by 4% year-over-year, with operating profit increasing by 3%. Management highlighted that "Animal Nutrition operating profit was $41 million for the quarter, up 21% compared to the pr...
• Operational Efficiency Improvements — Management emphasized progress in reducing unplanned downtime and modernizing facilities, which is expected to enhance operational efficiency. COO Jeff Rowe stated, "We have made meaningful progress reducing unplanned do...

Read the full Archer-Daniels-Midland Company transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 79 Archer-Daniels-Midland Company earnings call transcripts on record, spanning January 30, 2020 to November 3, 2026. Based on this history, Archer-Daniels-Midland Company reports quarterly. The most recent call on file is dated November 3, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ADM

Exchange

NYSE

Country

US

Sector

Consumer Staples

Industry

Food Products

Calls on record

79

First call

January 30, 2020

Most recent

November 3, 2026

Reporting cadence

quarterly