ADM raises 2026 adjusted EPS outlook to $4.15-$4.70 after Q1 adjusted EPS of $0.71
ADM reported first-quarter 2026 results on May 5, 2026, with GAAP EPS of $0.62 and adjusted EPS of $0.71, both slightly above the prior year, and revenue of $20.49 billion. The company raised its full-year 2026 adjusted EPS guidance to $4.15 to $4.70, citing expected earnings improvement in crushing and ethanol after the finalization of the 2026 and 2027 renewable volume obligations. The Ag Services and Oilseeds segment's operating profit fell 34%, mainly due to about $275 million of net negative mark-to-market and timing impacts.
Key points
- Q1 2026 GAAP EPS was $0.62 versus $0.61 a year earlier; adjusted EPS was $0.71 versus $0.70.
- Revenue was $20.49 billion versus $20.18 billion; net earnings attributable to ADM were $298 million versus $295 million.
- 2026 adjusted EPS guidance is $4.15 to $4.70, up from the prior $3.60 to $4.25 range.
- Ag Services and Oilseeds segment operating profit fell 34% to $273 million, mainly from mark-to-market and timing impacts of about $275 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:30 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 05, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.