ADM beats quarterly estimates, lifts annual profit forecast on stronger processing margins
ADM•Archer-Daniels-Midland beat third-quarter earnings estimates and raised its 2026 adjusted EPS forecast to $5.50-$5.80 from $5.15-$5.60. Adjusted earnings were $1.77 per share, above analysts’ $1.60 estimate.
1. Forecast raised after earnings beat
Archer-Daniels-Midland raised its 2026 adjusted earnings-per-share forecast to $5.50-$5.80, from its prior outlook of $5.15-$5.60, after reporting adjusted third-quarter earnings of $1.77 per share, above analysts’ average estimate of $1.60.
2. Processing profits increase
Operating profit in the company’s agricultural services and oilseeds segment more than doubled to $778 million. Its crushing business reported profit of $311 million, compared with $13 million a year earlier.
3. Market conditions support margins
The company said stronger oilseed processing margins across its businesses helped results. The article says higher crude oil prices have lifted demand for biofuel feedstocks, while rising U.S. corn and soybean prices prompted farmers to accelerate grain sales.
