ADM's Q1 adjusted profit beats estimates, co raises outlook

Archer-Daniels-Midland

05/05/2026 11:09

Overview

Agricultural supply chain manager's Q1 revenue rose and beat analyst expectations

Adjusted EPS for Q1 beat analyst expectations

Company raised full-year adjusted EPS guidance, citing improved outlook for crushing and ethanol

Outlook

ADM raises 2026 adjusted EPS guidance to $4.15-$4.70 from $3.60-$4.25

Company expects earnings improvement in crushing and ethanol businesses after U.S. biofuels policy clarity

ADM projects 2026 capital expenditures of $1.3 bln to $1.5 bln

Result Drivers

NEGATIVE MARKET IMPACTS - Ag Services & Oilseeds profit fell due to net negative mark-to-market and timing impacts from a strengthening commodity environment following U.S. biofuels policy clarity

ETHANOL MARGINS - Carbohydrate Solutions profit rose 48% on strengthening ethanol margins, supported by risk management and policy incentives

NUTRITION GAINS - Nutrition segment profit increased 42% on higher Flavors sales, Decatur East plant recovery, and cost optimization in Animal Nutrition

Company press release: ID:nBw5vHnkya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$20.49 bln
$20.22 bln (4 Analysts)
Q1 Adjusted EPS
Beat
$0.71
$0.66 (8 Analysts)
Q1 EPS
$0.62
Q1 Adjusted Net Income
Beat
$345 mln
$312.32 mln (5 Analysts)
Q1 Net Income
$298 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 8 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the food processing peer group is "buy."

Wall Street's median 12-month price target for Archer-Daniels-Midland Co is $69.00, about 9.5% below its May 4 closing price of $76.27

The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)