ADM Q4 revenue misses expectations, adjusted EPS beats

Archer-Daniels-Midland

03/02/2026 11:09

Overview

Agricultural supply chain manager's Q4 revenue missed analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Company announced increase in quarterly dividend, marking 53 years of growth

Outlook

ADM expects 2026 adjusted EPS of $3.60 to $4.25

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

ADM says U.S. biofuel policy clarity will impact ability to achieve higher EPS

Result Drivers

AG SERVICES & OILSEEDS - Lower soybean exports and weaker crush margins led to a 31% decline in operating profit

CARBOHYDRATE SOLUTIONS - Operating profit decreased 6% due to lower demand for starches and sweeteners and high corn costs in EMEA

VANTAGE CORN PROCESSORS - Operating profit rose 187% due to strong ethanol margins

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$18.56 bln
$21.12 bln (7 Analysts)
Q4 Adjusted EPS
Beat
$0.87
$0.80 (9 Analysts)
Q4 EPS
$0.94
Q4 Adjusted Net Income
Beat
$422 mln
$392.26 mln (6 Analysts)
Q4 Net Income
$456 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 3 "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 $57.07, about 16.2% below its February 2 closing price of $68.08

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBwb2fdyba

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(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.)