Corteva Q2 revenue misses estimates; 2026 outlook lifted

Corteva

30/07/2026 21:43

Overview
U.S. agriculture supplier's Q2 revenue missed analyst expectations
Adjusted EPS for Q2 was $2.30
Company raised full-year 2026 guidance and remains on track for October 1 Vylor spin-off

Outlook
Corteva raises full-year 2026 operating EBITDA guidance to $4.1 bln-$4.3 bln
Company expects 2026 operating EPS of $3.60-$3.80
Corteva says demand for advanced seed and crop protection products supports outlook

Result Drivers
SEED PRICING AND MIX - Higher prices and increased out-licensing income in Seed segment offset lower volumes, driven by demand for top technology
CROP PROTECTION PRICING PRESSURE - Crop Protection sales declined due to competitive pricing in Latin America and lower volumes from timing shifts, partially offset by demand for new products
COST AND PRODUCTIVITY ACTIONS - Ongoing cost discipline and productivity measures contributed to margin expansion and offset volume and price pressures

Company press release: ID:nPn8Jbftva

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Miss
$6.38 bln
$6.58 bln (14 Analysts)
Q2 Adjusted EPS
 
$2.30
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 8 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the agricultural chemicals peer group is "buy"
Wall Street's median 12-month price target for Corteva Inc is $92.37, about 2% above its July 29 closing price of $90.51
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 22 three months ago

Reuters Recommended Reads
July 29 - FMC Q2 adjusted EPS beats estimates, cuts FY outlook
July 29 - CVR Partners Q2 net income more than doubles YoY on higher realized prices
July 30 - Agricultural machinery maker AGCO misses Q2 estimates on softer industry demand

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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.)