ADM FY2026 Q3: profit jumps, full-year EPS guidance raised
ADM’s FY2026 Q3 was strong: net earnings were $821 million and adjusted EPS was $1.77, with full-year adjusted EPS guidance raised to $5.50–$5.80. The quarter was powered by biofuels-linked crush and ethanol margins, not by broad volume growth. Read the scorecard around segment profit quality, the GAAP-to-adjusted gap, and cash conversion rather than the noisy revenue line.
1 · Expected vs. Actual
Free preview belowGAAP EPS was $1.70, while adjusted EPS was $1.77. The $0.07 gap comes from $0.09 per share of impairment, exit, restructuring and settlement charges, partly offset by a $0.02 discrete tax benefit. That is a small adjustment gap, so the quarter’s earnings quality looks cleaner than the prior-year quarter, when adjusted EPS was $0.92 versus $0.22 GAAP.
The press release reports total revenues of $22.34 billion, up from $20.37 billion a year earlier. The structured data feed shows $6.63 billion, which conflicts with the segment total and the statement of earnings; treat the $22.34 billion filed revenue number as the one to use. Segment revenue was $22.22 billion, so the gap to total revenue is only $115 million of Other Business.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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