ADM reported net earnings of $908 million for the second quarter of 2026, up from $279 million in the same period last year, the Chicago-based company said Monday.
Earnings per share reached $1.87, compared with $0.45 a year earlier. Adjusted earnings per share came in at $1.84, up from $0.93 in the second quarter of 2025.
The company raised its full-year adjusted earnings guidance to a range of $5.15 to $5.60 per share, up from the previous forecast of $4.15 to $4.70.
Juan Luciano, chair and chief executive, said segment operating profit rose across all three business units in the quarter. He attributed the results to commercial and operational execution, a constructive biofuels environment and momentum in nutrition.
The Agriculture Services and Oilseeds segment posted operating profit of $867 million, up 129% from the prior year quarter. The increase came primarily from margin expansion in agricultural services and North American crushing operations.
The segment benefited from renewable volume obligations finalized in March 2026 under the U.S. Renewable Fuel Standard and elevated global energy prices. Global oilseed volumes increased about 5% compared with the year-earlier period.
Carbohydrate Solutions reported operating profit of $411 million, a 22% increase from the second quarter of 2025. North American ethanol margins remained strong, supported by policy incentives and lower U.S. corn prices.
The Nutrition segment generated operating profit of $172 million, representing a 51% increase year over year. Human nutrition operations drove the growth, with flavors showing strength from seasonal momentum and continued progress at the Decatur East plant.
For the first half of 2026, total segment operating profit reached $2.2 billion, up 40% from the same period in 2025.
The company projects capital expenditures for the year will range from $1.3 billion to $1.5 billion.
