Corteva Inc. reported increased net sales and earnings for the second quarter and first half of 2026, prompting the company to raise its full-year guidance while maintaining plans for an October separation.
The company posted net sales of $6.38 billion for the second quarter, down 1% from the same period in 2025. Organic sales decreased 2% to $6.32 billion. Operating EBITDA increased 4% to $2.26 billion, while operating earnings per share rose 5% to $2.30.
For the first half of 2026, net sales reached $11.28 billion, up 4% from the prior year. Organic sales increased 2% to $11.05 billion. Operating EBITDA grew 10% to $3.70 billion, and operating EPS climbed 14% to $3.80 per share.
The seed segment drove growth in the first half, with net sales up 4% and organic sales increasing 3%. Price and mix improved 3%, led by North America and Europe, Middle East and Africa regions. The company attributed the gains to its pricing strategy and increased royalty income. Volume remained flat, reflecting a shift from corn to soy in North America and timing changes in Latin America.
Crop protection net sales increased 3% in the first half, though organic sales declined 1%. Volume grew 2% on demand for new products, but price dropped 3% because of market conditions in Latin America.
GAAP income from continuing operations for the first half totaled $1.94 billion, with earnings per share of $2.88.
Based on the first-half performance, Corteva updated its full-year 2026 guidance. The company now expects operating EBITDA between $4.1 billion and $4.3 billion. Operating EPS is projected at $3.60 to $3.80 per share.
Corteva said it remains on track to complete its planned separation, targeting an Oct. 1 spin-off date for Vylor. The company cited strong performance, benefits from operational improvements and growth platforms as factors in the raised outlook.
