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ADM posts strong Q2, lifts full-year EPS guidance to $5.15-$5.60
The company reported adjusted EPS of $1.84 and revenue of $22.68 billion, with crushing and ethanol margins supported by U.S. Renewable Volume Obligation policy and energy prices.
Archer Daniels Midland posted one of its strongest quarters in years, reporting adjusted earnings per share of $1.84 for Q2, up nearly double from 93 cents a year earlier. The company also said Q2 revenue rose to $22.68 billion from $21.17 billion, though it came in slightly below analyst estimates, according to MarketBeat Ratings.
ADM raised its full-year adjusted EPS guidance to $5.15 to $5.60, up from the prior $4.15 to $4.70 range. The stock’s initial move was muted, with the shares gaining about 1% early in the session after results were released Aug. 4, MarketBeat Ratings noted.
The improved quarter reflected stronger margin capture across ADM’s processing businesses. MarketBeat Ratings said crushing operating profit jumped $330 million, and that margins in two segments were supported by the U.S. Renewable Volume Obligation policy, elevated global energy prices, and strong meal demand.
The outlet also pointed to similar strength in ethanol margins at Carbohydrate Solutions, tied to the same RVO policy backdrop. MarketBeat Ratings said ADM linked its constructive operating environment to finalized 2026 and 2027 RVO mandates, raising questions among investors about how much of the earnings strength is policy driven.