Archer-Daniels-Midland Company (ADM)

Archer-Daniels-Midland beat on EPS but came in below revenue consensus in the second fiscal quarter of 2026, reported Aug. 4, as EPS of $1.84 topped the roughly $1.5 estimate by about 24% while revenue of about $22.7 billion missed the roughly $22.8 billion consensus by about -0.3%. Revenue rose about 7% from about $21.2 billion a year earlier to about $22.7 billion, with gross margin near 9% and operating margin around 4%. ADM's largest operating segment, Operating Segments, generated about $22.6 billion, up about 7%, while Refined Products and Other and Crushing climbed about 20% and about 17%. EPS of $1.84 was up about 98% from $0.93 a year ago, and net income rose about 315% to about $908 million from about $219 million. Operating cash flow came in at about $1.2 billion, the company paid about $256 million in dividends, and next-period consensus calls for EPS of $1.34 on revenue of about $22.3 billion.