Archer-Daniels-Midland (ADM) Earnings: Q3 2026 Results and Next Report Date

The quarter ended September 30, 2026 and Archer-Daniels-Midland published the results on November 3, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Archer-Daniels-Midland reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• ADM's year-ago GAAP EPS of $0.22 included $0.41 of impairment, exit, restructuring and settlement charges and $0.34 for ADM's share of the penalty imposed on Wilmar, which is why GAAP EPS rose far faster than adjusted EPS.
• Revenue for a commodity processor moves with crop and oil prices: ADM says higher sales prices added $2.0 billion to Ag Services and Oilseeds revenues in the quarter while lower volumes took $189 million off.

Source: ADM Q3 2026 results, November 3, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Archer-Daniels-Midland splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Archer-Daniels-Midland's Ag Services and Oilseeds revenue was $17.4 billion in Q3 2026, up 12% from $15.6 billion in Q3 2025, 78% of total revenue.
• Archer-Daniels-Midland's Carbohydrate Solutions revenue was $2.9 billion in Q3 2026, up 7% from $2.7 billion in Q3 2025, 13% of total revenue.
• Archer-Daniels-Midland's Nutrition revenue was $1.8 billion in Q3 2026, down 4% from $1.9 billion in Q3 2025, 8% of total revenue.
• Archer-Daniels-Midland's Other Business revenue was $115 million in Q3 2026, up 6% from $109 million in Q3 2025, under 1% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

ADM now expects 2026 adjusted EPS of approximately $5.50 to $5.80, up from its prior range of $5.15 to $5.60, and capital expenditures of $1.2 to $1.3 billion, down from $1.3 to $1.5 billion. ADM does not give a forecast for GAAP EPS.

In its Q3 2026 release, Archer-Daniels-Midland said:

“Raises full-year 2026 adjusted EPS guidance on continued robust execution in a constructive biofuels environment”

“The updated outlook reflects expected year-over-year operating profit improvement for the fourth quarter in all segments”

Source: ADM Q3 2026 release, Nov 3, 2026.

This is the company's own guidance as of Nov 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the ADM forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenues and diluted EPS, each as first reported in that quarter's release.

Archer-Daniels-Midland's next report is expected around February 2, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 3, 2026

Archer-Daniels-Midland's revenue is dominated by Ag Services and Oilseeds, which brought in $17,445 million of the $22,335 million total in Q3 2026. Carbohydrate Solutions added $2,938 million, Nutrition $1,837 million and Other Business $115 million. (ADM Q3 2026 release, Nov 3, 2026)

Ag Services and Oilseeds originates, merchandises, transports and stores crops, and crushes soybeans and soft seeds into vegetable oils and protein meals sold to food, feed, energy and industrial customers, including renewable diesel makers. Carbohydrate Solutions mills corn and wheat into sweeteners, starches, flour and ethanol. Nutrition sells ingredients such as plant-based proteins, flavors, colors and probiotics, plus animal feed and pet food ingredients. ADM also holds a 22.5% stake in Wilmar International. (ADM Form 10-K, fiscal 2025, Feb 17, 2026)

ADM's revenues rose $2.0 billion to $22.3 billion, and the 10-Q puts the Ag Services and Oilseeds increase down to higher sales prices ($2.0 billion), mainly for oils, soybeans and biodiesel, against lower sales volumes ($189 million) of soybeans and wheat. Carbohydrate Solutions revenues gained from both prices ($126 million) and volumes ($78 million), while Nutrition revenues fell mainly on lower volumes ($58 million). (ADM Form 10-Q, Q3 2026, Nov 3, 2026)

The largest change in ADM's Q3 2026 profit was in Crushing, where operating profit was $311 million against $13 million a year earlier, which ADM attributed to a constructive North American biofuels margin environment driven by the Renewable Volume Obligation policy finalized in March and higher global energy prices. Vantage Corn Processors earned $146 million against $43 million on ethanol margins. In South America, crush margins were pressured by the delay in Brazil's biofuels policy changes. (ADM Q3 2026 release, Nov 3, 2026)

Sales are booked through subsidiaries around the world. For fiscal 2025, ADM's revenues attributed to the United States were $31,175 million and to Switzerland $17,793 million, out of $80,269 million in total. (ADM Form 10-K, fiscal 2025, Feb 17, 2026)

Archer-Daniels-Midland reported GAAP diluted EPS of $1.70 and adjusted EPS of $1.77 in Q3 2026. Adjusted EPS removes what ADM calls specified items: this quarter $0.09 of impairment, exit, restructuring charges and settlement contingencies, partly offset by a $0.02 discrete tax benefit. Net earnings were $821 million and adjusted net earnings $858 million. (ADM Q3 2026 release, Nov 3, 2026)

The year-ago gap was much wider. Q3 2025 GAAP EPS of $0.22 compared with adjusted EPS of $0.92, after $0.41 of impairment and restructuring charges and $0.34 for ADM's share of the penalty imposed on Wilmar were added back. GAAP EPS therefore rose by $1.48 from a year earlier while adjusted EPS rose by $0.85. (ADM Q3 2026 release, Nov 3, 2026)

ADM's effective tax rate fell to 17.2% from 25.2% a year earlier, which the 10-Q attributes primarily to non-taxable benefits from Section 45Z clean fuel production credits. Diluted shares were 484 million in both quarters; ADM repurchased $360 million of stock in the quarter and paid dividends of $0.52 per share. (ADM Form 10-Q, Q3 2026, Nov 3, 2026; ADM Q3 2026 release, Nov 3, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Archer-Daniels-Midland gives a full-year adjusted EPS range in its release and updates it each quarter. With Q3 2026 results it raised the 2026 range to approximately $5.50 to $5.80, from $5.15 to $5.60, and cut planned capital expenditures to $1.2 to $1.3 billion from $1.3 to $1.5 billion. ADM said the outlook reflects expected year-over-year operating profit improvement in the fourth quarter in all segments. (ADM Q3 2026 release, Nov 3, 2026)

ADM does not forecast GAAP EPS, citing the unreasonable efforts exemption, because it cannot predict impairments, restructuring charges and legal and tax outcomes. Through nine months ADM has reported adjusted EPS of $4.33. (ADM Q3 2026 release, Nov 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Archer-Daniels-Midland, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Archer-Daniels-Midland's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning ADM is on is ADM a buy or a sell?, what analysts expect next is on the ADM forecast, and what the company does is on the Archer-Daniels-Midland (ADM) stock page.

Every number on this page can be traced to a document Archer-Daniels-Midland published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.