The company said earnings before income taxes for Q1 2026 were $384 million, up from $353 million a year earlier, and that total segment operating profit (a non-GAAP measure) rose $17 million from $747 million to $764 million.

1. 01

   The company said earnings before income taxes for Q1 2026 were $384 million, up from $353 million a year earlier, and that total segment operating profit (a non-GAAP measure) rose $17 million from $747 million to $764 million.

2. 02

   ADM said segment operating profit fell 34% at Ag Services and Oilseeds, while Carbohydrate Solutions rose 48% and Nutrition rose 42%. The company said the Ag Services and Oilseeds results included net negative mark-to-market and timing impacts of about $275 million.

3. 03

   The company said revenues for Q1 2026 increased $315 million to $20.5 billion, and gross profit rose $42 million to $1.2 billion. It cited higher sales prices ($743 million) as the factor, partially offset by lower sales volumes ($428 million).

4. 04

   ADM said net cash provided by operating activities for Q1 2026 was $150 million, compared with net cash used of $342 million a year earlier. As of March 31, 2026, the company said its total available liquidity was $9.0 billion, consisting of cash of $591 million and unused lines of credit.

Key figures

Quarter ended March 31, 2026

Revenue

$20.5B

Net income

$298M

EPS

$0.62

Gross profit

$1.2B

Operating cash flow

$150M

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.