Filing Flows › Archer-Daniels-Midland (ADM) › Q1 2026
Archer-Daniels-Midland (ADM) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Archer-Daniels-Midland (ADM) reported revenue of $20.5B for the first quarter 2026 (Q1 2026), +2% from a year earlier and +10% from the quarter before. Operating margin was 1.9%, net earnings $303M (1.5% of revenue).
Archer-Daniels-Midland, Q1 2026: revenue $20.5B (+2% year over year), operating margin 1.9%, net earnings $303M, operating cash flow $150M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.5B | +10% | +2% |
| Gross profit | $1.2B | +0.7% | +4% |
| Operating profit | $384M | -19% | +9% |
| Net earnings | $303M | -33% | +4% |
| Operating cash flow | $150M | — | — |
What changed
Revenue was $20.5B in Q1 2026, up 2% year over year and up 10% from the previous quarter.
Gross margin was 6.0%, up 0.1 points from Q1 2025. Operating profit was $0.38B, a 1.9% margin (up 0.1 points year over year). Of the extra revenue versus Q1 2025, 10% reached operating profit, above the 2% margin then. Operating expenses grew 1% against revenue growth of 2%. Net earnings were $0.30B, up 1% year over year. The effective tax rate was 21.1%.
Operating cash flow was $0.15B, 50% of net earnings. Non-cash charges added back $0.29B of depreciation and amortization and $0.06B of share-based compensation. Working capital and other items used $0.51B. Capital expenditures of $0.19B exceeded it, leaving free cash flow of −$0.04B.
Questions
What was Archer-Daniels-Midland's revenue in the first quarter 2026?
Archer-Daniels-Midland (ADM) reported revenue of $20.5B for the first quarter 2026 (Q1 2026), +2% from a year earlier and +10% from the quarter before.
Was Archer-Daniels-Midland profitable in the first quarter 2026?
Operating profit was $384M (1.9% of revenue) and net earnings $303M.