Filing Flows › Archer-Daniels-Midland (ADM) › Q2 2026 › vs Q1 2026
Archer-Daniels-Midland (ADM) Q2 2026 vs Q1 2026 (quarter over quarter)
Archer-Daniels-Midland's revenue rose $2.2B (+11%) from $20.5B in Q1 2026 to $22.7B in Q2 2026. Gross margin 8.5% against 6.0% (+2.6 pts).
Archer-Daniels-Midland, Q2 2026: revenue $22.7B (+7% year over year), operating margin 4.8%, net earnings $912M, operating cash flow $1.1B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 8.5% | 6.0% | +2.6 pts |
| Operating margin | 4.8% | 1.9% | +2.9 pts |
| Net margin | 4.0% | 1.5% | +2.5 pts |
| Free cash flow margin | 3.9% | -0.2% | +4.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $22.7B | $20.5B | $2.2B | +11% |
| Gross profit | $1.9B | $1.2B | $713M | +58% |
| Cost of revenue | $20.7B | $19.3B | $1.5B | +8% |
| Operating profit | $1.1B | $384M | $704M | +183% |
| Operating expenses | $847M | $838M | $9.0M | +1% |
| Pre-tax earnings | $1.1B | $384M | $704M | +183% |
| Net earnings | $912M | $303M | $609M | +201% |
| Income tax | $176M | $81.0M | $95.0M | +117% |
| Depreciation & amortization | $293M | $293M | $0 | 0% |
| Share-based compensation | $74.0M | $64.0M | $10.0M | +16% |
| Working capital & other | $130M | $510M | −$380M | -75% |
| Operating cash flow | $1.1B | $150M | $999M | +666% |
| Free cash flow (OCF − capex) | $877M | −$44.0M | $921M | — |
| Capital expenditures | $272M | $194M | $78.0M | +40% |
Questions
How much did Archer-Daniels-Midland's revenue grow quarter over quarter in Q2 2026?
Archer-Daniels-Midland's revenue rose $2.2B (+11%) from $20.5B in Q1 2026 to $22.7B in Q2 2026. Gross margin 8.5% against 6.0% (+2.6 pts).