Filing Flows › Archer-Daniels-Midland (ADM) › Q2 2026
Archer-Daniels-Midland (ADM) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Archer-Daniels-Midland (ADM) reported revenue of $22.7B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +11% from the quarter before. Operating margin was 4.8%, net earnings $912M (4.0% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.7B | +11% | +7% |
| Gross profit | $1.9B | +58% | +41% |
| Operating profit | $1.1B | +183% | +290% |
| Net earnings | $912M | +201% | +320% |
| Operating cash flow | $1.1B | +666% | -73% |
| Free cash flow | $877M | — | -78% |
What changed
Revenue was $22.7B in Q2 2026, up 7% year over year and up 11% from the previous quarter.
Gross margin was 8.5%, up 2.1 points from Q2 2025. Operating profit was $1.1B, a 4.8% margin (up 3.5 points year over year). Of the extra revenue versus Q2 2025, 53% reached operating profit, above the 1% margin then. Operating expenses fell 22% while revenue rose 7%. Net earnings were $0.91B, up 315% year over year. The effective tax rate was 16.2%.
Operating cash flow was $1.1B (down 73% year over year), 126% of net earnings. Non-cash charges added back $0.29B of depreciation and amortization and $0.07B of share-based compensation. Working capital and other items used $0.13B. Capital expenditures of $0.27B left free cash flow of $0.88B.
Questions
What was Archer-Daniels-Midland's revenue in the second quarter 2026?
Archer-Daniels-Midland (ADM) reported revenue of $22.7B for the second quarter 2026 (Q2 2026), +7% from a year earlier and +11% from the quarter before.
Was Archer-Daniels-Midland profitable in the second quarter 2026?
Operating profit was $1.1B (4.8% of revenue) and net earnings $912M.