Filing Flows › Archer-Daniels-Midland (ADM) › Q3 2026 › vs Q2 2026
Archer-Daniels-Midland (ADM) Q3 2026 vs Q2 2026 (quarter over quarter)
Archer-Daniels-Midland's revenue fell $346M (-2%) from $22.7B in Q2 2026 to $22.3B in Q3 2026. Gross margin 8.4% against 8.5% (-0.1 pts).
Archer-Daniels-Midland, Q3 2026: revenue $22.3B (+10% year over year), operating margin 4.5%, net earnings $826M, operating cash flow $489M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 8.4% | 8.5% | -0.1 pts |
| Operating margin | 4.5% | 4.8% | -0.3 pts |
| Net margin | 3.7% | 4.0% | -0.3 pts |
| Free cash flow margin | 0.8% | 3.9% | -3.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $22.3B | $22.7B | −$346M | -2% |
| Gross profit | $1.9B | $1.9B | −$49.0M | -3% |
| Cost of revenue | $20.4B | $20.7B | −$297M | -1% |
| Operating profit | $997M | $1.1B | −$91.0M | -8% |
| Operating expenses | $889M | $847M | $42.0M | +5% |
| Pre-tax earnings | $997M | $1.1B | −$91.0M | -8% |
| Net earnings | $826M | $912M | −$86.0M | -9% |
| Income tax | $171M | $176M | −$5.0M | -3% |
| Depreciation & amortization | $295M | $293M | $2.0M | +0.7% |
| Share-based compensation | $38.0M | $74.0M | −$36.0M | -49% |
| Working capital & other | $670M | $130M | $540M | +415% |
| Operating cash flow | $489M | $1.1B | −$660M | -57% |
| Free cash flow (OCF − capex) | $182M | $877M | −$695M | -79% |
| Capital expenditures | $307M | $272M | $35.0M | +13% |
Questions
How much did Archer-Daniels-Midland's revenue grow quarter over quarter in Q3 2026?
Archer-Daniels-Midland's revenue fell $346M (-2%) from $22.7B in Q2 2026 to $22.3B in Q3 2026. Gross margin 8.4% against 8.5% (-0.1 pts).