Filing Flows › Ingredion (INGR) › Guidance history
Ingredion (INGR) guidance history: what it guided and what it reported
Ingredion gave guidance in 12 earnings releases on file since Feb 6, 2024. Of 2 guided periods since reported, it met or beat its own guidance once (50%). GAAP tax rate: 1 of 2, on average -0.2 pts against the guided midpoint. Its releases raised guidance 9 times and lowered it once.
GAAP tax rate
Met or beat 1 of 2 periods (1 above, 0 within, 1 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 26.3%–27.8% (May 5, 2026) → raised 27.4%–28.9% (Aug 4, 2026) → raised 27.9%–28.9% (Nov 5, 2026) | — | to be reported | — |
| FY2025 | 25.5%–26.5% (Nov 4, 2025) | 24.4% | below the range | -1.6 pts |
| FY2024 | 28.0%–29.0% (Nov 5, 2024) | 29.8% | above the range | +1.2 pts |
Adjusted tax rate
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | 25.5%–27.0% (Feb 3, 2026) → raised 26.0%–27.5% (May 5, 2026) → reaffirmed 26.0%–27.5% (Aug 4, 2026) → raised 26.5%–27.5% (Nov 5, 2026) | — | to be reported | — |
| FY2025 | 26.0%–27.5% (Feb 4, 2025) → reaffirmed 26.0%–27.5% (May 6, 2025) → reaffirmed 26.0%–27.5% (Aug 1, 2025) → lowered 26.0%–27.0% (Nov 4, 2025) | — | — | — |
| FY2024 | 24.0%–26.0% (Feb 6, 2024) → reaffirmed 24.5%–25.5% (May 8, 2024) → raised 27.0%–28.0% (Aug 6, 2024) → lowered 26.5%–27.5% (Nov 5, 2024) | — | — | — |
GAAP EPS
This line is not in the statements Filing Flows reads, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $9.60–$10.30 (May 5, 2026) → lowered $9.15–$9.75 (Aug 4, 2026) → lowered $8.04–$8.49 (Nov 5, 2026) | — | to be reported | — |
| FY2025 | $10.93–$11.63 (May 6, 2025) → raised $11.25–$11.75 (Aug 1, 2025) → lowered $11.11–$11.31 (Nov 4, 2025) | — | — | — |
| FY2024 | $10.20–$11.15 (Feb 6, 2024) → reaffirmed $10.35–$11.00 (May 8, 2024) → lowered $10.20–$10.70 (Aug 6, 2024) → raised $10.60–$10.90 (Nov 5, 2024) | — | — | — |
Capital expenditures
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $400M–$440M (May 5, 2026) → raised $450M–$490M (Aug 4, 2026) → reaffirmed $450M–$490M (Nov 5, 2026) | — | to be reported | — |
| FY2025 | $400M–$450M (Feb 4, 2025) → reaffirmed $400M–$450M (May 6, 2025) → lowered $400M–$425M (Aug 1, 2025) → reaffirmed $400M–$425M (Nov 4, 2025) | $433M (GAAP) | not judged | — |
| FY2024 | $340M (Feb 6, 2024) → reaffirmed $340M (May 8, 2024) → reaffirmed $340M (Aug 6, 2024) → lowered $310M–$330M (Nov 5, 2024) | $295M (GAAP) | not judged | — |
Adjusted EPS
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY2026 | $11.00–$11.80 (Feb 3, 2026) → lowered $10.45–$11.15 (May 5, 2026) → lowered $10.30–$10.90 (Aug 4, 2026) → lowered $9.25–$9.70 (Nov 5, 2026) | — | to be reported | — |
| FY2025 | $10.75–$11.55 (Feb 4, 2025) → raised $10.90–$11.60 (May 6, 2025) → raised $11.10–$11.60 (Aug 1, 2025) → lowered $11.10–$11.30 (Nov 4, 2025) | — | — | — |
| FY2024 | $9.15–$9.85 (Feb 6, 2024) → raised $9.20–$9.85 (May 8, 2024) → raised $9.70–$10.20 (Aug 6, 2024) → raised $10.35–$10.65 (Nov 5, 2024) | — | — | — |
The latest quarter
Ingredion, Q3 2026: revenue $1.8B (-1% year over year), operating margin 11.2%, net earnings $142M, operating cash flow $266M. The chart follows the revenue to costs, profit and cash.
Questions
Does Ingredion beat its guidance?
Ingredion gave guidance in 12 earnings releases on file since Feb 6, 2024. Of 2 guided periods since reported, it met or beat its own guidance once (50%). GAAP tax rate: 1 of 2, on average -0.2 pts against the guided midpoint.
How often does Ingredion raise guidance?
Its earnings releases raised guidance 9 times and lowered it once since Feb 6, 2024.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.