FMC Corporation slashes full-year guidance 55% despite Q2 EPS beat
As seen on the 24/7 Wall St. homepage on July 29, 2026.
FMC beat earnings but slashed full-year guidance by 55% and announced $1 billion in asset sales as the agricultural chemicals maker battles weak North American grower demand and mounting debt of $4.28 billion. The $186.6 million GAAP loss reflected $222.3 million in restructuring charges, while revenue fell 17.5% year-over-year to $867.1 million.
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FMC reported Q2 2026 adjusted earnings of $0.26 per share, beating the $0.2209 consensus estimate by roughly 18%, but that headline win was quickly overshadowed by a dramatic reset of expectations. The company cut its full-year guidance by 55% and announced $1 billion in planned asset sales, signaling that management sees the current pressures as deep and prolonged rather than a temporary dip.
The numbers underneath the earnings beat tell a harder story. Revenue fell 17.5% year-over-year to $867.1 million, missing estimates by about 3%, while the GAAP result was a $186.6 million loss driven by $222.3 million in restructuring charges. Weak North American grower demand is squeezing the agricultural chemicals business, and total debt of $4.28 billion is adding urgency to the asset-sale program.
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Looking at FMC's recent track record, the company had strung together several consecutive quarters of beating both EPS and revenue estimates, including a strong $1.79 reported EPS in Q4 2024. The severity of the Q2 2026 guidance cut and the scale of the restructuring charges mark a meaningful departure from that trajectory, making the progress of the asset sales and any signs of demand recovery in North America the key variables for investors to monitor going forward.
Mentioned: FMC