Archer-Daniels-Midland (ADM) Q3 2025 Earnings
How Did ADM Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: +1.55%.
Did ADM Beat Earnings? Q3 2025 Results
Yes. Archer-Daniels-Midland reported Q3 2025 earnings of $0.92 a share on Nov 4, 2025, beating the $0.85 consensus estimate by 7.9%. Revenue was $20.4B against a $20.8B estimate.
Archer-Daniels-Midland delivered a mixed third quarter for fiscal 2025, beating on earnings while falling short on the top line against a backdrop of persistent industry headwinds. Adjusted EPS came in at $0.92, clearing the $0.85 consensus estimate by 7.91%, but revenue of $20.37 billion trailed expectations of $20.77 billion by 1.94%, even as sales edged 2.2% higher year over year. The most consequential drag was a 93% collapse in Crushing segment operating profit, driven by muted biofuel demand tied to deferred U.S. policy and disrupted international trade flows, a dynamic that also prompted JPMorgan to downgrade the stock amid broader profit concerns. Total segment operating profit fell 19% to $845.00 million, weighed further by $220.00 million in specified items including a $163.00 million share of a penalty on equity investee Wilmar International. Management cut full-year 2025 adjusted EPS guidance to $3.25 to $3.50 per share from roughly $4.00, citing lower crush margins, while pointing to anticipated biofuel policy clarity and trade stabilization as the key catalysts underpinning a more constructive outlook heading into 2026.
- Higher North American export activity drove Ag Services subsegment profit up 78%
- Crushing subsegment profit dropped 93% due to muted biofuel demand and deferred U.S. biofuel policy
- Nutrition segment grew 24% driven by Flavors margin improvement and Animal Nutrition portfolio streamlining
- Vantage Corn Processors benefited from strong export flows and elevated pricing from industry plant downtime
- Global crush volumes increased 2.6% sequentially and 2.2% year-over-year through operational optimization
- Starches and Sweeteners impacted by lower global demand and higher EMEA corn costs related to quality issues
- Record revenue achieved in Flavors North America
- Robust cash flow supported by portfolio optimization and working capital improvement of $3.7 billion year-to-date
“During the third quarter, we made solid progress in areas within our control, as we navigated a highly dynamic global environment. We advanced our portfolio optimization initiatives, accomplished cost savings through targeted streamlining, efficiently ran our plants, and generated robust cash flow.”
Archer-Daniels-Midland CEO, on the earnings call
What Was Archer-Daniels-Midland's Outlook in Q3 2025?
ADM revised its full-year 2025 adjusted EPS guidance downward to $3.25–$3.50 per share from the previous target of approximately $4.00, primarily reflecting lower crush margins due to muted biofuel demand from deferred U.S. biofuel policy. The company expects biofuel policy clarity and global trade policy evolution to provide demand signals for the industry, underpinning a constructive outlook for 2026. Management emphasized the company is built to endure cycles and its asset network and workforce will remain reliable strengths.
ADM YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $20.4B | $19.9B | +2.2% |
| Gross Profit | $1.3B | $1.4B | −7.0% |
| Net Income | $108.0M | $18.0M | +500.0% |
ADM Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.