{"id":74064,"date":"2026-11-03T07:38:18","date_gmt":"2026-11-03T11:38:18","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/adm-and-dupont-exceed-q3-earnings-expectations-raise-full-year-2026-guidance\/74064\/"},"modified":"2026-11-03T07:38:18","modified_gmt":"2026-11-03T11:38:18","slug":"adm-and-dupont-exceed-q3-earnings-expectations-raise-full-year-2026-guidance","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/adm-and-dupont-exceed-q3-earnings-expectations-raise-full-year-2026-guidance\/74064\/","title":{"rendered":"ADM and DuPont Exceed Q3 Earnings Expectations, Raise Full-Year 2026 Guidance"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>DuPont (<a href=\"\/stock\/DD\">DD<\/a>)<\/strong> delivered a significant earnings beat with <strong>adjusted EPS of $2.09<\/strong>, surpassing the <strong>$1.88<\/strong> analyst estimate, and raised its full-year 2026 guidance.<\/li>\n<li><strong>Archer-Daniels-Midland (<a href=\"\/stock\/ADM\">ADM<\/a>)<\/strong> reported <strong>adjusted EPS of $1.77<\/strong>, beating expectations of <strong>$1.60<\/strong>, driven by a surge in its <strong>Agriculture Services and Oilseeds<\/strong> segment.<\/li>\n<li>Both companies raised their <strong>FY2026 adjusted EPS outlooks<\/strong>, signaling confidence in sustained demand across biofuels, healthcare, and aerospace markets.<\/li>\n<li><strong>ADM<\/strong> lowered its planned capital expenditures to a range of <strong>$1.2 billion to $1.3 billion<\/strong>, prioritizing high-return investments.<\/li>\n<li><strong>DuPont<\/strong> announced plans for an additional <strong>$250 million in share repurchases<\/strong> for the fourth quarter following strong free cash flow conversion.<\/li>\n<\/ul>\n<h2>DuPont Surges on Organic Growth and Guidance Hike<\/h2>\n<p>DuPont (<a href=\"\/stock\/DD\">DD<\/a>) reported robust third-quarter 2026 results, characterized by a <strong>4% increase in net sales<\/strong> to <strong>$1.87 billion<\/strong>, slightly ahead of the <strong>$1.84 billion<\/strong> consensus. The company&#39;s <strong>adjusted EPS of $2.09<\/strong> represented a substantial beat against the <strong>$1.88<\/strong> expected by analysts. This performance was underpinned by <strong>5% organic sales growth<\/strong>, particularly within the <strong>Healthcare &amp; Water Technologies<\/strong> and <strong>Diversified Industrials<\/strong> segments, which saw sales rises of <strong>4%<\/strong> and <strong>4.2%<\/strong> respectively.<\/p>\n<p>The specialty materials giant raised its <strong>full-year 2026 adjusted EPS guidance<\/strong> to a range of <strong>$7.47 to $7.52<\/strong>, up from the previous forecast of <strong>$7.17 to $7.32<\/strong>. Management also increased the <strong>FY2026 operating EBITDA<\/strong> outlook to approximately <strong>$1.79 billion<\/strong>. CEO Lori Koch attributed the success to <em>strong operating leverage and disciplined capital allocation<\/em>, noting that the company achieved a <strong>121% transaction-adjusted free cash flow conversion<\/strong> during the period.<\/p>\n<h2>ADM Biofuels Strength Offsets Revenue Miss<\/h2>\n<p>Archer-Daniels-Midland (<a href=\"\/stock\/ADM\">ADM<\/a>) posted third-quarter <strong>adjusted EPS of $1.77<\/strong>, comfortably exceeding the <strong>$1.60<\/strong> analyst estimate. While the company&#39;s <strong>revenue of $22.34 billion<\/strong> fell short of the <strong>$22.51 billion<\/strong> target, it still marked a <strong>10% year-over-year increase<\/strong>. The earnings beat was primarily driven by the <strong>Agriculture Services and Oilseeds<\/strong> segment, where operating profit skyrocketed <strong>105% to $778 million<\/strong>, fueled by favorable North American biofuels margins.<\/p>\n<p>Following the strong quarterly results, <strong>ADM<\/strong> raised its <strong>full-year 2026 adjusted EPS guidance<\/strong> to a range of <strong>$5.50 to $5.80<\/strong>, compared to the prior estimate of <strong>$5.53<\/strong>. The company is benefiting from a <em>constructive biofuels environment<\/em> and robust domestic demand for ethanol. Additionally, <strong>ADM<\/strong> refined its capital allocation strategy, narrowing its <strong>FY2026 capital expenditure<\/strong> forecast to <strong>$1.2B\u2013$1.3B<\/strong> from a previous high of <strong>$1.5B<\/strong>.<\/p>\n<h2>Market Outlook and Shareholder Returns<\/h2>\n<p>Both industrial leaders are aggressively returning value to shareholders. <strong>DuPont<\/strong> completed a <strong>$250 million accelerated share purchase<\/strong> in Q3 and intends to buy back another <strong>$250 million<\/strong> in Q4. Meanwhile, <strong>ADM<\/strong> shares have climbed approximately <strong>32% year-to-date<\/strong>, significantly outperforming the broader <a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a>.<\/p>\n<p>Looking ahead to the fourth quarter, <strong>DuPont<\/strong> expects <strong>net sales of approximately $1.83 billion<\/strong> and <strong>adjusted EPS between $1.90 and $1.95<\/strong>. <strong>ADM<\/strong> management expressed optimism for the final quarter, forecasting <em>year-over-year operating profit improvement across all business segments<\/em> despite ongoing monitoring of macroeconomic and geopolitical trade environments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways DuPont (DD) delivered a significant earnings beat with adjusted EPS of $2.09, surpassing the $1.88 analyst estimate, and 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