ADM Q2 2025 Earnings
Reported Aug 5, 2025 at 7:08 AM ET · SEC Source
Q2 25 EPS
$0.93
BEAT +16.82%
Est. $0.80
Q2 25 Revenue
$21.17B
MISS 2.96%
Est. $21.81B
vs S&P Since Q2 25
+22.3%
BEATING MARKET
ADM +37.1% vs S&P +14.8%
Market Reaction
Did ADM Beat Earnings? Q2 2025 Results
Archer-Daniels-Midland delivered a mixed second quarter for fiscal 2025, posting adjusted earnings per share of $0.93 that cleared the $0.80 consensus estimate by 16.82%, even as revenue of $21.17 billion fell short of the $21.81 billion analysts had… Read more Archer-Daniels-Midland delivered a mixed second quarter for fiscal 2025, posting adjusted earnings per share of $0.93 that cleared the $0.80 consensus estimate by 16.82%, even as revenue of $21.17 billion fell short of the $21.81 billion analysts had expected and slid 4.9% from the year-ago period. The headline beat masks a more complicated picture beneath the surface: GAAP net earnings collapsed to $219 million from $486 million a year earlier, weighed down by $323 million in pretax charges tied to asset impairments, restructuring costs, and contingent settlements. The most consequential operational drag came from the Ag Services and Oilseeds segment, where Crushing profit fell sharply amid weaker vegetable oil demand fueled by biofuel policy uncertainty and trade headwinds. On the governance front, ADM remediated a previously identified material weakness in internal controls, a meaningful step for a company that has faced investor scrutiny over its reporting practices. Looking ahead, management tightened its full-year 2025 adjusted EPS guidance to approximately $4.00, noting that improved margins tied to emerging Renewable Volume Obligation clarity are expected to benefit the fourth quarter most, with the company declaring its 375th consecutive quarterly dividend of $0.51 per share.
Key Takeaways
- • Crushing profits down 75% YoY due to lower vegetable oil demand from biofuel and trade policy uncertainty
- • Ag Services lower on reduced volumes and margins from trade policy uncertainty, lower commodity prices, and slower farmer selling
- • RPO subsegment operating profit up 14% YoY with favorable mark-to-market timing impacts
- • Nutrition segment up 5% driven by improved Animal Nutrition margins and cost optimization
- • North America corn wet milling operating profit improved slightly as higher liquid sweetener margins offset weaker starch volumes
- • International Starches & Sweeteners pressured by higher EMEA corn costs related to corn quality issues
- • Wilmar equity earnings approximately 13% higher versus prior year quarter
- • Lower net interest expense reduced corporate costs
ADM YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
ADM Revenue by Segment
With YoY comparisons, source: SEC Filings
“In the second quarter, ADM continued to make progress on operational improvements, driving cost savings through targeted realignments and advancing our pipeline of portfolio simplification opportunities, all while continuing our disciplined approach to capital allocation.”
— Juan Luciano, Q2 2025 Earnings Press Release
ADM Earnings Trends
ADM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ADM EPS Trend
Earnings per share: estimate vs actual
ADM Revenue Trend
Quarterly revenue: estimate vs actual
ADM Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 MISS FY | $0.89 | $0.87 | -1.76% | $18.56B | -13.22% |
| FY Full Year | $3.38 | $3.43 | +1.35% | $80.27B | -3.43% |
| Q3 25 BEAT | $0.85 | $0.92 | +7.91% | $20.37B | -1.94% |
| Q2 25 BEAT | $0.80 | $0.93 | +16.82% | $21.17B | -2.96% |
| Q1 25 BEAT | $0.67 | $0.70 | +4.46% | $20.18B | -8.50% |