Archer-Daniels-Midland Co

Company facts

Industry

Fats & Oils

Headquarters

Chicago, Illinois

Most recent report

8-K, filed Aug 12, 2026

Incorporated

Delaware

Filings on record

1,002+ filings

On EDGAR

CIK 7084

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 11 sections worth reading, with 2 positive, 7 notable, and 4 negative flags.

• Financial Statements (Item 1)

  Financial statements with material litigation, segment results, and hedging details.
  Notable

  • Total lines of credit $12.6B as of June 2026, with $10.0B unused.
  Negative

  • Commodity class actions allege damages between $500 million and over $2.0 billion.
  • Shareholder securities class action: court denied dismissal motion on March 12, 2025.

• Management's Discussion (Item 2)

  Quarterly results with profit surge across all segments; operating cash flow drop is a key concern.
  Positive

  • Total segment operating profit rose 75% to $1.5B from $830M in Q2 2025, driven by all three segments.
  • Gross profit increased 41% to $1.9B from $1.3B in Q2 2025, led by Ag Services and Oilseeds.
  Notable

  • Targeting over $500M in cost savings over 3-5 years through cost optimization and portfolio simplification.
  • Two joint ventures launched in early 2026: Two Rivers Premium Oils (cottonseed) and Akralos (animal feed).
  • US biofuel policy announcements in Q1 2026 positively impacted ethanol and crush margins in Q2 2026.
  • CBP initiated tariff refund process in April 2026; company expects no significant financial impact.
  • Inventory cash outflow $298M this period vs inflow $2.2B last year, reflecting higher commodity prices and volumes.
  • Purchase obligations rose to $16.2B from $13.8B at year-end 2025, with $13.5B due within 12 months.
  Negative

  • Operating cash flow dropped to $1.3B for H1 2026 from $4.0B in H1 2025, driven by working capital changes.
  • No share repurchases in Q2 2026; only $115M remains of the buyback authorization through Dec 2029.

What changed: Jun 2026 vs. Mar 2026

About 22% of ADM's Jun 2026 10-Q is new information. 83 paragraphs were added, 148 changed, and 32 removed. Below are the most important lines SECSift identified.

• Item 2 104
• Item 1 77
• Item 4 2
• Item 5 1
• Item 6 1