Corteva raises full-year 2026 outlook on strong Seed results, though second quarter EPS misses.

Corteva reported second-quarter 2026 revenue of $6.38 billion and GAAP EPS of $1.81, beating revenue estimates of $6.25 billion but missing earnings expectations of $2.22. On a non-GAAP basis, Operating EPS grew 5% to $2.30, and the company raised its full-year guidance.

Key Highlights

• The company increased its full-year 2026 guidance, now expecting Operating EBITDA between $4.1 billion and $4.3 billion and Operating EPS between $3.60 and $3.80 per share.
• Seed segment net sales were flat year-over-year at $4.53 billion, but segment operating EBITDA increased 6% to $1.97 billion, with margins expanding by over 230 basis points on strong pricing and cost management.
• Crop Protection net sales declined 4% to $1.85 billion, impacted by competitive pricing in Latin America, but segment operating EBITDA still grew 2% as productivity actions improved margins by over 110 basis points.