Corteva reported first quarter 2026 net sales of $4.9 billion, an 11% increase year-over-year, with Operating EPS growing 33% to $1.50. The company reaffirmed its full-year 2026 guidance for Operating EBITDA and Operating EPS, expecting growth of 7% at the mid-point for both.
Key Highlights
- Seed segment net sales grew 12% to $3.02 billion, beating the $2.88 billion analyst estimate. The growth was driven by a 6% increase in volume and a 3% increase in price/mix, with gains in all regions.
- Crop Protection net sales increased 10% to $1.88 billion, led by a 6% volume improvement from demand for new products. This was partially offset by a 2% price decline due to competitive market dynamics in Latin America.
- Operating EBITDA increased 21% to $1.44 billion, significantly outpacing the 7% organic sales growth and reflecting margin expansion across both business segments.
- The company remains on track for its planned separation into two independent companies in the second half of 2026.