Corteva raises full-year profit forecast, shares fall after revenue miss

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July 30, 2026 4:41 PM EDT

The logo and trading info for Corteva Agriscience, a former division of DowDuPont, is displayed on a screen at the New York Stock Exchange (NYSE) in New York, U.S., June 3, 2019. REUTERS/Brendan McDermid

July 30 (Reuters) - U.S. agriscience company ‌Corteva on Thursday ​raised ​its forecast for full-year adjusted profit, based on strong demand across key crop markets.

The acreage shift toward soybeans and away ‌from corn is expected to support demand for seed traits, ⁠as farmers adjust planting decisions in response to higher input costs and tighter margins.

The ‌company is among the ‌largest crop-protection product makers in the United States, competing with the likes of Swiss-based group Syngenta and German firms BASF and Bayer in ​the agricultural chemicals sector.

However, Corteva's shares fell 3.7% in extended trading as revenue for the second quarter fell short of analysts' estimate.

Crop ⁠prices were mixed in the reported quarter, with gains in soybean and corn offset by weak ​wheat prices amid ample supplies, keeping farm incomes under pressure and farmers cautious on spending.

The shift may weigh on ​volumes and margins for companies like ‌Corteva in the third quarter, as fewer corn acres curb demand for chemical-intensive crop protection products, while elevated fertilizer ⁠and fuel costs limit farm spending.

During the second quarter, net sales in Corteva's seeds segment was flat at $4.53 billion, while the crop protection segment net sales ⁠were down 4% at $1.85 billion.

The U.S. Department of Agriculture said in June that U.S. ​farmers planted fewer acres of corn and more soybeans in 2026, reflecting weaker returns for fertilizer-intensive crops amid elevated input costs.

The company reported quarterly revenue of $6.38 billion ‌missing estimates of $6.58 billion.

The company now expects full-year 2026 adjusted earnings between $3.60 to $3.80 per share, up from a ‌prior view of $3.45-$3.70 per share.

The company expects full-year operating EBITDA of $4.1 billion ⁠to $4.3 billion, the mid-point of ‌which is slightly above ​analysts' average estimate of about $4.18 billion, according to data compiled by LSEG.

(Reporting by Varun Sahay in Bengaluru; Editing by ‌Shailesh Kuber)


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