Quarterly ResultJul 31, 2026, 05:24 PM
Corteva Q2 Net Sales $6.38B, Net Income $1.16B; Restructuring
AI Summary
Corteva reported Q2 2026 net sales of $6.38 billion, a 1.2% decrease from the prior year, with net income attributable to Corteva falling 11.6% to $1.16 billion, and basic EPS at $1.73. For the first six months, net sales increased 3.8% to $11.28 billion, but net income declined 4.3% to $1.88 billion. The company is undertaking significant restructuring actions, including $80 million in expected charges for 2026 workforce reductions and $750-$815 million for the Crop Protection Operations Strategy, which involves exiting production sites.
Key Highlights
- Q2 2026 net sales decreased 1.2% to $6.38 billion from $6.46 billion in Q2 2025.
- Q2 2026 net income attributable to Corteva fell 11.6% to $1.16 billion from $1.31 billion.
- Q2 2026 basic EPS was $1.73, down from $1.92 in Q2 2025.
- Year-to-date net sales increased 3.8% to $11.28 billion; net income decreased 4.3% to $1.88 billion.
- Seed segment sales were $4.53 billion in Q2, while Crop Protection sales were $1.85 billion.
- Approved 2026 Restructuring Actions with $80 million expected charges for workforce reductions.
- Crop Protection Operations Strategy Restructuring Program expects $750-$815 million in charges for site exits.
- Incurred $78 million in 2026 restructuring charges and $674 million inception-to-date for Crop Protection program.
Price Impact
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