Corteva reported second-quarter and first-half 2026 results showing 1H net sales of $11.28 billion and GAAP income from continuing operations of $1.94 billion, with GAAP EPS of $2.88 for the six months ended June 30, 2026. The company raised full-year 2026 guidance, now targeting Operating EBITDA of $4.1–$4.3 billion and Operating EPS of $3.60–$3.80 per share, and remains on track for a targeted October 1 separation of Vylor. Strong Seed pricing/mix and demand for next‑generation technologies, plus Crop Protection demand for new products and productivity actions, supported margin expansion in 1H.

Financial Highlights

  • 1H 2026 Net Sales: $11.28 billion (up 4% vs. 1H 2025)
  • GAAP income from continuing operations (1H 2026): $1.94 billion; GAAP EPS: $2.88
  • 2Q 2026 Net Sales: $6.38 billion; GAAP income from continuing operations (2Q): $1.22 billion; GAAP EPS (2Q): $1.81
  • 1H 2026 Operating EBITDA (non-GAAP): $3.70 billion; 2Q 2026 Operating EBITDA: $2.26 billion
  • Updated full-year 2026 outlook: Operating EBITDA $4.1–$4.3 billion; Operating EPS $3.60–$3.80 per share

Business Highlights

  • Seed segment: Continued demand for in‑demand germplasm and trait technologies drove price/mix gains; Seed 1H net sales $7.56 billion (up 4%) and 1H Seed Operating EBITDA $3.00 billion (up 11%).
  • Crop Protection segment: Demand for new products supported volume growth in 1H; Crop Protection 1H net sales ~$3.73 billion with Operating EBITDA $776 million (up 9% year-over-year), despite pricing pressure in Latin America.
  • Regional performance: Organic sales increased across most regions in 1H; notable strength in North America and EMEA for Seed, and Asia Pacific volume growth for Crop Protection.
  • Operational execution: Company cited productivity, cost discipline and network optimization actions (including planned restructuring charges of ~$140–$150 million pre-tax in 2026 related to Crop Protection network optimization).
  • Separation progress: On track for planned separation with key milestones (board appointments, Form 10 filing, investor events) and targeted Vylor spin-off date of October 1, 2026; $25 million run-rate headwind included in 2026 guidance related to separation timing.

Original SEC Filing:

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