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# ADM Stock Plunges 7%, Wiping Out $2.6 Billion, Even As Company Lifts Its Profit Forecast
- URL: https://www.bullished.co/adm-stock-plunges-7-wiping-out-2-6-billion-even-as-company-lifts-its-profit-forecast-5ba6fbcd/
- Published: 2026-11-03T19:48:14.000Z
- Updated: 2026-11-03T19:48:14.000Z
- Description: The processor raised its 2026 outlook, yet its shares fell 7.19% in Tuesday trading as its CEO said the lab-grown protein bet will take years.
- Author: Matteo Parrino
- Tags: Markets, ADM, Industry: Consumer Staples

[Archer-Daniels-Midland](https://www.bullished.co/tag/adm/), which buys crops from farmers and processes them into food, feed and fuel ingredients, saw its shares fall 7.19% to $70.32 in Tuesday trading, as of 2:47 p.m. ET, erasing about $2.6 billion in market value. Investors sold despite a [higher 2026 profit outlook](https://www.sec.gov/Archives/edgar/data/0000007084/000000708426000054/adm-20261103.htm?ref=bullished.co): the new range of $5.50 to $5.80 a share replaces $5.15 to $5.60.

## Crushing profit rebounds

The third quarter was strong. Crushing profit, the margin from turning oilseeds such as soybeans into oils and meal, reached $311 million, against $13 million a year earlier, and earnings came to $1.70 a share, up from $0.22.

Companywide segment profit rose 64%, from $845 million to $1,382 million.

ADM's selloff was on pace to be its biggest one-day drop in at least 275 trading sessions, since Sept. 30, 2025.

## A protein bet that takes years

On the earnings call, CEO Luciano said profit from ADM's lab-grown protein bet would be meaningful only in years five to 10.

ADM runs three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition, which makes ingredients such as plant-based proteins, flavors and probiotics.

## Up 32% this year before the drop

As of Monday's close, ADM shares were up about 32% year to date, ahead of the S&P 500's gain of about 10%. The stock sat 21% below its 52-week high of $88.75, and its market value stood at $33.9 billion.

In the prior quarter, ADM posted [revenue of $22.7 billion](https://www.sec.gov/Archives/edgar/data/7084/000000708426000042/adm-20260630.htm?ref=bullished.co), up 7.2%, and net income of $908 million.

The guidance raise and the 64% jump in segment profit were not enough to hold the stock on Tuesday.

### Sources

- [The company's filing (Archer-Daniels-Midland)](https://www.sec.gov/Archives/edgar/data/0000007084/000000708426000054/adm-20261103.htm?ref=bullished.co) — SEC filing
- [Archer Daniels Midland (ADM) Q3 Earnings Top Estimates](https://www.zacks.com/stock/news/3021394/archer-daniels-midland-adm-q3-earnings-top-estimates?cid=CS-ZC-FT-fundamental%5Fanalysis|yseop%5Ftemplate%5F4-3021394&ref=bullished.co) — Zacks Investment Research
- [Archer Daniels Q3 Earnings Coming Up: Here's What Lies Ahead](https://www.zacks.com/stock/news/3020968/archer-daniels-q3-earnings-coming-up-here-s-what-lies-ahead?cid=CS-ZC-FT-analyst%5Fblog|earnings%5Fpreview-3020968&ref=bullished.co) — Zacks Investment Research
- [Archer-Daniels-Midland — Form 10-Q for the quarter ended 2026-06-30 (quarterly results)](https://www.sec.gov/Archives/edgar/data/7084/000000708426000042/adm-20260630.htm?ref=bullished.co) — SEC EDGAR

### More on Archer-Daniels-Midland

- [ADM CEO Says Precision Fermentation Is 'A Cost' Today, Meaningful In Years Five To 10](https://www.bullished.co/adm-ceo-says-precision-fermentation-is-a-cost-today-meaningful-in-years-five-to-10-cffaa773/)
- [ADM Raises 2026 Profit Outlook To $5.50-$5.80 A Share As Crushing Profit Jumps To $311 Million](https://www.bullished.co/adm-raises-2026-profit-outlook-to-5-50-5-80-a-share-as-crushing-profit-jumps-to-311-d591fc79/)

[All Archer-Daniels-Midland (ADM) coverage →](https://www.bullished.co/tag/adm/)