Corteva Posts $11.28 Billion H1 Revenue, Lifts FY2026 Guidance
31 July 2026, Indianapolis: Corteva delivered a strong first half of 2026, reporting revenue growth across most regions and raising its full-year financial outlook as demand for advanced seed technologies and differentiated crop protection products continued to support performance. The company also confirmed it remains on track to complete its planned separation on October 1, 2026, creating two independent publicly traded businesses.
First-Half Revenue Climbs to $11.28 Billion
For the first six months ended June 30, 2026, Corteva reported net sales of $11.28 billion, a 4% increase compared with the same period in 2025. Organic sales rose 2%, supported by growth in nearly all geographic regions.
GAAP income from continuing operations reached $1.94 billion, while operating EBITDA increased 10% to $3.70 billion. Operating earnings per share (EPS) rose 14% to $3.80 on a non-GAAP basis.
During the second quarter, net sales were $6.38 billion, down 1% year-on-year, reflecting seasonal timing shifts in seed demand and pricing pressure in parts of the crop protection business. Despite this, operating EBITDA increased 4% to $2.26 billion, driven by productivity improvements and cost discipline.
| Corteva 1H & Q2 2026 Financial Highlights | Q2 2026 | 1H 2026 | YoY Change |
|---|---|---|---|
| Net Sales (Revenue) | $6.38 Billion | $11.28 Billion | -1% (Q2) / +4% (1H) |
| GAAP Income from Continuing Operations | $1.22 Billion | $1.94 Billion | -12% (Q2) / -5% (1H) |
| Operating EBITDA (Non-GAAP) | $2.26 Billion | $3.70 Billion | +4% (Q2) / +10% (1H) |
| Operating EPS (Non-GAAP) | $2.30 | $3.80 | +5% (Q2) / +14% (1H) |
| Full-Year 2026 Operating EBITDA Guidance | — | $4.1–4.3 Billion |
Seed Business Continues to Drive Growth
Corteva’s Seed segment remained the primary growth engine during the first half.
First-half seed sales increased 4% to $7.56 billion, supported by stronger pricing, higher royalty income, and continued adoption of the company’s latest germplasm and trait technologies. Demand remained particularly strong in North America and EMEA, while soybean acreage helped offset lower corn plantings in North America.
Segment operating EBITDA rose 11% to $3.0 billion, reflecting improved pricing, lower royalty expenses, and operational efficiencies.
Crop Protection Shows Resilience Despite Pricing Pressure
The Crop Protection business generated $3.73 billion in first-half revenue, up 3% from a year earlier.
Higher demand for recently launched products and favourable currency movements offset lower selling prices, particularly in Latin America where competitive market conditions continued to weigh on pricing. Operating EBITDA for the segment increased 9% to $776 million, supported by productivity initiatives and volume growth.
Outlook Raised for Full Year 2026
Reflecting its stronger-than-expected first-half performance, Corteva increased its full-year guidance.
The company now expects operating EBITDA of $4.1 billion to $4.3 billion, representing approximately 9% growth at the midpoint. Operating EPS is projected to range between $3.60 and $3.80, approximately 11% higher than the previous year at the midpoint.
Management said continued demand for advanced seed genetics, improving crop protection fundamentals, and ongoing productivity initiatives underpin the revised outlook despite uncertainties related to weather, currency movements, and global trade.
Separation Plans Remain on Schedule
Corteva reiterated that preparations for its planned corporate separation remain on schedule for October 1, 2026.
The company has already completed several milestones, including appointing boards for both future companies, filing its Form 10 registration, and advancing capital structure discussions with credit rating agencies.
Key milestones expected during the second half include approval of final capital structures, the effectiveness of the Form 10 registration, an investor day scheduled for September 15, 2026, and the launch of Vylor as an independent publicly traded company on October 1.
Commenting on the results, Chuck Magro, Chief Executive Officer of Corteva, said the company’s first-half performance was driven by demand for next-generation seed technologies, differentiated crop protection products, and disciplined execution. He added that the strong results provided confidence to raise full-year guidance while the company continues to prepare for a smooth and timely separation later this year.
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