Corteva Posts $4.9 Billion Net Sales as Seed and Crop Protection Businesses Expand in Q1 2026
06 May 2026, Indianapolis: Corteva has reported strong first-quarter financial results for 2026, driven by growth across its seed and crop protection businesses, continued demand for advanced agricultural technologies, and improved operational efficiencies. The company also reaffirmed that its planned separation and launch of its advanced seed and genetics business, branded as Vylor, remains on track for the fourth quarter of 2026.
Corteva posted first-quarter net sales of $4.90 billion, marking an 11 percent increase over the same period last year, while organic sales rose 7 percent. GAAP income from continuing operations reached $725 million, with earnings per share of $1.07. On a non-GAAP basis, operating EBITDA increased 21 percent to $1.44 billion, while operating EPS climbed 33 percent to $1.50 per share.
Regional Net Sales Performance
| Region | Q1 2026 | Q1 2025 | Reported Growth | Organic Growth |
|---|---|---|---|---|
| North America | $2.44 Billion | $2.21 Billion | +10% | +10% |
| EMEA | $1.66 Billion | $1.48 Billion | +12% | +4% |
| Latin America | $506 Million | $442 Million | +14% | +4% |
| Asia Pacific | $305 Million | $288 Million | +6% | +5% |
The company stated that performance was supported by strong demand for differentiated seed technologies, disciplined cost management, and continued adoption of new crop protection products across global markets.
“Corteva delivered a strong start to the year, delivering growth across both businesses and all regions,” said Chuck Magro, Chief Executive Officer of Corteva. He added that the company made significant progress on its planned separation, including leadership appointments, the filing of its initial Form 10 with the U.S. Securities and Exchange Commission, and the announcement of the Vylor brand name.
Seed Business Drives Growth
Corteva’s Seed business generated net sales of $3.02 billion during the quarter, up 12 percent year-on-year, with organic sales increasing 9 percent. The growth was led by favorable product mix, continued execution of the company’s value-based pricing strategy, and higher demand for premium seed technologies across all regions.
Seed Business Performance
| Segment | Q1 2026 | Q1 2025 | Reported Growth | Organic Growth |
|---|---|---|---|---|
| North America | $1.77 Billion | $1.60 Billion | +11% | +11% |
| EMEA | $928 Million | $826 Million | +12% | +5% |
| Latin America | $224 Million | $185 Million | +21% | +8% |
| Asia Pacific | $101 Million | $99 Million | +2% | +4% |
| Total Seed Net Sales | $3.02 Billion | $2.71 Billion | +12% | +9% |
| Seed Operating EBITDA | $1.03 Billion | $842 Million | +23% | — |
North America remained the largest contributor to Seed sales at $1.77 billion, followed by Europe, Middle East and Africa (EMEA) at $928 million. Latin America recorded 21 percent growth in Seed sales, while Asia Pacific also registered gains. Segment operating EBITDA for the Seed business rose 23 percent to $1.03 billion, supported by volume growth, pricing improvements, and productivity benefits.
Crop Protection Business Shows Recovery
Corteva’s Crop Protection segment reported first-quarter net sales of approximately $1.88 billion, an increase of 10 percent over the previous year. Organic sales rose 4 percent, supported by strong demand for new products and spinosyn-based solutions.
Crop Protection Business Performance
| Segment | Q1 2026 | Q1 2025 | Reported Growth | Organic Growth |
|---|---|---|---|---|
| North America | $669 Million | $613 Million | +9% | +8% |
| EMEA | $727 Million | $651 Million | +12% | +2% |
| Latin America | $282 Million | $257 Million | +10% | +1% |
| Asia Pacific | $204 Million | $189 Million | +8% | +6% |
| Total Crop Protection Net Sales | $1.88 Billion | $1.71 Billion | +10% | +4% |
| Crop Protection Operating EBITDA | $434 Million | $377 Million | +15% | — |
The company noted that volume growth across all regions helped offset pricing pressure in Latin America and Asia Pacific caused by competitive market conditions. Crop Protection operating EBITDA increased 15 percent to $434 million, while margins improved by approximately 100 basis points compared to the prior-year period.
Vylor Separation Progress Continues
Corteva confirmed that the separation process for Vylor, its future advanced seed and genetics company, is progressing according to schedule. The company expects the split to be completed in the second half of 2026.
Among the key developments announced were the appointment of executive leadership teams, filing of the initial Form 10, and plans for investor day events at the New York Stock Exchange on September 15, 2026. Corteva also stated that one-time separation costs are expected to be approximately $350 million, while estimated net dis-synergies of around $100 million are trending favorably.
In April 2026, Corteva’s Board approved a discretionary contribution of approximately $1.5 billion to the company’s principal U.S. pension plan, which is expected to be completed before July 31, 2026. The company said both future entities are expected to maintain strong balance sheets and investment-grade credit ratings after separation.
Full-Year 2026 Outlook Reaffirmed
Corteva reaffirmed its full-year 2026 guidance, projecting operating EBITDA between $4.0 billion and $4.2 billion and operating EPS in the range of $3.45 to $3.70 per share. The company also plans to repurchase approximately $500 million worth of shares during the first half of 2026.
2026 Guidance
| Guidance Metric | 2026 Outlook |
|---|---|
| Operating EBITDA | $4.0 Billion – $4.2 Billion |
| Operating EPS | $3.45 – $3.70 per share |
| Planned Share Repurchase | Approximately $500 Million in H1 2026 |
The company said global agricultural demand remains resilient, particularly for advanced genetics, technology-enabled seed products, and differentiated crop protection solutions. It also pointed to tightening global supply-demand dynamics and improving grain and oilseed markets as supportive factors for the sector during the remainder of the year.
Also Read: India Approves 12 New Crop Protection Products under Section 9(3) at 471st RC Meeting
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