Q2 2026 Corteva Inc Earnings Call Transcript

Jul 31, 2026 / 01:00 PM GMT

Transcript 8-K

Key Points

Positve

Strong first-half performance with net sales up 4%, operating EBITDA up 10%, and operating EPS up 14%.
Raised full-year 2026 guidance for operating EBITDA ($4.1B-$4.3B), margin (22.5%-23.5%), and EPS ($3.60-$3.80).
Seed business saw organic sales growth across all regions, driven by technology adoption and licensing income.
Crop protection new products achieved high single-digit volume growth, with pricing essentially flat for these products.
Productivity initiatives and cost discipline contributed over $160 million to EBITDA in the first half.
Separation on track for October 1, with synergies largely offsetting separation costs (only $25M headwind).
Strong innovation pipeline with seven new crop protection actives expected over the next decade.

Negative

Crop protection pricing remains under pressure, particularly in Latin America, with expectations of low to mid-single-digit declines in the second half.
Brazilian farmer credit conditions are tight, potentially impacting order timing and demand.
Second-half EBITDA expected to be flat year-over-year due to tariffs, dissynergies, and Middle East conflict impacts.
Third quarter expected to see an operating EBITDA loss, with earnings heavily weighted to Q4.
Full-year free cash flow impacted by one-time items (pension contribution, Bayer agreement, separation costs).
Competitive pressure in crop protection, especially for off-patent products, requires ongoing cost reductions to maintain margins.
Weather-related risks (e.g., El Nino) could reduce fungicide demand in certain regions.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CTVA.N - Corteva Inc
Q2 2026 Corteva Inc Earnings Call
Jul 31, 2026 / 01:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Hello, everyone.

Thank you for joining us and welcome to the Corteva AgriScience second quarter 2026 earnings conference call.

After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again.

I will now hand the conference over to Kim Booth, Head of Investor Relations. Kim, please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Good morning, and welcome to Corteva's second quarter and first half 2026 earnings conference call

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.