Corteva (CTVA) Q2 FY2026 earnings: revenue $6.4 billion, down 1.2% on the year

Corteva, Inc. (CTVA) reported revenue of $6.4 billion for Q2 FY2026, the quarter ended 30 June 2026, down 1.2% on the same quarter a year earlier. Net income was $1.2 billion, down 11.6% on the year, and diluted earnings per share $1.73. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2026.

Revenue

$6.4 billion

-1.2% on the year · +30.1% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

n/a

Q3 FY2024Q2 FY2026

Net income

$1.2 billion

-11.6% on the year · +61.3% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$1.73

-9.9% on the year · +61.7% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 1 lowered.

Quarterly sales slipped one percent: Net sales were $6.38 billion, down 1% from the prior year. Organic sales fell 2% and volume fell 3%, while price/mix rose 1%, reflecting higher Seed pricing partly offset by Crop Protection competitive pricing.
Operating EBITDA rose on margin gain: Operating EBITDA was $2.26 billion, up 4%, and the Operating EBITDA margin improved by more than 190 basis points. Operating EPS was $2.30, up 5% from the prior year.
Seed sales flat in quarter: Seed net sales were $4.53 billion, flat year on year. Price/mix rose 3% and volume fell 3%. Segment operating EBITDA was $1.97 billion, up 6%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	6,379	4,905	6,456	+30.1%	-1.2%
Cost of revenue	2,718	2,372	2,932	+14.6%	-7.3%
Gross profit	3,661	2,533	3,524	+44.5%	+3.9%
Gross margin	57.4%	51.6%	54.6%
Research and development	388	341	375	+13.8%	+3.5%
Selling, general and administrative	1,164	877	1,156	+32.7%	+0.7%
Pre-tax income	1,625	858	1,804	+89.4%	-9.9%
Income tax	408	133	422	+206.8%	-3.3%
Effective tax rate	25.1%	15.5%	23.4%
Net income	1,161	720	1,314	+61.3%	-11.6%
Net margin	18.2%	14.7%	20.4%
Diluted EPS	$1.73	$1.07	$1.92	+61.7%	-9.9%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	-466	-2,891	947
Capital expenditure	122	81.0	118	+50.6%	+3.4%
Free cash flow	-588	-2,972	829
Free cash flow margin	-9.2%	-60.6%	12.8%
Cash from investing	-170	-77.0	-164
Cash from financing	1,141	389	-808	+193.3%
Depreciation and amortisation	339	297	301	+14.1%	+12.6%
Buybacks	250	250	250	0.0%	0.0%
Dividends paid	120	121	116	-0.8%	+3.4%
Dividend per share	$0.18	$0.18	$0.17	0.0%	+5.9%
Diluted shares, weighted	670m	674m	683m	-0.6%	-1.9%
Shares outstanding at period end	667m	669m	680m	-0.2%	-1.9%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	25,159	24,362	25,909	+3.3%	-2.9%
Non-controlling interest	244	243	242	+0.4%	+0.8%
Debt	4,875	3,356	3,629	+45.3%	+34.3%
Finance lease liabilities	n/a	n/a	0.0
Other liabilities	11,364	14,756	11,979	-23.0%	-5.1%
Total liabilities and equity	41,642	42,717	41,759	-2.5%	-0.3%
Fixed assets	4,178	4,183	4,153	-0.1%	+0.6%
Goodwill	10,437	10,409	10,518	+0.3%	-0.8%
Intangible assets	8,006	8,147	8,583	-1.7%	-6.7%
Investments	0.0	2.0	76.0
Cash and equivalents	2,365	1,964	2,065	+20.4%	+14.5%
Receivables	5,834	7,262	5,961	-19.7%	-2.1%
Inventory	4,443	5,202	4,316	-14.6%	+2.9%
Other assets	6,379	5,548	6,087	+15.0%	+4.8%
Total assets	41,642	42,717	41,759	-2.5%	-0.3%

Questions

What was Corteva's revenue in Q2 FY2026?

Corteva (CTVA) reported revenue of $6.4 billion for Q2 FY2026, the quarter ended 30 June 2026, down 1.2% on the same quarter a year earlier.

How much did Corteva earn in Q2 FY2026?

Net income for Q2 FY2026 was $1.2 billion, down 11.6% on the year, and diluted earnings per share $1.73.

When did Corteva report Q2 FY2026 results?

Corteva filed its 10-Q for the quarter ended 30 June 2026 with the SEC on 31 July 2026.

Quarterly results, the last 20 quarters

	Q3 FY2021	Q4 FY2021 *	Q1 FY2022	Q2 FY2022	Q3 FY2022	Q4 FY2022 *	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	2,371	3,479	4,601	6,252	2,777	3,825	4,884	6,045	2,590	3,707	4,492	6,112	2,326	3,978	4,417	6,456	2,618	3,910	4,905	6,379
Cost of revenue	1,558	2,232	2,724	3,323	1,879	2,510	2,771	3,137	1,646	2,366	2,550	2,918	1,565	2,496	2,342	2,932	1,644	2,254	2,372	2,718
Gross profit	813	1,247	1,877	2,929	898	1,315	2,113	2,908	944	1,341	1,942	3,194	761	1,482	2,075	3,524	974	1,656	2,533	3,661
Gross margin	34%	36%	41%	47%	32%	34%	43%	48%	36%	36%	43%	52%	33%	37%	47%	55%	37%	42%	52%	57%
R&D	297	316	268	296	312	340	316	329	335	357	332	357	348	365	335	375	351	413	341	388
SG&A	672	806	735	1,017	657	764	726	1,045	670	735	736	1,054	671	735	751	1,156	725	860	877	1,164
Pre-tax income	8.0	245	698	1,327	-396	-203	776	-1,084	-444	1,845	482	1,338	-633	88.0	784	1,804	-370	-530	858	1,625
Tax rate	-350%	37%	17%	24%	n/a	n/a	22%	n/a	n/a	-5%	22%	21%	n/a	157%	15%	23%	n/a	n/a	16%	25%
Net income	30.0	159	564	969	-331	-55.0	595	714	-321	-253	419	1,053	-524	-41.0	652	1,314	-320	-552	720	1,161
Net margin	1%	5%	12%	15%	-12%	-1%	12%	12%	-12%	-7%	9%	17%	-23%	-1%	15%	20%	-12%	-14%	15%	18%
Diluted EPS	$0.04	$0.22	$0.78	$1.33	-$0.46	-$0.08	$0.83	$1.00	-$0.45	-$0.36	$0.60	$1.51	-$0.76	-$0.06	$0.95	$1.92	-$0.47	-$0.82	$1.07	$1.73
Operating cash flow	-176	3,546	-2,730	1,109	-525	3,018	-3,311	812	-105	4,373	-2,609	451	130	4,173	-2,109	947	193	4,375	-2,891	-466
Capital expenditure	144	160	179	139	142	145	151	99.0	162	183	148	114	154	181	94.0	118	157	222	81.0	122
Free cash flow	-320	3,386	-2,909	970	-667	2,873	-3,462	713	-267	4,190	-2,757	337	-24.0	3,992	-2,203	829	36.0	4,153	-2,972	-588
Buybacks	200	200	235	365	200	200	252	80.0	253	171	252	252	253	252	270	250	250	301	250	250
Dividends paid	103	-692	102	101	108	-729	107	106	114	112	112	111	117	118	116	116	122	121	121	120
Shares outstanding	730m	727m	725m	719m	716m	713m	711m	710m	705m	701m	698m	694m	689m	686m	683m	680m	676m	672m	669m	667m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2026, filed 31 July 2026: the filing.