Corteva (CTVA) Q3 FY2026 earnings: revenue $2.5 billion, down 6.1% on the year

Corteva, Inc. (CTVA) reported revenue of $2.5 billion for Q3 FY2026, the quarter ended 30 September 2026, down 6.1% on the same quarter a year earlier. Net income was -$570 million, and diluted earnings per share $-0.85. The figures are the company's own, from the 10-Q it filed with the SEC on 12 November 2026.

Revenue

$2.5 billion

-6.1% on the year · -61.5% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

n/a

Q4 FY2024Q3 FY2026

Net income

-$570 million

Q4 FY2024Q3 FY2026

Diluted EPS

-$0.85

Q4 FY2024Q3 FY2026

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

What management said

Guidance figures: 3 lowered.

Third-quarter sales fell 9%: Third-quarter net sales were $1,591 million, down 9% from $1,742 million, with organic sales also down 9%.
Adjusted EBITDA fell 17% in quarter: Adjusted Pro Forma Operating EBITDA was $222 million, down 17% from $268 million. Operating EPS was $0.06, down 57%, and the EBITDA margin fell about 140 basis points.
Latin America sales fell 28%: Latin America net sales were $570 million, down 28% from $791 million. Organic sales fell 31%, which management attributed to challenging market dynamics in Brazil.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	2,458	6,379	2,618	-61.5%	-6.1%
Cost of revenue	1,534	2,718	1,644	-43.6%	-6.7%
Gross profit	924	3,661	974	-74.8%	-5.1%
Gross margin	37.6%	57.4%	37.2%
Research and development	397	388	351	+2.3%	+13.1%
Selling, general and administrative	732	1,164	725	-37.1%	+1.0%
Pre-tax income	-589	1,625	-370
Income tax	-62.0	408	-62.0
Effective tax rate	n/a	25.1%	n/a
Net income	-570	1,161	-320
Net margin	-23.2%	18.2%	-12.2%
Diluted EPS	-$0.85	$1.73	-$0.47

$ 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	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	-591	-466	193
Capital expenditure	151	122	157	+23.8%	-3.8%
Free cash flow	-742	-588	36.0
Free cash flow margin	-30.2%	-9.2%	1.4%
Cash from investing	-143	-170	-157
Cash from financing	2,459	1,141	367	+115.5%	+570.0%
Depreciation and amortisation	306	339	300	-9.7%	+2.0%
Buybacks	0.0	250	250
Dividends paid	120	120	122	0.0%	-1.6%
Dividend per share	$0.18	$0.18	$0.18	0.0%	0.0%
Diluted shares, weighted	668m	670m	679m	-0.3%	-1.6%
Shares outstanding at period end	667m	667m	676m	+0.0%	-1.2%

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	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	24,493	25,159	25,219	-2.6%	-2.9%
Non-controlling interest	244	244	242	0.0%	+0.8%
Debt	3,458	4,875	4,373	-29.1%	-20.9%
Finance lease liabilities	n/a	n/a	0.0
Other liabilities	14,836	11,364	12,364	+30.6%	+20.0%
Total liabilities and equity	43,031	41,642	42,198	+3.3%	+2.0%
Fixed assets	4,183	4,178	4,202	+0.1%	-0.5%
Goodwill	10,416	10,437	10,512	-0.2%	-0.9%
Intangible assets	7,845	8,006	8,428	-2.0%	-6.9%
Investments	1.0	0.0	77.0		-98.7%
Cash and equivalents	3,932	2,365	2,509	+66.3%	+56.7%
Receivables	4,797	5,834	5,050	-17.8%	-5.0%
Inventory	5,482	4,443	5,310	+23.4%	+3.2%
Other assets	6,375	6,379	6,110	-0.1%	+4.3%
Total assets	43,031	41,642	42,198	+3.3%	+2.0%

Questions

What was Corteva's revenue in Q3 FY2026?

Corteva (CTVA) reported revenue of $2.5 billion for Q3 FY2026, the quarter ended 30 September 2026, down 6.1% on the same quarter a year earlier.

How much did Corteva earn in Q3 FY2026?

Net loss for Q3 FY2026 was $570 million, and the diluted loss per share $0.85.

When did Corteva report Q3 FY2026 results?

Corteva filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 12 November 2026.

Quarterly results, the last 20 quarters

	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	Q3 FY2026
Revenue	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	2,458
Cost of revenue	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	1,534
Gross profit	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	924
Gross margin	36%	41%	47%	32%	34%	43%	48%	36%	36%	43%	52%	33%	37%	47%	55%	37%	42%	52%	57%	38%
R&D	316	268	296	312	340	316	329	335	357	332	357	348	365	335	375	351	413	341	388	397
SG&A	806	735	1,017	657	764	726	1,045	670	735	736	1,054	671	735	751	1,156	725	860	877	1,164	732
Pre-tax income	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	-589
Tax rate	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%	n/a
Net income	159	564	969	-331	-55.0	595	714	-321	-253	419	1,053	-524	-41.0	652	1,314	-320	-552	720	1,161	-570
Net margin	5%	12%	15%	-12%	-1%	12%	12%	-12%	-7%	9%	17%	-23%	-1%	15%	20%	-12%	-14%	15%	18%	-23%
Diluted EPS	$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	-$0.85
Operating cash flow	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	-591
Capital expenditure	160	179	139	142	145	151	99.0	162	183	148	114	154	181	94.0	118	157	222	81.0	122	151
Free cash flow	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	-742
Buybacks	200	235	365	200	200	252	80.0	253	171	252	252	253	252	270	250	250	301	250	250	0.0
Dividends paid	-692	102	101	108	-729	107	106	114	112	112	111	117	118	116	116	122	121	121	120	120
Shares outstanding	727m	725m	719m	716m	713m	711m	710m	705m	701m	698m	694m	689m	686m	683m	680m	676m	672m	669m	667m	667m
Filing	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	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 September 2026, filed 12 November 2026: the filing.