Corteva Stock Falls After Q3 Sales Drop 9% on Weak Brazil
Corteva's third-quarter sales fell 9% to $1.59 billion as Latin America sales dropped 28%, and the company updated its 2026 outlook for a weaker Brazil.
Corteva (CTVA) said on Wednesday, November 11, 2026, that its third-quarter net sales fell 9% to $1.59 billion, hurt by a sharp drop in Latin America, and it updated its full-year outlook to reflect weaker conditions in Brazil. The shares fell 7.08% in after-hours trading as of 6:03 p.m. ET, according to Stock Titan.
This is Corteva's first quarterly report since it spun off its seed business on October 1, 2026, according to a company filing with the SEC. The figures below are on the company's adjusted pro forma basis.
Third-quarter numbers
Measure | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
Net sales | $1,591 million | $1,742 million | −9% |
Operating EBITDA | $222 million | $268 million | −17% |
North America sales | $574 million | $537 million | +7% |
EMEA sales | $239 million | $213 million | +12% |
Latin America sales | $570 million | $791 million | −28% |
Asia Pacific sales | $208 million | $201 million | +3% |
Source: Corteva press release, November 11, 2026.
Operating earnings per share were $0.06. Analysts had expected $0.10 a share and revenue of $1.77 billion, according to Investing.com. On a pro forma GAAP basis, Corteva reported a loss of $0.08 a share. Our guide on how to read an earnings report explains the difference between GAAP and adjusted figures.
Why Brazil hurt
Sales grew in North America, EMEA and Asia Pacific. Latin America was the problem. Corteva said crop protection markets, mainly in Brazil, were weaker than it had expected, citing tight farmer finances, high borrowing costs, buyers ordering only as needed, and more pressure on prices.
"Brazil was materially weaker than anticipated," CEO Luke Kissam said in the release.
Updated 2026 outlook
Corteva now expects:
- Adjusted pro forma operating EBITDA of $1.1 billion to $1.125 billion
- Adjusted pro forma operating EPS of $0.76 to $0.80
The midpoint of the EPS range, $0.78, is above the $0.60 analysts expected, Investing.com reported. The company holds its earnings call on Thursday, November 12, at 10:30 a.m. ET.
Quarterly report filed late
Corteva also told the SEC on November 10 that it needs more time to file its full quarterly report (Form 10-Q). The company said it needs to finish processes tied to the spin-off and plans to file no later than the fifth calendar day after the due date.
What it means for investors
Corteva's results show how much one region can move a global company: a 28% drop in Latin America outweighed gains everywhere else. Investors who own Corteva directly or through a broad index ETF should expect its results to keep tracking Brazil's farm economy. Our stock quote guide explains how to read share-price moves.
This article is for information only and is not investment advice.
Sources
- Corteva press release: Corteva Reports Third-Quarter 2026 Results; Updates FY 2026 Outlook (November 11, 2026)
- SEC: Corteva and EIDP Form 12b-25 (NT 10-Q) for the quarter ended September 30, 2026
- Investing.com: Corteva shares fall 6% on worse-than-expected Q3 results (November 11, 2026)
- Stock Titan: Stock Market Today Live, November 11, 2026
This article is for information only and is not investment advice. Do your own research before buying or selling any asset.