PomegraFMC Stock Plunges 35% After Q3 Guidance Cut
Why did FMC stock plunge 35%?
FMC Corp. (FMC) stock fell as much as 35% on Thursday, to a more than 20-year low, after it slashed third-quarter guidance on weak demand, bloated channel inventory and price cuts.
Key numbers
| Q3 revenue guidance | $65M–$125Mvs $840M–$900M prior |
|---|---|
| Q3 adjusted EBITDA guidance | -$565M to -$510Mvs +$120M–$140M prior |
| Charges from commercial actions | $625M–$675Mprice cuts in Brazil, Argentina, U.S., Canada |
| FMC share price (intraday) | $5.62-30.5% on the day |
| Analyst Q3 revenue consensus (FactSet) | $868Mvs new $65M–$125M guide (per [5]) |
What happened
FMC Corp. (FMC) stock fell as much as 35% on Thursday, to a more than 20-year low, after it slashed third-quarter guidance on weak demand, bloated channel inventory and price cuts. It now expects third-quarter sales of $65 million to $125 million, versus $840 million to $900 million forecast in July. Its adjusted EBITDA (a measure of operating profit) is now seen as a loss of $510 million to $565 million, not a profit of $120 million to $140 million. About $625 million to $675 million of that hit comes from cutting prices on products already held by distributors.
Why it matters
FMC sells crop protection chemicals, the products farmers spray to protect harvests, so a loss of this size points to real stress in the industry. Cheaper copycat versions (generics) are pushing market prices down, so FMC is cutting prices on products its distributors already bought. FMC also plans to change its U.S. selling model, which relied on high list prices and big rebates.
Who this affects
- MarketbearishMedium impact
- Farm chemical investors face a sharp, painful repricing of FMC.
- CompanybearishHigh impact
- FMC shareholders lose about a third of value; sales collapse.
- CompetitorsbearishLow impact
- Rival Corteva slipped over 4% on fears of similar pressure.
- IndustrybearishMedium impact
- Cheap generics and weak demand squeeze crop chemical makers' prices.
FMC vs Corteva
How we got here
FMC guides Q3 revenue (ex-India) of $840M–$900M and adjusted EBITDA of $120M–$140M.
FMC expects to be in compliance with its debt covenants as of this date.
FMC cuts Q3 outlook; shares fall as much as 35%, to an over two-decade low.
FMC due to report full third-quarter results.
What to watch
- Full Q3 results and details on how much channel inventory remains unsold2026-10-29
- FMC's first preliminary 2027 and 2028 expectations on the earnings call2026-10-30
- Whether price cuts in Brazil, Argentina, the U.S. and Canada clear distributor stockpilesQ4 2026
Educational content only. Not investment advice.
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