Company Expects FY26 Net Sales Flat to Low Single-Digit Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Should l Buy INGR?
FY26 consensus $11.33. This guidance reflects tariff levels in effect as of the end of April 2026. In addition, this guidance excludes any acquisition-related integration and restructuring costs, as well as any potential impairment costs. The company now expects full-year 2026 net sales to be flat to up low single-digits, reflecting volume growth, partially offset by lower price mix. The 2026 full-year outlook further assumes the following: Texture & Healthful Solutions operating income is now expected to be up low single-digits, driven by sales volume growth, partially offset by expected higher input cost inflation; Food & Industrial Ingredients-LATAM operating income is now expected to be down low single-digits reflecting the continued strength of the Mexican peso; Food & Industrial Ingredients-U.S./CAN operating income is now expected to be down low double-digits driven by Argo's operational headwinds in the first quarter; and All Other operating income is still anticipated to improve by $5 to $10 million from the prior year. Corporate costs for full-year 2026 are now expected to be flat.
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Analyst Views on INGR
Wall Street analysts forecast INGR stock price to rise
4 Analyst Rating
1 Buy
3 Hold
0 Sell
Hold
Current: 107.360
Low
119.00
Averages
125.50
High
136.00
Current: 107.360
Low
119.00
Averages
125.50
High
136.00
About INGR
Ingredion Incorporated is a global ingredient solutions provider serving customers in nearly 120 countries. The Company turns grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. Its segments include Texture & Healthful Solutions (T&HS), Food & Industrial Ingredients - Latin America (F&II - LATAM) and Food & Industrial Ingredients - U.S./Canada (F&II - U.S./Canada). Its product lines include starches and sweeteners, animal feed products and edible corn oil. Its starch-based products include both food-grade and industrial starches, as well as biomaterials and non-GMO (genetically modified organism) products. Its sweetener products include glucose syrups, high maltose syrups, high fructose corn syrup, caramel color, dextrose, polyols, maltodextrins, glucose and syrup solids, high-intensity sweeteners, and various non-GMO products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Guidance Adjustment: Ingredion adjusted its full-year EPS guidance to a range of $9.60 to $10.30, with adjusted EPS guidance set at $10.45 to $11.15, falling short of the $11.33 consensus, reflecting a cautious outlook on future performance.
- Stock Reaction: Following the earnings report, Ingredion's shares fell by 4%, indicating market concerns regarding the company's performance and future prospects, which may lead investors to reassess their investment strategies.
See More
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- Revenue Decline Expected: The anticipated revenue for Q1 is $1.79 billion, down 1.1% year-over-year, indicating challenges the company faces in the current economic environment, potentially affecting its future market performance.
- Historical Performance Review: Over the past two years, Ingredion has only beaten EPS estimates 75% of the time and has never exceeded revenue estimates, highlighting ongoing pressures on the company's profitability and revenue growth.
- Management Change: Jason Payant was appointed interim CFO effective April 1, a change that may influence the company's financial strategy and investor confidence during a critical period of transformation and growth.
See More
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- Sales Growth Expectations: By 2030, Sensient's color group sales are projected to increase by over 200% due to the growing adoption of natural food colorings, significantly enhancing the company's market share and profitability, particularly in North America.
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- Product Growth: Sales of GLP-1 medications have provided a significant tailwind to Cardinal's Pharmaceutical and Specialty Solutions business, contributing 6 percentage points to revenue growth in the most recent quarter, further solidifying its market position.
- Board Changes: The sudden retirement of Chairman Gregory Kenny, replaced by current director Patricia Hemingway Hall, may unsettle investors; however, the company clarified that this decision was not related to operational disagreements and maintains confidence in its future financial outlook.
See More
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- Background: Payantas has been with Ingredion since 2012, holding various key positions, most recently as Vice President of Finance for Global Texture & Healthful Solutions since November 2025, demonstrating his extensive experience and capability within the company.
- Financial Outlook: Ingredion anticipates earnings per share in the range of $11 to $11.80 for 2026, indicating confidence in its growth initiatives related to clean label and protein fortification, reflecting a positive outlook on future market demand.
- Strategic Transformation: This executive change aligns with the company's ongoing transformation strategy aimed at enhancing its competitiveness in high-yield and defensive investment sectors, further driving long-term growth.
See More
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- Blue-Collar Employment Revival: Oppenheimer analysts suggest that while AI may rapidly displace white-collar jobs, it could simultaneously drive demand for blue-collar roles, particularly in manufacturing, with employment projected to remain below pre-pandemic levels by 2026.
- Investment Theme Analysis: Oppenheimer outlined five investable themes, including the physical-to-digital connection, emphasizing the value of sensors and data pipelines, with companies in this space expected to benefit from automation trends, including Aeva Technologies and Tesla.
- Automation Tools Opportunity: The analysts identified automation tools that can reskill transitioning workforces, recommending companies like Caterpillar and Rockwell Automation, which enhance worksite experiences through task automation and AI agents.
- Autonomous Systems Development: Oppenheimer also highlighted companies supporting autonomous physical systems, such as Mobileye Global and Aurora Innovation, noting that as fully autonomous solutions are commercialized, human roles will still be essential for remote monitoring and maintenance to ensure safety and problem resolution.
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