FMC Corporation shares collapsed Thursday after management slashed its third-quarter revenue forecast by over 90%, citing significant price reductions for select products in key markets.
FMC Corporation (NYSE: FMC) experienced a sharp decline in its share price on Thursday, October 15, 2026, as investors reacted to a dramatic downward revision in the company's financial guidance. The stock fell approximately 32.4% by 11:40 a.m. ET, dropping from a recent level of $5.52 to $2.57. This significant sell-off followed the release of updated third-quarter projections that indicated a substantial contraction in expected sales and profitability.
Analysts polled by Yahoo! Finance had previously projected that the agricultural chemicals giant would report $866.7 million in sales and $0.10 per share in profit for the quarter. However, FMC management revised these figures drastically lower, forecasting revenue to fall within a range of $65 million to $125 million. The company also projected adjusted EBITDA to be negative, ranging from -$510 million to -$565 million. While specific GAAP earnings figures were not detailed in the immediate release, the magnitude of the EBITDA loss suggests a severe impact on the bottom line.
The primary driver for the revised guidance was identified as $625 million to $675 million in "commercial actions to lower the price of select products held by channel customers in key markets." These strategic price reductions were implemented to address market conditions and inventory levels among channel partners. The move, while intended to stabilize market positioning, resulted in a projected revenue decline of more than 90% compared to initial analyst expectations.
The stock's reaction highlights the sensitivity of FMC's valuation to its agricultural chemicals segment performance. Investors are now focused on how these commercial actions will impact long-term market share and whether the company can restore margin stability in subsequent quarters. The sharp drop brings FMC's stock price to some of its lowest levels in recent history, reflecting deep uncertainty regarding the company's near-term financial trajectory.