Bunge Global SA
Q2 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +5.47%.
Did BG Beat Earnings? Q2 2026 Results
Bunge Global SA delivered a strong second-quarter 2026 performance, posting adjusted diluted EPS of $2.00 against a consensus estimate of $1.95, a beat of 2.83% that extended the company's streak of topping EPS estimates to five consecutive quarters. Revenue climbed to $24.04 billion, ahead of the $22.35 billion consensus by 7.56% and up 88.3% from the year-ago period, a dramatic expansion driven primarily by the completed Viterra acquisition, which roughly doubled the company's scale and contributed meaningfully to net income nearly doubling to $678.00 million. The quarter's standout driver was Softseed Processing and Refining, where adjusted segment EBIT surged to $255.00 million from just $14.00 million a year ago, reflecting favorable market conditions and expanded capacity across Argentina, Canada, and Europe. Soybean Processing and Refining also contributed, with adjusted segment EBIT rising to $445.00 million from $304.00 million. Analysts tracking the stock have noted a consensus price target of $109.00 with a broadly bullish trend. Looking ahead, management raised its full-year 2026 adjusted EPS guidance to a range of $9.25 to $9.75, up from $9.00 to $9.50, citing the strong quarterly performance and current margin environment.
- Strong performances in Soybean and Softseed Processing and Refining segments
- Expanded global platform from completed Viterra acquisition capturing opportunities amid shifting trade flows
- Greater production capacity in Argentina driving higher soybean and softseed processing volumes
- Stronger processing performance in North America US soybean operations
- Improved processing results in Argentina and Brazil for soybeans
- More favorable market environment for softseed processing across all regions
- Higher ocean freight, commercial services, cotton and wheat milling results in Grain Merchandising
- Expanded origination footprint driving higher merchandised volumes in both soybeans and softseeds
“Our team delivered another strong quarter, navigating a complex global environment with agility, focus and disciplined execution. Against a backdrop of geopolitical uncertainty and shifting trade flows, our expanded global platform did exactly what it was designed to do — capture opportunities and deliver for customers at both ends of the value chain.”
Bunge Global CEO, on the earnings call
Forward Guidance & Outlook
Bunge raised its full-year 2026 adjusted EPS outlook to a range of $9.25 to $9.75, up from the previous range of $9.00 to $9.50. Compared to the previous outlook: Soybean Processing and Refining results expected higher; Softseed Processing and Refining slightly higher; Tropical Oils and Specialty Ingredients unchanged; Grain Merchandising and Milling lower; Corporate and Other unchanged. The company continues to expect an adjusted annual effective tax rate of 22% to 26%, net interest expense of $620 to $660 million, capital expenditures of $1.5 to $1.7 billion, and depreciation and amortization of approximately $975 million.
BG YoY Financials
BG Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.