Bunge Global SA
Q1 2026 Earnings
Market Reaction
S&P 500 over the same 30 days: +6.60%.
Did BG Beat Earnings? Q1 2026 Results
Bunge Global SA delivered a quietly compelling first quarter for fiscal 2026, posting adjusted diluted EPS of $1.83, edging up from $1.81 a year ago and marking the company's fourth consecutive quarter beating consensus estimates, even as GAAP diluted EPS fell sharply to $0.35 from $1.48, dragged down by $336.00 million in unfavorable mark-to-market timing differences on commodity, freight, and foreign exchange contracts. Revenue reached $21.86 billion, reflecting the significantly enlarged footprint following the Viterra acquisition. The real story was in processing, where Soybean Processing and Refining drove adjusted segment EBIT to $377.00 million from $241.00 million, fueled by stronger volumes in Argentina and Brazil, while Softseed Processing and Refining more than doubled its contribution to $195.00 million. Management signaled growing confidence by raising its full-year 2026 adjusted EPS outlook to a range of $9.00 to $9.50, up from a prior range of $7.50 to $8.00, even as it acknowledged limited forward visibility amid geopolitical uncertainty and shifting global trade flows.
- Strong soybean processing performance in Argentina and Brazil driven by expanded production capacity from Viterra combination
- Higher softseed processing results across all regions, including increased capacity in Argentina, Canada, and Europe
- Strong execution in global oils merchandising activities
- Expanded soybean and softseeds origination footprint from Viterra combination
- Large global grain crops supporting higher grain merchandising volumes
- Tax benefits in South America contributing to income tax benefit of $14 million vs. $80 million expense in prior year
“The Bunge team delivered a strong first quarter, executing with the discipline and speed that define this organization, while navigating one of the more rapidly changing market environments in recent years. Amid geopolitical uncertainty and shifting trade flows, our global platform performed as designed, enabling us to capture opportunities, manage risks, and connect farmers to consumers with the products, services, and solutions they need as they face increasing complexity.”
Bunge Global CEO, on the earnings call
Forward Guidance & Outlook
Bunge raised its full-year 2026 adjusted EPS outlook to a range of $9.00 to $9.50, up from its previous range of $7.50 to $8.00. Compared to its prior outlook: Soybean Processing and Refining and Softseed Processing and Refining results are expected to be higher; Tropical Oils and Specialty Ingredients and Grain Merchandising and Milling results are expected to be lower; Corporate and Other results are expected to be in line. The company expects an adjusted annual effective tax rate of 22% to 26% (down from 23% to 27%), net interest expense of $620 to $660 million (up from $575 to $625 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.