Bunge Global Beats Q2 Estimates, Raises FY26 EPS Guidance

Bunge Global (BG) topped Wall Street's second-quarter 2026 estimates on July 29, reporting revenue of $24.04 billion against a FactSet consensus of $22.81 billion and adjusted EPS of $2.00 versus the $1.97 estimate. Net income reached $678 million. Management raised FY26 adjusted EPS guidance to $9.25-$9.75, up from $9.00-$9.50 set after Q1.

The beat reflects Bunge's merger with Viterra, which roughly doubled scale and reshaped reporting into four segments: Soybean Processing and Refining, Softseed Processing and Refining, Tropical Oils and Specialty Ingredients, and Grain Merchandising and Milling. Soybean segment net sales climbed to $12.07 billion from $7.75 billion a year earlier, as added crushing capacity and strong crush margins drove profitability.

Viterra synergies are running ahead of schedule: about $190 million expected captured in 2026, and an annualized run rate near $220 million by year end, up from about $70 million in 2025. Biofuel policy demand for soybean oil, including Petrobras's first sustainable aviation fuel batch sourced from Bunge, also supported oil and meal margins.

Despite the beat and guidance raise, shares fell about 6% in early trading, from near $117 to roughly $110, after a run that had lifted the stock over 30% YTD, as investors weighed whether elevated crush margins can hold as oilseed supply normalizes.

Related Stocks

• FDS