EarningsQ2 2026 Earnings Report
MX:BGN Q2 2026 EPS Results
Actual EPS$34.44
Consensus EPS$33.85
Beat/MissBeat by +$0.59
One Year Ago EPS$22.56
MX:BGN Q2 2026 Revenue Results
Actual Revenue$413.94B
Expected Revenue$392.85B
Beat/MissBeat by +$21.09B
YoY Revenue Growth+88.26%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
MX:BGN Upcoming Earnings
Bunge Global's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BGN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operational and financial momentum: materially higher adjusted EBIT (+~113%), large increases in adjusted EPS (+~53%), improved guidance (FY26 adjusted EPS raised to $9.25–$9.75), successful completion of the Viterra-related share repurchase, positive synergy progress and healthy liquidity and returns that exceed cost of capital. Offsetting risks include net debt exceeding readily marketable inventory by $1.0 billion, higher interest expense, weaker grain merchandising/sugar results, and significant macro/geopolitical/weather uncertainty that could weigh on future performance. On balance, the positive operational execution, raised guidance, and return metrics outweigh the lowlights and transitory timing effects.Company Guidance
Strong EPS and Adjusted EPS Improvement
Reported Q2 EPS of $3.47 vs $2.61 a year ago (+33.0%). Adjusted EPS of $2.00 vs $1.31 a year ago (+52.7%). Reported result included a favorable mark-to-market timing difference of $1.67 per share and an unfavorable Viterra transaction/integration cost of $0.20 per share.
Material Increase in Adjusted Segment EBIT
Adjusted segment EBIT of $796 million in Q2 vs $373 million in prior-year quarter, an increase of approximately 113.3%, driven by stronger performance in Soybean Processing & Refining and Softseed Processing & Refining across multiple geographies.
Raised 2026 Adjusted EPS Guidance
Full-year 2026 adjusted EPS range raised to $9.25–$9.75 from prior $9.00–$9.50, reflecting improved market conditions and early synergy capture from the Viterra combination.
Cash Generation, Capital Allocation and Share Repurchase Completion
Year-to-date adjusted funds from operations of approximately $1.3 billion; discretionary cash flow available after sustaining CapEx of ~ $1.1 billion. Paid $275 million in dividends, invested $541 million in growth CapEx, completed $2.0 billion Viterra-related share repurchase commitment (repurchased ~ $250 million in the quarter). Net use of cash of $117 million YTD.
Synergy Progress and Operational Execution
Viterra cost synergies running ahead of plan; cost synergy target was raised previously from $250 million to $350 million. Multiple in-flight projects progressing: Destrehan barge unloader and multi-seed processing plant coming online in coming months, Morristown SPC now producing, Avondale online soon, Westhaven (Netherlands) expected end Q1 2027.
Strong Liquidity and Credit Position
Committed credit facilities ~ $9.7 billion with ~$8.8 billion unused; ~$2.4 billion available on $3.0 billion commercial paper program. Management noted borrowing at the tightest credit spreads in company history.
Return Metrics Above Cost of Capital
Trailing 12-month adjusted ROIC of 8.4% (adjusted to 9.3% excluding construction in progress/excess cash) and ROIC of 6.8% (7.2% adjusted), both described as exceeding their respective cost of capital. Trailing 12-month discretionary cash flow ~ $1.7 billion and cash return on equity of 10.8% vs cost of equity of 7.2%.
MX:BGN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed