Bunge Global (BG) Q2 2026 earnings summary

Executive summary

• Q2 2026 delivered strong results, with net income attributable to shareholders rising 92% year-over-year to $678 million, driven by the Viterra acquisition, higher segment EBIT, and robust processing and refining performance amid improving market conditions.

• Diluted EPS for Q2 2026 was $3.47, up from $2.61 in Q2 2025; adjusted EPS was $2.00, up from $1.31, reflecting strong execution and integration of Viterra assets.

• Integration of Viterra enhanced global balance, origination, and operational flexibility, with synergy capture running ahead of plan.

• Investor Day priorities and long-term value creation initiatives remain on track.

• Completed $2 billion share repurchase program related to the Viterra transaction.

Financial highlights

• Q2 2026 net sales reached $24.0 billion, up from $12.8 billion year-over-year; gross profit more than doubled to $1.68 billion.

• Q2 reported EPS was $3.47, up from $2.61; adjusted EPS was $2.00, up from $1.31.

• Adjusted segment EBIT reached $796 million, up from $373 million year-over-year; adjusted total EBIT for Q2 was $665 million, up from $293 million.

• Net interest expense rose to $197 million in Q2 2026, reflecting higher debt levels from acquisition financing.

• Cash provided by operating activities for Q2 2026 YTD was $1.29 billion; working capital stood at $9.48 billion.

Outlook and guidance

• Full-year 2026 adjusted EPS guidance raised to $9.25–$9.75 from $9.00–$9.50.

• Segment outlook: Soybean Processing and Refining higher, Softseed Processing and Refining slightly higher, Tropical Oils and Specialty Ingredients unchanged, Grain Merchandising and Milling lower.

• Adjusted annual effective tax rate expected at 22%–26%; net interest expense $620–$660 million; capital expenditures $1.5–$1.7 billion; depreciation and amortization ~$975 million.

• Management expects continued integration of Viterra to drive synergies and operational efficiencies.

• Ongoing global demand, biofuel mandates, and commodity price volatility are expected to influence future performance.