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 performance in Soybean and Softseed Processing and Refining.

• 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 improved market conditions and successful integration of Viterra assets.

• The company advanced strategic initiatives, including major capital projects, Investor Day priorities, and renewable fuels partnerships, while achieving cost synergies ahead of plan.

• Completed $2 billion share repurchase program related to Viterra and authorized a new $3.0 billion buyback.

Financial highlights

• Q2 2026 net sales surged 88% year-over-year to $24.0 billion, with gross profit more than doubling to $1.68 billion; adjusted segment EBIT reached $796 million, more than double the prior year.

• Net income per diluted share was $3.47, up from $2.61; adjusted EPS was $2.00, up from $1.31.

• Interest expense increased to $197 million, reflecting higher debt from the Viterra acquisition.

• Cash and cash equivalents decreased to $593 million at June 30, 2026, mainly due to acquisition-related outflows.

• Trailing 12-month adjusted ROIC was 8.4%, exceeding cost of capital.

Outlook and guidance

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

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

• 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.

• Soybean and Softseed Processing and Refining segments forecasted higher results; Grain Merchandising and Milling expected lower.

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