Bunge Global (BG) Q3 2026 earnings summary

Executive summary

• Q3 adjusted diluted EPS rose to $2.56 from $2.27 YoY; adjusted segment EBIT increased to $997 million from $924 million, reflecting strong soybean and softseed results.

• Viterra integration is shifting toward value creation, with cost synergies advancing and commercial coordination and network flexibility improving.

• FY2026 adjusted EPS guidance remained $9.25–$9.75; growth projects are moving toward earnings contribution.

Financial highlights

• Q3 diluted EPS from continuing operations was $1.64 vs. $0.86 YoY; net income attributable to Bunge was $318 million vs. $166 million.

• Q3 adjusted total EBIT was $846 million vs. $757 million; 9M adjusted total EBIT was $2.072 billion vs. $1.412 billion.

• Reported Q3 results included an unfavorable $0.28/share mark-to-market timing difference and $0.64/share in notable items, including sugar-mill sale, Ukraine-Russia conflict and integration charges.

• 9M adjusted EPS was $6.38 vs. $5.56; diluted continuing-operations EPS was $5.45 vs. $4.62.

Outlook and guidance

• FY2026 adjusted EPS guidance remained $9.25–$9.75; soybean processing slightly lower, softseed unchanged, tropical oils lower, grain merchandising higher, and corporate and other unchanged versus prior outlook.

• FY2026 adjusted effective tax rate guidance narrowed to 23%–25% from 22%–26%; net interest expense is expected at $640–$670 million vs. $620–$660 million previously.

• FY2026 CapEx is expected toward the high end of $1.5–$1.7 billion; depreciation and amortization is expected at ~$975 million.

• Major projects and additional cost synergies are expected to contribute to 2027 earnings; the cost synergy target increased to $350 million, with 2026 savings expected to exceed $200 million.