Bunge Q2 2026: adjusted EPS $2.00 in line, revenue $24.04B, outlook raised
Bunge's quarter was solid where it counts: adjusted earnings of $2.00 a share landed right on the roughly $2.01 consensus, and management raised the full-year adjusted EPS range to $9.25–$9.75. Revenue of $24.04 billion is nearly double last year's $12.77 billion, but that reflects the enlarged Viterra footprint rather than a pricing windfall. The weak spot is cash: the first half consumed $1,126 million of operating cash as inventory built up.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $3.47 versus $2.61 a year ago, but $1.67 of that came from mark-to-market timing differences the company strips out, so the underlying figure is much lower. Adjusted EPS was $2.00 against the roughly $2.01 consensus, essentially in line, and up from $1.31 last year. The gain came from processing: adjusted segment EBIT in Soybean Processing and Refining rose to $445 million from $304 million, and in Softseed to $255 million from $14 million.
Revenue was $24.04 billion, up from $12.77 billion a year earlier, with cost of goods sold of $22.36 billion leaving $1.68 billion of gross profit, a 7.0% margin. The increase is mostly scale from the Viterra combination: soybeans processed rose to 11,524 thousand metric tons from 9,304, softseeds to 3,490 from 1,947, and grain merchandising volumes nearly tripled. This is a bigger company, not a richer one per dollar of sales.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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