Bunge Global SA reported first‑quarter 2026 results that surpassed analyst expectations, with net income of $68 million and diluted earnings per share of $0.35. Adjusted earnings per share rose to $1.83, up from $1.81 a year earlier, reflecting stronger operating performance across the company’s processing and merchandising businesses.
Revenue reached $21.86 billion, an 87.8% year‑over‑year increase driven by higher processing volumes in Argentina and Brazil and stronger origination in North America. The surge was supported by a 56% rise in soybean processing and refining adjusted EBIT to $377 million from $241 million, and a more than doubling of softseed processing and refining adjusted EBIT to $195 million from $82 million.
Net income fell from $201 million in Q1 2025 to $68 million in Q1 2026, while GAAP diluted EPS declined from $1.48 to $0.35. The decline reflects higher operating costs and a 0.8% operating margin versus 1.9% a year earlier, largely due to increased ocean freight costs that weighed on grain merchandising profitability.
Management raised its full‑year 2026 adjusted EPS guidance to $9.00–$9.50, up from the previous $7.50–$8.00 range. The upgrade signals confidence in robust oilseed processing margins, a favorable product mix, and the continued capture of synergies from the Viterra acquisition. The company’s debt‑to‑equity ratio remains at 0.91, and it maintains an A‑credit rating, underscoring a manageable leverage profile.
"The Bunge team delivered a strong first quarter, executing with the discipline and speed that define this organization, while navigating one of the more rapidly changing market environments in recent years." – Greg Heckman, CEO
"We now expect full year 2026 adjusted EPS in the range of $9 to $9.50, which is up from $7.50 to $8." – John Neppl, Executive VP & CFO
"Viterra cost synergies are running ahead of plan, and we've identified significant network and commercial opportunities." – Greg Heckman, CEO
"Our reported first quarter earnings per share was $0.35 and Adjusted EPS was $1.83." – John Neppl, Executive VP & CFO
"Soybean and Softseed Processing and Refining segment results are forecasted to be higher versus the prior outlook, while Tropical Oils and Specialty Ingredients and Grain Merchandising segment results are expected to be lower." – John Neppl, Executive VP & CFO
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