The maintained full-year guidance range of $9.25-$9.75 implies Q4 adjusted EPS of roughly $2.87-$3.37, which would need to be the strongest quarter of the year. Watch for execution on Viterra synergies and the ramp of the Bunge Chevron Ag Renewables facility, as well as any further trade policy developments affecting grain flows.
Price Chart
Executive Summary
Bunge reported Q3 2026 adjusted EPS of $2.56, above the $2.44 consensus, and revenue of $23.8B versus the $23.35B estimate. The company maintained its full-year adjusted EPS outlook of $9.25-$9.75, while narrowing the tax rate range and raising net interest expense guidance slightly. Strong performance in Soybean and Softseed Processing was partly offset by weakness in Tropical Oils and Grain Merchandising.
Key Financial Metrics
Key Facts
- Q3 2026 GAAP diluted EPS from continuing operations of $1.64 vs $0.86 in the prior year
- Q3 2026 adjusted EPS from continuing operations of $2.56 vs $2.27 in the prior year
- Q3 2026 net sales of $23,804 million vs $22,155 million in the prior year
- Full-year 2026 adjusted EPS outlook maintained at $9.25-$9.75
- Adjusted annual effective tax rate range narrowed to 23%-25% from 22%-26%
- Net interest expense guidance raised to $640-$670 million from $620-$660 million
- Capital expenditures expected toward the higher end of the $1.5-$1.7 billion range
- Adjusted Segment EBIT of $997 million vs $924 million in the prior year quarter
- Soybean Processing and Refining Adjusted Segment EBIT of $565 million vs $478 million
- Softseed Processing and Refining Adjusted Segment EBIT of $329 million vs $275 million
- Tropical Oils and Specialty Ingredients Adjusted Segment EBIT of $16 million vs $51 million
- Grain Merchandising and Milling Adjusted Segment EBIT of $87 million vs $120 million
- Q3 2026 included $82 million of charges related to the announced sale of two sugarcane mills in Brazil
- Weighted-average diluted shares outstanding of 194 million vs 198 million in the prior year quarter
Financial Impact
Adjusted EPS of $2.56 beat the $2.44 consensus by 4.9%; revenue of $23.8B beat the $23.35B estimate by 1.9%. Full-year guidance was maintained, not raised.
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Soybean Processing and Refining | $11.4B | +5.4% |
| Softseed Processing and Refining | $4.3B | +17.5% |
| Tropical Oils and Specialty Ingredients | $1.3B | +7.3% |
| Grain Merchandising and Milling | $6.8B | +5.2% |
Risk Factors
- Geopolitical uncertainty and shifting trade flows continue to create an unpredictable operating environment
- Tropical Oils segment underperformance due to trade disruptions and plant transition costs
- Grain Merchandising segment EBIT declined year-over-year
- Higher net interest expense guidance and capital expenditure expectations
- Cash used in operations of $2.3B year-to-date driven by working capital needs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-068051 |
| Document: bg-20261029.htm | 0001628280-26-068051 |
| Document: 0001628280-26-068051-index-headers.html | 0001628280-26-068051 |
| Document: 0001628280-26-068051-index.html | 0001628280-26-068051 |
| Document: 0001628280-26-068051.txt | 0001628280-26-068051 |
| 8-K Data (Synthetic) | 0001628280-26-068051 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | $96.02 | awaiting T+20 | awaiting T+20 | $96.64 (+0.65%) |
Oct 5, 2026 27d ago | 8-K | $107.33 | awaiting T+20 | awaiting T+20 | $96.64 (−9.96%) |
Sep 3, 2026 8w ago | 8-K | $118.71 $107.32 | ▼ −9.59% | ▼ −10.20% | $96.64 (−18.59%) |
Aug 4, 2026 12w ago | Insider Buy | $105.95 $122.86 | ▲ +15.96% | ▲ +16.56% | $96.64 (−8.79%) |
Apr 10, 2026 29w ago | DEFA14A | $123.92 $123.75 | ▼ −0.14% | ▼ −8.66% | $96.64 (−22.01%) |
US Market Status
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