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Get filing alertsBunge reports Q2 adjusted EPS of $2.00, completes $2B buyback, raises full-year guidance
Filed July 29, 2026 · Period ending July 29, 2026 · ~1 min read
Key Changes
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Q2 adjusted EPS of $2.00 vs. $1.31 prior year, driven by strong Soybean and Softseed Processing performance; GAAP EPS $3.47 vs. $2.61.
Exhibit 99.1 view on EDGAR → -
high
Raised full-year 2026 adjusted EPS guidance to $9.25–$9.75 from $9.00–$9.50, reflecting stronger first-half results in processing segments.
Exhibit 99.1 view on EDGAR → -
high
Completed $2B share repurchase program tied to Viterra transaction with ~$250M bought in Q2.
Exhibit 99.1 view on EDGAR → -
high
Soybean Processing adjusted EBIT rose to $445M from $304M prior year; volumes up to 11,524k metric tons from 9,304k, driven by Argentina capacity.
Exhibit 99.1 view on EDGAR → -
high
Softseed Processing adjusted EBIT surged to $255M from $14M prior year; volumes nearly doubled to 3,490k metric tons, reflecting Viterra capacity additions.
Exhibit 99.1 view on EDGAR →
Summary
Bunge delivered a strong second quarter, with adjusted earnings per share of $2.00, up 53% from $1.31 in the prior year. The outperformance was driven by both Soybean and Softseed Processing segments, which benefited from improved market conditions and the capacity additions from the Viterra combination.
Soybean processing volumes rose 24% year-over-year to 11.5 million metric tons, while Softseed volumes nearly doubled to 3.5 million metric tons, primarily reflecting expanded production in Argentina, Canada, and Europe. The company completed its $2 billion share repurchase program tied to the Viterra transaction, returning the final ~$250 million to shareholders during the quarter.
Management raised full-year 2026 adjusted EPS guidance to $9.25–$9.75 from $9.00–$9.50, citing the stronger-than-expected first-half performance in processing and refining. The increase reflects higher expectations for Soybean Processing and slightly higher expectations for Softseed Processing, partially offset by lower expectations for Grain Merchandising and Milling. For retail holders, the combination of beat-and-raise execution, completed capital return, and volume growth from the Viterra integration demonstrates the company is realizing the anticipated benefits of the acquisition while maintaining strong operational performance across its core processing businesses.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Segment EBIT $ 804 $ 460 $ 1,013 $ 731
Mark-to-market timing differences (359) (156) (191) (186)
Adjusted Segment EBIT $ 445 $ 304 $ 822 $ 545
The Soybean Processing and Refining segment reported second quarter adjusted EBIT of $445 million, up from $304 million in the prior year. Higher results were primarily driven by the North and South American value chains, with stronger processing performance in the US, improvements in Argentina processing and refining, and Brazil processing. Processing volumes increased significantly, with soybeans processed rising to 11,524 thousand metric tons from 9,304 thousand metric tons in the prior year, driven by greater production capacity in Argentina.
Added in current filing · view on EDGAR →
Segment EBIT $ 273 $ 19 $ 349 $ 101
Mark-to-market timing differences (18) (5) 101 (5)
Adjusted Segment EBIT $ 255 $ 14 $ 450 $ 96
The Softseed Processing and Refining segment reported second quarter adjusted EBIT of $255 million, a substantial increase from $14 million in the prior year. Results increased across all regions, reflecting a more favorable market environment and strong execution. Processing volumes nearly doubled to 3,490 thousand metric tons from 1,947 thousand metric tons, primarily reflecting increased production capacity in Argentina, Canada, and Europe following the Viterra combination.
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