Bunge Posts Adjusted Earnings of $2.56 a Share, Beating Third-Quarter Estimates
Key Facts
Bunge reported adjusted earnings of $2.56 a share in the third quarter of 2026, topping analysts’ average estimate of $2.42, according to Investing.com. The company posted revenue of $23.8 billion, above estimates of $23.2 billion. Revenue rose 7.4% from the same period a year earlier, when it was $22.2 billion. On a U.S. GAAP continuing-operations basis, the company posted earnings of $1.64 a share, compared with $0.86 in the third quarter of 2025. The figures show a beat on estimates and year-over-year improvement in revenue and GAAP earnings, while performance varied across the company’s segments.
Soybean processing and refining was the leading source of operating improvement, with adjusted operating profit of $565 million, compared with $478 million a year earlier. Adjusted operating profit in softseed processing and refining also rose to $329 million from $275 million in the year-earlier period. Investing.com’s coverage attributed the strength to the two segments without specifying crush margins. This means the estimates beat came amid improved results in two major businesses, rather than indicating uniform growth across all company operations. The two segments also supported second-quarter results, Bunge said at the time, with strong execution amid improving market conditions.
By contrast, adjusted operating profit in tropical oils and specialty ingredients fell to $16 million from $51 million a year earlier. The coverage linked the decline to geopolitical trade disruptions and plant transition costs. The contrast with the soybean and softseed segments highlights the uneven sources of performance across the group during the quarter. CEO Greg Heckman said the company’s global platform helped it capture opportunities and manage risk amid geopolitical uncertainty, shifting trade flows and government policy changes. He added: "In a complex environment marked by geopolitical uncertainty, changing trade flows and evolving government policies, our global platform has enabled us to capture opportunities and manage risk effectively."
Despite beating earnings and revenue estimates, Bunge did not raise its adjusted earnings outlook for fiscal 2026, keeping the range at $9.25 to $9.75 a share. The company had raised that range in July from $9.00 to $9.50 a share, according to its second-quarter results. In the third quarter, it therefore maintained the guidance it had previously raised instead of making a new adjustment after the results. Adjusted earnings were $2.00 a share in the second quarter, compared with $1.31 in the second quarter of 2025. That places the third-quarter results in the context of year-over-year improvement already seen in the prior quarter, while the annual outlook remained unchanged this time.
On expenses, the company raised its forecast for 2026 net interest expense to a range of 640–670 million dollars, from the previous range of 620–660 million dollars. The revision means the annual outlook combined an unchanged adjusted earnings range with a higher estimate for interest costs. After the results were announced, the company’s shares fell about 0.6%, despite beating analysts’ estimates, according to Investing.com. The coverage linked the reaction to the company keeping its annual outlook amid a challenging operating environment. In EL7 data, Bunge shares closed at $100.8 on October 28, 2026.
The company’s conference call to discuss third-quarter results was scheduled for October 29, 2026. The call follows the results announcement and the maintenance of the annual earnings range, while the interest expense estimate remains above its previous range. After second-quarter results, management’s messages focused on the expanded global platform’s role in serving customers on both ends of the value chain and capturing opportunities despite volatile trade flows. Heckman said at the time that the platform helped the company "capture opportunities and serve customers at both ends of the value chain." This reflects the company’s continued focus on the role of its global network in navigating a changing trade environment, alongside the clear divergence in its segment results in the third quarter.