Global agribusiness company Bunge Global (NYSE: BG) beat Wall Street’s revenue expectations in Q3 2026, with revenue up 7.4% year on year to $23.8 billion. Its non-GAAP profit of $2.56 per share was 5.6% above analysts’ consensus estimates.
For more on Bunge Global, read our full research report, it’s free.
Bunge Global (BG) Q3 2026 highlights:
- Revenue $23.8 billion vs S&P analysts’ consensus estimates of $22.55 billion (7.4% year-on-year growth, 5.6% beat)
- Adjusted EPS $2.56 vs S&P analysts’ consensus estimates of $2.43 (5.6% beat)
- Adjusted EPS guidance Management reiterated its full-year adjusted EPS guidance of $9.50 at the midpoint
- Operating margin 2.8%, up from 1.7% in the same quarter last year
- Free cash flow -$1.56 billion, down from $385 million in the same quarter last year
- Market capitalization $19.37 billion
"Looking ahead, we remain confident about the opportunities in front of us and our team’s ability to successfully address the challenges ahead. The long-term demand drivers for our business remain strong. Our global footprint and diversified value chains position us to continue delivering value for our stakeholders, farmers and customers, across the food, feed and fuel industries in any environment."
Revenue growth
A company’s long-term performance is an indicator of its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul.
With $93.47 billion in revenue over the past 12 months, Bunge Global is one of the most widely recognized consumer staples companies. Its influence over consumers gives it negotiating leverage with distributors, enabling it to choose where it sells its products, an advantage many companies lack.
Bunge Global’s 15.1% annualized revenue growth over the last three years was solid, indicating high demand.
This quarter, Bunge Global reported year-on-year revenue growth of 7.4%, and its $23.8 billion of revenue exceeded Wall Street’s consensus estimates by 5.6%.
Looking ahead, sell-side analysts expect revenue to decline by 1.8% over the next 12 months, according to S&P, a deceleration versus the last three years. This projection is underwhelming and implies its products will face some demand challenges.
Free cash flow
Earnings are valuable for assessing company performance, but cash flow matters because accounting profits cannot pay the bills.
Bunge Global’s reinvestment needs have consumed substantial resources over the last two years, contributing to an average free cash flow margin of negative 2.5%. This means it had a cash outflow of $2.46 for every $100 in revenue.
Bunge Global recorded a cash outflow of $1.56 billion in Q3, equivalent to a negative 6.6% margin. The company’s cash flow turned negative after being positive in the same quarter last year. This warrants extra attention because consumer staples companies typically produce more consistent and defensive performance.
Key takeaways from Bunge Global’s Q3 results
Bunge Global’s Q3 results had some key positives, with revenue and EPS topping analysts’ consensus estimates. The gross margin miss tempered those gains. Shares remained flat at $101.71 immediately after the report.
Bunge Global had a positive quarter, but one earnings result doesn’t necessarily make the stock a buy. That decision calls for a broader look at valuation, business quality and the latest earnings. For more on Bunge Global, read the full research report here (it’s free).
