Bunge Global SA is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: BG reported Q1 FY2026 revenue surging 87.8% YoY to $21.9B, but net income fell 66.2% to $68M as gross margins compressed sharply and operating cash flow deteriorated to -$541M.
Drawn from management commentary in the Q1 2026 10-Q:
Revenue jumped 87.8% to $21.86B in Q1 FY2026 from $11.64B in the prior-year period, suggesting a significant expansion in business volume, likely driven by higher commodity prices or increased trading activity. However, cost of revenue grew even faster at 91.0%, reaching $21.10B, which outpaced revenue growth and compressed margins.
Gross margin declined sharply from 5.1% to 3.5% YoY, with gross profit growing only 28.3% to $766M despite revenue nearly doubling. This indicates that the cost of goods sold is rising faster than selling prices, squeezing profitability at the top of the income statement.
Net income fell 66.2% to $68M from $201M in the prior-year quarter, and diluted EPS dropped 76.4% to $0.35 from $1.48. The combination of thin gross margins and a 39.7% increase in SG&A expenses ($531M vs. $380M) significantly eroded bottom-line profitability.
Revenue
$21.86B
++87.76% YoY
EPS (Basic)
$0.35
-76.67% YoY
Gross Margin
3.5%
-1.62% YoY
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