Global agribusiness company Bunge Global (NYSE: BG) missed Wall Street’s revenue expectations in Q1 CY2026, but sales rose 87.8% year on year to $21.86 billion. Its non-GAAP profit of $1.83 per share was significantly above analysts’ consensus estimates.
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Bunge Global (BG) Q1 CY2026 Highlights:
- Revenue: $21.86 billion vs analyst estimates of $22.56 billion (87.8% year-on-year growth, 3.1% miss)
- Adjusted EPS: $1.83 vs analyst estimates of $0.87 (significant beat)
- Management raised its full-year Adjusted EPS guidance to $9.25 at the midpoint, a 19.4% increase
- Operating Margin: 0.8%, down from 1.9% in the same quarter last year
- Free Cash Flow was -$877 million compared to -$595 million in the same quarter last year
- Market Capitalization: $24.49 billion
Greg Heckman, Bunge’s Chief Executive Officer said, "The Bunge team delivered a strong first quarter, executing with the discipline and speed that define this organization, while navigating one of the more rapidly changing market environments in recent years. Amid geopolitical uncertainty and shifting trade flows, our global platform performed as designed, enabling us to capture opportunities, manage risks, and connect farmers to consumers with the products, services, and solutions they need as they face increasing complexity.
Company Overview
With origins dating back to 1818 and operations spanning both hemispheres to balance seasonal harvests, Bunge Global (NYSE: BG) is an agribusiness and food company that processes oilseeds, grains, and other agricultural commodities into vegetable oils, protein meals, flours, and specialty ingredients.
Revenue Growth
A company’s long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul.
With $80.55 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 pick and choose where it sells its products (a luxury many don’t have). However, its scale is a double-edged sword because there are only so many big store chains to sell into, making it harder to find incremental growth. To accelerate sales, Bunge Global likely needs to optimize its pricing or lean into new products and international expansion.
As you can see below, Bunge Global’s 6.5% annualized revenue growth over the last three years was mediocre. This shows it couldn’t generate demand in any major way and is a tough starting point for our analysis.
This quarter, Bunge Global achieved a magnificent 87.8% year-on-year revenue growth rate, but its $21.86 billion of revenue fell short of Wall Street’s lofty estimates.
Looking ahead, sell-side analysts expect revenue to grow 15.3% over the next 12 months, an acceleration versus the last three years. This projection is particularly noteworthy for a company of its scale and indicates its newer products will fuel better top-line performance.
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Cash Is King
Free cash flow isn't a prominently featured metric in company financials and earnings releases, but we think it's telling because it accounts for all operating and capital expenses, making it tough to manipulate. Cash is king.
Bunge Global’s demanding reinvestments have consumed many resources over the last two years, contributing to an average free cash flow margin of negative 1.5%. This means it lit $1.51 of cash on fire for every $100 in revenue.
Bunge Global burned through $877 million of cash in Q1, equivalent to a negative 4% margin. The company’s cash burn increased from $595 million of lost cash in the same quarter last year.
Key Takeaways from Bunge Global’s Q1 Results
It was good to see Bunge Global beat analysts’ EPS expectations this quarter. We were also glad its full-year EPS guidance exceeded Wall Street’s estimates. On the other hand, its operating income missed. Overall, this was a mixed quarter. The stock remained flat at $126.49 immediately following the results.
So should you invest in Bunge Global right now? What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here (it’s free).
