ADM and Bunge report strong Q2 growth and raise full-year guidance, citing favorable biofuel tailwinds and potential upside from shifting global grain trade flows ahead of high-level diplomatic talks.
ADM raised full-year EPS guidance to $5.15-$5.60 on biofuel clarity and strong Ag Services, with a 129% jump in operating profit, but faces Wilmar equity headwinds.
Bunge's revenue soared 88% to $24B and it raised EPS guidance to $9.25-$9.75, with Viterra integration and SAF deals providing upside optionality.
Archer-Daniels-Midland and Bunge Global reported strong Q2 2026 results, with both firms raising full-year EPS guidance on the back of biofuel policy clarity and robust grain export volumes. ADM posted a 129% jump in Ag Services operating profit, while Bunge saw revenue surge 88% to $24 billion following the integration of Viterra. Both companies are now positioned to benefit from potential agricultural trade concessions in upcoming U.S.-China summit talks.
Both companies cited increased clarity on renewable volume obligations and 45Z biofuel tax benefits, alongside strong performance in their core agricultural services and oilseed processing segments.
The Viterra acquisition has significantly expanded Bunge's global origination footprint and processing capacity, allowing the company to raise its cost-synergy targets to $350 million and improve its competitive positioning in key global markets.