SENS-AI
ANH Half Year Results Bullish

ANHEUSER-BUSCH INBEV SA/NV - AB InBev Reports Second Quarter and Half Year 2026 Results - Short Form Announcement

Anheuser-Busch InBev SA/NV
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What this filing means

Organic revenue grew 5.6% in Q2 with EBITDA up 5.8% and underlying EPS up 23.4% ($1.21), but the constant-currency EPS growth of 12.9% is the more honest figure.

Bull case

  • Underlying EPS rose 23.4% to $1.21 in 2Q26 and 22.1% to $2.18 in HY26, signalling strong bottom-line momentum
  • Net debt to normalized EBITDA fell to 2.86x from 3.27x a year earlier, evidencing material deleveraging

Bear case

  • Reported revenue grew 11.0% in Q2 vs 5.6% organic — a forex reversal would mechanically compress reported numbers.
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Category
Half Year Results
Event posture
No Edge
Published
Jul 30, 2026

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