Ambev stock gained 3.10 percent as Q2 EPS rose 24.2 percent

Published on 10/05/2026 at 12:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ambev stock was last at USD 2.99 on October 2, 2026, while six analysts held a Reduce consensus. Q2 normalized EBITDA reached BRL 6.4 billion after 8.9 percent growth.

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Ambev S.A. stock (ISIN US02319V1035) was last at USD 2.99 on the NYSE on October 2, 2026, up 3.10 percent from the prior session. The main operating signal remains the second-quarter performance: ScanX reported on September 18, 2026, that normalized EPS rose 24.2 percent to BRL 0.22.

Profit growth outpaced revenue

Ambev's Q2FY26 normalized EBITDA increased 8.9 percent to BRL 6.4 billion, while net revenue grew 6 percent, according to ScanX. The difference between the two growth rates points to margin and operating efficiency as the central earnings driver in the quarter.

The same report said total volumes grew 1.4 percent year over year, with Brazil beer volumes up 5 percent. Premium beer volumes grew nearly 20 percent, while the BEES marketplace recorded 60 percent growth in gross merchandise value, giving the brewer a digital distribution lever alongside its core brands.

Analyst view stays cautious

MarketBeat reported on September 14, 2026, that six analysts assigned Ambev a consensus Reduce rating, with one Sell and five Hold ratings. The average 12-month price target was USD 3.0767, compared with the USD 3.02 opening price cited in that report.

Gekko listed three firms on September 29, 2026, with two Holds and one Sell, an average target of USD 3.34, a low target of USD 2.85 and a high target of USD 3.50. Against the October 2 price of USD 2.99, the average target lies 11.7 percent above the price.

Third-quarter date is set

Ambev's investor-relations calendar schedules the third-quarter 2026 results for October 29, 2026, before the opening of the B3 and the NYSE, with an English webcast at 11:30 a.m. New York time, according to Ambev. That release will test whether the Q2 combination of volume growth, premiumization and margin expansion carried into the next reporting period.

Ambev stock remains below its yearly high

Ambev stock was last at USD 2.99 on the NYSE on October 2, 2026, with 22,506,044 shares traded and a market capitalization of USD 46.2 billion. The price stood 13.3 percent below its 52-week high of USD 3.45 and above the 52-week low of USD 2.10.