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AB InBev Delivers Record Q1 2026 EPS on Strong Megabrand and Digital Growth

Story Highlights
  • AB InBev’s Q1 2026 revenue and volumes grew, powered by megabrands, premium and no-alcohol beers.
  • Digital platforms, Beyond Beer expansion and tight cost control boosted record Q1 EPS and financial strength.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AB InBev Delivers Record Q1 2026 EPS on Strong Megabrand and Digital Growth

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An announcement from Anheuser-Busch Inbev Sa ( (BUD) ) is now available.

On May 5, 2026, AB InBev reported solid first-quarter 2026 results, with revenue up 5.8%, total volumes rising 0.8% and beer volumes up 1.2%, supported by a 4.5% increase in revenue per hectoliter and gains or stable share in about 75% of its markets. Growth was driven by its megabrands, premium and no-alcohol beer, and a 37% surge in Beyond Beer revenue, while no-alcohol beer revenue rose 27%, reinforcing the company’s leadership in that segment.

Normalized EBITDA grew 5.3% with largely stable margins as the company balanced higher marketing investment with disciplined overhead control and foreign-exchange headwinds, lifting underlying profit to 1.923 billion USD and underlying EPS by 20.8% to a record first-quarter level of 0.97 USD. AB InBev’s digital ecosystem continued to scale, with BEES capturing 14.6 billion USD in GMV and its marketplace surpassing 1.1 billion USD, while progress on a 6 billion USD share buyback and a Moody’s upgrade to A2 highlighted strengthening financial flexibility and shareholder-return momentum.

The most recent analyst rating on (BUD) stock is a Buy with a $100.00 price target. To see the full list of analyst forecasts on Anheuser-Busch Inbev Sa stock, see the BUD Stock Forecast page.

Spark’s Take on BUD Stock

According to Spark, TipRanks’ AI Analyst, BUD is a Neutral.

The score is primarily supported by strong profitability and durable cash generation alongside improving leverage, reinforced by favorable 2026 EBITDA growth guidance and significant buybacks/dividend growth. Offsetting factors are the reported 2025 revenue decline and high absolute debt, while technicals show an extended rally (RSI/Stoch very overbought) and valuation/income metrics are only average-to-modest.

To see Spark’s full report on BUD stock, click here.

More about Anheuser-Busch Inbev Sa

Anheuser-Busch InBev SA/NV is a global brewing company headquartered in Belgium, producing a broad portfolio of beer, no-alcohol beer and “Beyond Beer” products. Its key megabrands include Corona, Stella Artois and Michelob Ultra, and it is increasingly focused on digital B2B and direct-to-consumer platforms, premiumization and no-alcohol offerings across major beer markets worldwide.

Average Trading Volume: 2,216,643

Technical Sentiment Signal: Strong Buy

Current Market Cap: $146.4B

See more data about BUD stock on TipRanks’ Stock Analysis page.

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