Ambev SA

ABEV3: BVMF (BRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Ambev Earnings: Shares Surge as Results Signal Beer Volumes Recovering; Maintain Valuation

Verushka Shetty

May 5, 2026

Ambev’s first-quarter 2026 results included year-over-year organic revenue growth of 8.1% and normalized EBITDA growth of 10.1%. Net revenue per hectoliter was up 8.0%, with all segments reporting growth except Canada. Shares rose around 16% in early trading on May 5.

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Ambev SA

Ambev Earnings: Shares Surge as Results Signal Beer Volumes Recovering; Maintain Valuation

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