earnings
confidence high
sentiment neutral
materiality 0.70
AGCO Q2 adjusted EPS $1.43, net sales $2.6B; FY2026 EPS outlook $5.50-$5.75
AGCO CORP /DE
- Q2 reported EPS $1.08, adjusted EPS $1.43 (vs $1.35 YoY); net sales $2.6B, down 1.0% YoY.
- Full-year 2026 adjusted EPS guidance $5.50-$5.75; net sales expected $10.1-$10.2B; adj. operating margin ~7.5%.
- Regional sales: NA +19.7%, LATAM -17.9%, EME -2.4%, APA -1.0% (constant currency: NA +19.8%, LATAM -25.0%, EME -4.7%, APA -6.4%).
- Completed $345M share repurchases in Q2; sold 49% interest in AGCO Finance U.S./Canada JV for ~$190M on April 30.
- Industry retail tractor sales down 9% in NA, down 11% in Brazil, up 3% in Western Europe (first six months 2026 vs 2025).