Titan Machinery Q3 revenue $644.5M, EPS $0.05; inventory reduction target raised to $150M

Titan Machinery Inc.

2026-Q3 EPS reported -$0.79 revenue$1,785,273,000

Q3 revenue $644.5M (down 5.2% YoY); diluted EPS $0.05 vs $0.07; net income $1.2M.
Cumulative inventory reduction $98M YTD; target increased to $150M for FY2026 from $100M+ previously.
Adjusted diluted loss per share guidance held at ($1.50)-($2.00); includes ($0.35)-($0.45) non-cash tax valuation allowance in Q4.
Agriculture segment same-store sales down 12.3%; pre-tax income $6.1M (incl. $3.7M manufacturer incentive accrual). Construction pre-tax loss $1.7M.
Europe revenue up 77.8% (ex-FX) from EU stimulus in Romania; Australia revenue down 39.1% on sprayer delivery normalization.

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