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Agco (AGCO)
NYSE:AGCO
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.44Last Year’s EPS
0.41Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: materially improved cash generation, stronger margins at the trough, meaningful progress on precision ag (PTX) and aftermarket growth, and significant cost-savings execution are compelling positives. Offsetting these are pronounced industry softness (especially large ag in North America), a decline in adjusted EPS, tariff-driven margin pressure, and near-term profitability headwinds in North America and parts of South America. Management emphasizes disciplined production, continued structural transformation, and capital returns, but near-term industry and policy headwinds will mute performance until demand normalizes.Company Guidance
Strong quarterly and full-year operating margins
Adjusted operating margin of 10.1% in Q4 (up ~20 bps year-over-year) and full-year adjusted operating margin of 7.7%, described as among the best in company history.
Net sales and revenue performance
Q4 net sales of $2.9 billion (up ~1% year-over-year; ~+4% excluding the divested grain & protein business) and full-year sales of $10.1 billion.
Record free cash flow and strong cash conversion
Record free cash flow of $740 million in 2025 (up more than $440 million vs 2024) with targeted free cash flow conversion of 75–100% of adjusted net income.
Capital returns to shareholders
Executed $250 million accelerated share repurchase in Q4 as part of a $1 billion repurchase authorization and paid $87 million in regular dividends during 2025.
PTX and precision ag momentum
PTX launched 14 new products in 2025, grew to over 70 global PTX Elite dealers (more than doubled year-over-year), and PTX revenue finished ~ $860 million in 2025 with expectations to be flat to modestly up in 2026; retrofit channel outperformed the equipment market.
Aftermarket/parts resilience
Consolidated replacement parts sales of $440 million in Q4 (reported +5% YoY; -1% ex-currency); full-year parts revenue of $1.9 billion (reported +2%; flat ex-currency), supporting a high-margin growth lever.
Inventory and production discipline
Dealer inventory management progress: Europe at ~4 months (aligned to target); North America dealer inventory units down >9% during the quarter and >30% for the full year; company intentionally reduced production to better align with demand.
Cost savings and structural transformation
Realized $65 million of bottom-line savings in 2025, expect an incremental $40–60 million in 2026, with a run-rate savings of ~ $190 million and an ongoing program (Project Reimagine) targeting further overhead and productivity improvements.
Market share and customer satisfaction gains
Company reported its highest market share in history for 2025 and a record net promoter score, indicating improved customer perception and competitive positioning.
AGCO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AGCO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $121.43 | $124.08 | +2.19% |
Oct 31, 2025 | $105.61 | $102.66 | -2.79% |
Jul 31, 2025 | $105.85 | $117.10 | +10.62% |
May 01, 2025 | $83.97 | $92.45 | +10.10% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Agco (AGCO) report earnings?
Agco (AGCO) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Agco (AGCO) earnings time?
Agco (AGCO) earnings time is at May 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AGCO EPS forecast?
AGCO EPS forecast for the fiscal quarter 2026 (Q1) is 0.44.