Agco (AGCO)
NYSE:AGCO
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.45Last Year’s EPS
1.35Same Quarter Last Year
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: meaningful operational and margin progress (revenue growth, doubled adjusted EPS, strong Europe performance, record market share, cost-savings acceleration and increased shareholder returns) but also material near-term headwinds (notably tariff impacts, large Latin America sales decline, North American margin pressure, elevated dealer inventories and higher cash usage). Management emphasizes resilience, disciplined cost and inventory management and long-term margin targets, while acknowledging uncertainty tied to trade policy, input costs and regional demand. Overall, positives and negatives are roughly balanced.Company Guidance
Revenue Growth and Scale
Reported net sales of approximately $2.3 billion in Q1 2026, up ~14% year-over-year (company also noted ~5% organic net sales growth excluding favorable currency translation).
Strong Operating and Adjusted Margin Improvement
Operating income increased more than 60% year-over-year to $80.7 million; reported operating margin expanded ~100 basis points to 3.4%. Adjusted operating margin improved ~50 basis points to 4.6%.
Earnings and Profitability Leverage
Adjusted operating income increased nearly 30% and adjusted EPS more than doubled year-over-year to $0.94 in Q1, demonstrating operating leverage from lower cycle levels and a lower adjusted tax rate in the quarter.
Regional Outperformance — Europe and APAC
Europe/Middle East net sales grew ~9% on a constant currency basis, with income from operations up by over $104 million and operating margins exceeding the mid-teens (~16%). Asia Pacific & Africa net sales rose >20% excluding currency and operating income increased by about $7 million.
Market Share, Customer Satisfaction and Technology Wins
Company reported record-high global market share and highest Q1 Net Promoter Score in company history; multiple technology and product awards (Davidson Prize nomination, Digital Engineering Award, AGCO Power named Diesel Engine of the Year) and new AI-enabled product introductions (Symphony Vision Dual, AROTube).
Cost Savings and Efficiency Improvement
Operational efficiency initiatives increased to expected benefits of ~$60–$70 million in 2026 (up from $40–$60M); run-rate savings noted above $200 million, with a mix of pulled-forward and incremental savings contributing to near-term results.
Disciplined Capital Allocation and Shareholder Returns
Proceeds of ~$190 million from sale of AGCO Finance JV interest; company initiated additional $350 million repurchase (in addition to prior $300M) under a $1B authorization and raised quarterly dividend to $0.30 per share (annualized $1.20).
Cash Conversion and Free Cash Flow Targets
While Q1 used cash seasonally, company reiterated full-year free cash flow conversion target of ~75%–100% of adjusted net income and reiterated disciplined capital deployment (CapEx guidance ~$350 million).
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 |
|---|---|---|---|
May 05, 2026 | $121.28 | $114.55 | -5.55% |
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% |
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 Jul 30, 2026, Before Open (Confirmed).
What is Agco (AGCO) earnings time?
Agco (AGCO) earnings time is at Jul 30, 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 (Q2) is 1.45.