Q2 2026 AGCO Corp Earnings Call Transcript

Jul 30, 2026 / 02:00 PM GMT

Release Date Price: MXN2307.51

Transcript 10-Q8-K

Key Points

Positve

AGCO Corp (AGCO) gained market share in key regions, particularly in North America with high horsepower tractors and hay tools.
Adjusted earnings per share increased by $0.08 year-over-year to $1.43, demonstrating resilience in a challenging environment.
Dealer inventory levels improved across all major regions, with Europe and Latin America nearing target ranges.
Precision agriculture and aftermarket parts sales remained stable, providing a recurring revenue stream and supporting margins.
AGCO Corp (AGCO) continued to execute share repurchases, returning $345 million to shareholders in the quarter.

Negative

Net sales in Latin America declined 25% year-over-year on a constant currency basis due to challenging industry demand.
Adjusted operating margin decreased 170 basis points to 6.6%, driven by lower sales volumes, higher input costs, and tariffs.
Full-year 2026 outlook was lowered, with net sales expected between $10.1 billion and $10.2 billion and adjusted EPS of $5.50 to $5.75.
Industry demand in Western Europe and Brazil softened more than expected, leading to downward revisions in regional forecasts.
Gross tariff-related costs are expected to be approximately $115 million in 2026, creating a $50 million year-over-year headwind.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AGCO.N - AGCO Corp
Q2 2026 AGCO Corp Earnings Call
Jul 30, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the AGCO 2026 Quarter 2 Earnings Call.

All participants will be in listen-only mode.

Should you need assistance, please signal a conference specialist by pressing the star key followed by zero.

After today's presentation, there will be an opportunity to ask questions.

In consideration of time, please limit yourself to one question and one follow-up.

To ask a question, you may press star then 1 on your touch-tone phone.

To withdraw your question, please press star then 2.

Please note this event is being recorded.

I would now like to turn the conference over to Greg Peterson, AGCO Head of Investor Relations. Please go ahead.

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