AGCO REPORTS THIRD-QUARTER RESULTS
Key Highlights
- ➤Net sales $2.3 billion, down 8.6% year-over-year
- ➤Adjusted EPS $1.05, down from $1.35 year-over-year
- ➤2026 adjusted EPS outlook approximately $5.50
- ➤EME constant-currency sales declined 18.1% year-over-year
- ➤Industry demand expected below historical mid-cycle levels through remainder of 2026
Expert Statements
Eric Hansotia, Chairman, President and CEO of AGCO
“AGCO delivered resilient third-quarter results in what is the weakest global industry demand environment in more than a decade. While elevated input costs and uncertainty around commodity markets and the trade environment pushed industry demand below the last cyclical trough, we aligned production with demand, managed dealer inventories and maintained cost discipline. We also advanced our Farmer-First strategy by strengthening the market position of our premium brands and expanding precision agriculture solutions that help farmers automate tasks, address labor constraints and get more from their equipment.”
Eric Hansotia, Chairman, President and CEO of AGCO
“Lower farm income and uncertainty across global agricultural markets continued to weigh on farmer sentiment, with conditions softening further in EME and Latin America. We remain focused on what we can control: helping farmers improve their economics while strengthening our cost structure. Our fuel-efficient tractors, AI-enabled targeted spraying systems and autonomous solutions are designed to lower operating costs and improve returns for farmers. These actions are helping us navigate current conditions and position AGCO for the recovery.”
Eric Hansotia, Chairman, President and CEO of AGCO
“The long-term fundamentals supporting global agriculture remain intact, driven by rising food demand and the need for greater on-farm productivity. Through PTx, farmers can add automation, autonomy and other advanced capabilities to existing equipment across virtually any brand, gaining the benefits of the latest technology without purchasing an entirely new machine. Together with our premium equipment brands, this differentiated strategy positions AGCO to create value through the cycle and capture growth as market conditions improve.”
* Net sales of $2.3 billion, down 8.6% year-over-year * Reported earnings per share of $0.75 and adjusted earnings per share((1)) of $1.05 * Full-year adjusted earnings per share outlook of approximately $5.50 DULUTH, Ga., Oct. 29, 2026 /PRNewswire/ -- AGCO (NYSE: AGCO) reported net sales of $2.3 billion for the third quarter ended September 30, 2026, a decrease of 8.6% compared to the third quarter of 2025. Reported net income was $0.75 per share for the quarter and adjusted net income((1)) was $1.05 per share. These results compare to reported net income of $4.09 per share and adjusted net income((1)) of $1.35 per share for the third quarter of 2025. Excluding favorable foreign currency translation of 0.1%, net sales in the quarter decreased 8.7% compared to the third quarter of 2025.
"AGCO delivered resilient third-quarter results in what is the weakest global industry demand environment in more than a decade," said Eric Hansotia, AGCO's Chairman, President and CEO. "While elevated input costs and uncertainty around commodity markets and the trade environment pushed industry demand below the last cyclical trough, we aligned production with demand, managed dealer inventories and maintained cost discipline. We also advanced our Farmer-First strategy by strengthening the market position of our premium brands and expanding precision agriculture solutions that help farmers automate tasks, address labor constraints and get more from their equipment."
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