AGCO Q2 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

AGCO delivered a stronger-than-expected second quarter despite a deeply challenging farm equipment market, posting adjusted EPS of $1.35 against a consensus estimate of $1.08, a beat of roughly 25.49%, while revenue of $2.63 billion topped the $2.50 … Read more AGCO delivered a stronger-than-expected second quarter despite a deeply challenging farm equipment market, posting adjusted EPS of $1.35 against a consensus estimate of $1.08, a beat of roughly 25.49%, while revenue of $2.63 billion topped the $2.50 billion estimate by 5.45%. The headline numbers came against a difficult backdrop, however, as net sales fell 18.8% year-over-year, weighed down by weak farm economics, delayed purchasing decisions, and the absence of $290.50 million in revenue from the divested Grain & Protein business. North America was the sharpest drag, with sales declining 32.2% in constant currency and an operating loss margin of negative 5.3%, while Europe at $1.77 billion in quarterly sales held up better with a 14.7% operating margin. Encouragingly, AGCO raised its full-year outlook, now guiding for net sales of approximately $9.80 billion, adjusted operating margins near 7.5%, and adjusted EPS between $4.75 and $5.00, incorporating current tariff impacts and ongoing restructuring benefits.