Q1 26 EPS
$0.94
BEAT +113.15%
Est. $0.44
Q1 26 Revenue
$2.34B
BEAT +2.95%
Est. $2.28B
vs S&P Since Q1 26
-16.5%
TRAILING MARKET
AGCO -11.1% vs S&P +5.4%
Market Reaction
Did AGCO Beat Earnings? Q1 2026 Results
AGCO delivered a stronger-than-expected first quarter for 2026, posting adjusted diluted EPS of $0.94 against a consensus estimate of $0.44, a beat of 113.15%, while net sales of $2.34 billion came in 2.95% ahead of the $2.28 billion Wall Street had … Read more AGCO delivered a stronger-than-expected first quarter for 2026, posting adjusted diluted EPS of $0.94 against a consensus estimate of $0.44, a beat of 113.15%, while net sales of $2.34 billion came in 2.95% ahead of the $2.28 billion Wall Street had anticipated and rose 14.3% year-over-year. The standout driver was Europe, Middle East, and Africa, where $1.60 billion in regional sales, aided by favorable currency translation that contributed 9.6% to the consolidated top line, paired with recovering high-horsepower tractor volumes following prior-year dealer de-stocking to lift segment operating margin to 16.2%. Those gains more than offset a deeply negative North American margin weighed down by tariff-related input costs and a sharp Latin American revenue decline of 17.3%. Despite the earnings beat, analyst sentiment remained cautious, with at least one major bank trimming its price target on the stock. Looking ahead, AGCO raised its full-year 2026 adjusted EPS outlook to approximately $6.00 and guided net sales to $10.50 billion to $10.70 billion, assuming tariff policies as of May 5, 2026 remain in place.
Key Takeaways
- • Strong high-horsepower tractor sales growth in Europe and North America
- • Favorable currency translation contributed 9.6% to consolidated sales growth
- • Sales growth and favorable product mix in Europe/Middle East drove segment operating income increase of $104.6 million
- • Continued production alignment delivering progress on dealer and company inventories
- • Near-record first-quarter margins in Europe
AGCO YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
AGCO Revenue by Segment
With YoY comparisons, source: SEC Filings
AGCO Revenue by Geography
With YoY comparisons, source: SEC Filings
“AGCO delivered healthy first-quarter sales and margin results, reflecting disciplined execution in a demanding agricultural market and dynamic global environment. We outpaced the market, particularly in high-horsepower equipment and precision agriculture, underscoring the strength of our differentiated portfolio and Farmer-First approach. We stayed focused on supporting customers while maintaining operational flexibility with continued production alignment delivering further progress on dealer and company inventories. We achieved near-record first-quarter margins in Europe and continued to grow market share in high-horsepower offerings in North America.”
— Eric Hansotia, Q1 2026 Earnings Press Release
AGCO Earnings Trends
AGCO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AGCO EPS Trend
Earnings per share: estimate vs actual
AGCO Revenue Trend
Quarterly revenue: estimate vs actual
AGCO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS | $1.48 | $1.43 | -3.14% | $2.61B | -5.12% |
| Q1 26 BEAT | $0.44 | $0.94 | +113.15% | $2.34B | +2.95% |
| Q4 25 BEAT FY | $1.86 | $2.17 | +16.82% | $2.92B | +9.40% |
| FY Full Year | — | $5.28 | — | $10.08B | — |
| Q3 25 BEAT | $1.22 | $1.35 | +11.07% | $2.48B | +0.26% |
| Q2 25 BEAT | $1.08 | $1.35 | +25.49% | $2.64B | +5.45% |