AGCO Corp. (NYSE:AGCO) shares traded lower Thursday after the agricultural equipment maker reported second-quarter 2026 results that missed analyst expectations and lowered its full-year outlook.
Adjusted EPS of $1.43 missed the $1.48 estimate, while sales of $2.610 billion fell short of the $2.753 billion estimate. Revenue declined 1% year over year and fell 3.7% excluding a favorable currency impact.
Earnings And Margins
GAAP diluted EPS dropped to $1.08 from $4.22, while adjusted EPS increased to $1.43. Net income attributable to AGCO fell to $77.2 million from $314.8 million.
Gross margin contracted 30 basis points to 24.7%. Operating income declined 14.2% to $140.7 million, while adjusted operating income fell 21.1% to $171.6 million.
