AGCO Corporation filed its third-quarter 2026 earnings release on October 29, 2026, reporting net sales of $2.3 billion for the quarter ended September 30, 2026, alongside full-year adjusted earnings per share guidance of approximately $5.50.

Key Highlights

  • Net sales of $2,262.5 million for Q3 2026, down 8.6% compared to Q3 2025, or down 8.7% excluding favorable foreign currency translation of 0.1%.
  • Reported net income of $0.75 per share for Q3 2026, compared to $4.09 per share in Q3 2025; adjusted net income was $1.05 per share versus $1.35 per share in Q3 2025.
  • North America net sales rose 34.8% year-over-year in Q3 2026, driven by higher unit sales across most equipment categories and approximately $13.0 million of IEEPA tariff refunds.
  • Europe/Middle East net sales fell 19.1% in Q3 2026, with the most pronounced declines in Germany, France, Italy, and Spain.
  • Nine-month net sales of approximately $7.2 billion, an increase of 0.7% compared to the same period in 2025, or a decrease of 2.7% excluding favorable currency translation of 3.4%.
  • Full-year 2026 net sales outlook of $9.8 to $10.0 billion, with adjusted operating margins projected at approximately 7.0% and adjusted earnings per share targeted at approximately $5.50.

AGCO Third-Quarter 2026 Regional Performance and Full-Year Guidance

According to the filing, AGCO (NYSE:AGCO), headquartered in Duluth, Georgia, reported consolidated net sales of $2,262.5 million for the three months ended September 30, 2026, compared to $2,476.3 million in the third quarter of 2025. Reported net income per share was $0.75 and adjusted net income per share was $1.05 for the quarter. For the first nine months of 2026, reported net income was $2.59 per share and adjusted net income was $3.42 per share, compared to $8.45 per share reported and $3.11 per share adjusted for the same period in 2025.

Regional results varied considerably, the filing disclosed. North America net sales reached $485.3 million in Q3 2026, up from $359.9 million in Q3 2025, with income from operations of $13.8 million compared to a loss of $42.0 million in the prior-year period. The Latin America region reported net sales of $292.3 million, down from $345.5 million, with income from operations $13.0 million lower year-over-year. The Europe/Middle East region posted net sales of $1,306.1 million, compared to $1,613.8 million in Q3 2025, with income from operations $115.1 million lower than the same period in 2025. Asia/Pacific/Africa net sales were $178.8 million, up from $157.1 million, with income from operations $17.2 million higher year-over-year. The filing also noted that effective January 1, 2026, Mexico operations were transferred from the North America segment to the South America segment, which was renamed Latin America, and prior period segment information was retrospectively adjusted.

Regarding the broader market, the filing reported that North American industry retail tractor sales were 9% lower and combine unit sales were 10% lower in the first nine months of 2026 compared to the same period in 2025. Brazil industry retail tractor sales were 17% lower and combine unit sales were 38% lower over the same period, based on company estimates. Western Europe industry retail tractor sales were 1% lower for the nine months, with the third quarter down 9%. For the full year 2026, the company disclosed that its net sales are expected to be from $9.8 to $10.0 billion and that adjusted earnings per share is targeted at approximately $5.50, with these estimates reflecting "tariff policies as of October 29, 2026, together with AGCO's established mitigation actions and sourcing strategies."

What Was Disclosed

AGCO reported Q3 2026 net sales of $2,262.5 million, down 8.6% year-over-year, with reported EPS of $0.75 and adjusted EPS of $1.05. The company also provided full-year 2026 guidance of $9.8 to $10.0 billion in net sales and approximately $5.50 in adjusted EPS.