AGCO

Q2 FY2026 EarningsQ2 FY26 results missed consensus on the top-line but slightly exceeded adjusted bottom-line expectations. Net sales of $2.61B fell short of the $2.75B mean estimate (-5.1%), driven by a 25% constant-currency decline in Latin America. Adjusted EPS of $1.43 marginally beat the $1.35-1.40 range, though GAAP EPS of $1.08 significantly missed the $1.44 mean due to $0.35 in restructuring and acquisition-related charges. Full-year FY26 EPS guidance was lowered to $5.50-$5.75, reflecting deteriorating industry conditions and elevated inventory management needs.