AGCO Q4 sales rise 1.1%, adjusted EPS beats

Agco

05/02/2026 12:38

Overview

Agricultural machinery maker's Q4 net sales rose 1.1% yr/yr despite industry pressures

2025 adjusted EPS beat analyst expectations

Company anticipates improved performance in 2026

Outlook

AGCO expects 2026 net sales between $10.4 bln and $10.7 bln

Company projects 2026 adjusted operating margins of 7.5% - 8.0%

AGCO targets 2026 earnings per share of $5.50 to $6.00

Result Drivers

CURRENCY IMPACT - Excluding favorable currency translation impacts of 6.4%, net sales in Q4 decreased 5.3% compared to Q4 2024

MARKET SHARE GAINS - AGCO grew global market share, including largest-ever share gains in North American large ag

INVENTORY MANAGEMENT - Disciplined production planning led to lower company and dealer inventories

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Sales
Beat
$10.10 bln
$9.82 bln (15 Analysts)
FY Adjusted EPS
Beat
$5.28
$4.96 (15 Analysts)
FY EPS
$9.75


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the heavy machinery & vehicles peer group is "buy."

Wall Street's median 12-month price target for AGCO Corp is $117.00, about 3.8% below its February 4 closing price of $121.68

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nPn5ZYCNfa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)