Titan Machinery Q2 revenue beats estimates

Titan Machinery

28/08/2025 11:55

Overview

Titan Machinery fiscal Q2 revenue of $546.4 mln beats analyst expectations

Adjusted EPS loss of $0.26 beats estimates, per LSEG data

Agricultural equipment maker on track to exceed $100 mln inventory reduction target for fiscal 2026

Outlook

Titan Machinery expects Europe revenue to rise 30%-40% in fiscal 2026

Company narrows adjusted diluted loss per share to ($1.50) - ($2.00)

Titan Machinery aims to exceed $100 mln inventory reduction target by fiscal year-end

Company sees agriculture revenue down 15%-20% in fiscal 2026

Result Drivers

INVENTORY MANAGEMENT - Titan Machinery focused on optimizing inventory amid weak demand, with a modest increase in inventory due to timing of OEM shipments

EUROPEAN GROWTH - Revenue in Europe increased significantly, driven by EU stimulus programs, despite overall revenue decline

AGRICULTURE CHALLENGES - Agricultural segment revenue declined due to lower commodity prices and high interest rates impacting farmer profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$546.40 mln
$503.80 mln (5 Analysts)
Q2 Adjusted EPS
Beat
-$0.26
-$0.53 (4 Analysts)
Q2 Net Income
-$6 mln
Q2 Gross Margin
17.1%
Q2 Gross Profit
$93.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "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 Titan Machinery Inc is $24.00, about 12.5% above its August 27 closing price of $21.01

Press Release: ID:nGNXbSJr49

(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.)