AGCO Q3 Sales Fall 8.6% to $2.3B as Europe, LatAm Demand Slumps
Duluth, Georgia – October 29, 2026 -- AGCO reported third-quarter 2026 net sales of $2.3 billion, down 8.6% year-over-year, as weak demand in Europe/Middle East and Latin America outweighed a 35.1% constant-currency sales jump in North America. Excluding a 0.1% favorable currency effect, sales declined 8.7%.
Reported earnings were $0.75 per share, against $4.09 in the third quarter of 2025. Adjusted earnings fell to $1.05 per share from $1.35.
AGCO targets $5.50 adjusted EPS on $9.8-$10.0 billion in 2026 sales
The company projects adjusted operating margin of about 7.0%. It plans to align production volumes with dealer inventory and market demand, supported by pricing discipline and cost controls. The outlook reflects tariff policies as of October 29, 2026, and AGCO warned that any policy changes could affect the projections.