AGCO (NYSE:AGCO) Posts Quarterly Earnings Results, Beats Expectations By $0.32 EPS

Posted by Caroline Horne on Feb 7th, 2026

AGCO (NYSE:AGCO – Get Free Report) released its quarterly earnings data on Thursday. The industrial products company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.32, FiscalAI reports. The firm had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.67 billion. AGCO had a net margin of 7.21% and a return on equity of 9.39%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.97 earnings per share. AGCO updated its FY 2026 guidance to 5.500-6.000 EPS.

Here are the key takeaways from AGCO’s conference call:

AGCO delivered strong 2025 results with a full‑year adjusted operating margin of 7.7%, Q4 margin of 10.1%, record free cash flow of $740M, and executed a $250M accelerated share repurchase under its $1B program.
PTX showed clear momentum — AGCO launched 14 new retrofit products in 2025, expanded to over 70 PTX elite dealers, finished PTX revenue near $860M, and expects PTX to be flat to modestly up in 2026, supporting long‑term high‑margin growth.
Management continued disciplined production and dealer destocking (production hours down 12% in 2025 and North American dealer units down >30% year), but North America still carries ~7 months of supply vs a 6‑month target and will likely underproduce ~10% in H1 2026 to rebalance.
Tariffs and weak end‑market demand are material headwinds — AGCO expects an incremental ~$65M tariff drag in 2026 (total ~$105–110M) and forecasts a sharp decline in North American large‑ag volumes (~15%), with NA operating margins negative in the early part of 2026.
Structural cost actions (Project Reimagine) are progressing — $65M of savings realized in 2025, an additional $40–60M expected in 2026, and a ~ $190–$200M run‑rate toward the company’s mid‑cycle margin targets (14–15%).

AGCO Stock Performance

NYSE:AGCO opened at $132.57 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.73 and a current ratio of 1.39. The stock has a market capitalization of $9.89 billion, a PE ratio of 13.60, a P/E/G ratio of 10.85 and a beta of 1.19. AGCO has a fifty-two week low of $73.79 and a fifty-two week high of $132.89. The company has a fifty day moving average of $109.94 and a two-hundred day moving average of $109.23.

AGCO Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Friday, February 13th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, February 13th. This represents a $1.16 dividend on an annualized basis and a yield of 0.9%. AGCO’s dividend payout ratio is currently 23.06%.

Insider Activity at AGCO

In related news, SVP Kelvin Eugene Bennett sold 250 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $104.28, for a total transaction of $26,070.00. Following the completion of the transaction, the senior vice president owned 17,130 shares in the company, valued at $1,786,316.40. This represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 16.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On AGCO

A number of hedge funds have recently made changes to their positions in AGCO. Quarry LP acquired a new stake in AGCO in the 3rd quarter valued at about $73,000. Parallel Advisors LLC boosted its holdings in shares of AGCO by 1,038.8% during the 3rd quarter. Parallel Advisors LLC now owns 1,378 shares of the industrial products company’s stock worth $148,000 after purchasing an additional 1,257 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in shares of AGCO by 6.8% in the third quarter. Orion Porfolio Solutions LLC now owns 3,366 shares of the industrial products company’s stock valued at $360,000 after purchasing an additional 215 shares in the last quarter. Ausdal Financial Partners Inc. acquired a new stake in shares of AGCO in the second quarter valued at approximately $225,000. Finally, Worldquant Millennium Advisors LLC acquired a new stake in shares of AGCO in the second quarter valued at approximately $382,000. Institutional investors and hedge funds own 78.80% of the company’s stock.

More AGCO News

Here are the key news stories impacting AGCO this week:

Positive Sentiment: Q4 beat on both EPS and revenue — AGCO reported $2.17 EPS and $2.92B revenue, topping consensus and showing modest top-line growth versus the year-ago quarter. AGCO Reports Fourth Quarter and 2025 Full Year Results (press release)
Positive Sentiment: 2026 revenue guidance tops Street — management set 2026 net sales guidance of $10.4B–$10.7B, above consensus, which investors view as evidence of recovery potential and supports share strength. Agco outlines $10.4B-$10.7B 2026 sales target while advancing precision ag and cost savings
Positive Sentiment: Strong cash generation and cost discipline — AGCO reported record free cash flow (~$740M) and emphasized strategic cost actions and margin discipline that underpin the outlook. PR Newswire: AGCO Reports Fourth Quarter and 2025 Full Year Results
Neutral Sentiment: EPS guidance slightly below consensus — AGCO set FY26 EPS guidance of $5.50–$6.00 versus a Street consensus near $5.86, leaving mixed reactions on near-term profitability despite higher revenue targets. AGCO Q4 Deep Dive: Mixed Margins and Strategic Cost Actions Shape Outlook
Neutral Sentiment: Precision agriculture and tariff narrative under scrutiny — analysts are parsing updates on precision-tech roadmap and tariff exposure; these topics could affect medium-term margin and sales trajectories but are not immediate negatives. Looking At The Narrative For AGCO After Tariff Questions And Precision Tech Updates
Negative Sentiment: 2025 full-year sales decline — reported net sales for the full year were down ~13.5% versus 2024, reflecting a soft demand backdrop that could pressure recovery timing if end-market conditions don’t improve. AGCO Reports Fourth Quarter and 2025 Full Year Results
Negative Sentiment: Margins mixed and demand still uneven — commentary and analyst notes highlight margin pressure in parts of the business and weak end-market demand, which could limit upside to estimates if conditions persist. Agco: Q4 Earnings Snapshot

Analyst Ratings Changes

Several equities research analysts have weighed in on AGCO shares. Barclays increased their price target on AGCO from $93.00 to $105.00 and gave the stock an “underweight” rating in a research report on Friday. Robert W. Baird set a $128.00 price target on AGCO in a research report on Friday. Truist Financial set a $134.00 price target on AGCO in a report on Wednesday, January 14th. JPMorgan Chase & Co. raised their price objective on shares of AGCO from $123.00 to $138.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, BMO Capital Markets boosted their target price on shares of AGCO from $110.00 to $115.00 and gave the company a “market perform” rating in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $118.55.

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AGCO Company Profile

(Get Free Report)

AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations.

The company’s product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions.