Earnings summaries and quarterly performance for AGCO CORP /DE.
Executive leadership at AGCO CORP /DE.
Eric Hansotia
Detailed
Chief Executive Officer
CEO
DA
Damon Audia
Detailed
Chief Financial Officer
IH
Ivory Harris
Detailed
Senior Vice President, Chief Human Resources Officer
KB
Kelvin Bennett
Detailed
Senior Vice President, Engineering
LF
Luis Felli
Detailed
Senior Vice President, General Manager, Massey Ferguson
RB
Roger Batkin
Detailed
General Counsel, Chief ESG Officer and Corporate Secretary
SC
Stefan Caspari
Detailed
Senior Vice President, Customer Success and Business Effectiveness
TM
Timothy Millwood
Detailed
Senior Vice President, Chief Supply Chain Officer
TD
Torsten Dehner
Detailed
Senior Vice President, General Manager, Fendt/Valtra
VS
Viren Shah
Detailed
Senior Vice President, Chief Digital & Information Officer
Board of directors at AGCO CORP /DE.
Research analysts who have asked questions during AGCO CORP /DE earnings calls.
Jamie Cook
Truist Securities
6 questions for AGCO
Also covers: ACM, AME, CAT +17 more
Kristen Owen
Oppenheimer & Co. Inc.
6 questions for AGCO
Also covers: , AVNT, BHIL +15 more
SV
Stephen Volkmann
Jefferies
6 questions for AGCO
Also covers: CARR, CAT, CMI +21 more
TZ
Tami Zakaria
JPMorgan Chase & Co.
6 questions for AGCO
Also covers: ADM, ALSN, ATMU +23 more
MD
Mircea Dobre
Robert W. Baird & Co.
5 questions for AGCO
Also covers: ALG, ASTE, CAT +15 more
JR
Jerry Revich
Goldman Sachs Group Inc.
4 questions for AGCO
Also covers: ALSN, ATMU, CAT +28 more
Kyle Menges
Citigroup
3 questions for AGCO
Also covers: ALH, ALSN, CAT +11 more
SF
Steven Fisher
UBS
2 questions for AGCO
Also covers: ACM, BBCP, CAT +22 more
AC
Angel Castillo Malpica
Morgan Stanley
1 question for AGCO
Also covers: ALSN, CAT, CMI +15 more
Clay Williams
Goldman Sachs
1 question for AGCO
Also covers: GTES, MTW, URI
EO
Esther Oshina
Morgan Stanley
1 question for AGCO
Esther Osinaiya
Morgan Stanley
1 question for AGCO
Also covers: MLM
Joel Jackson
BMO Capital Markets
1 question for AGCO
Also covers: ALB, ALTM, CF +11 more
Michael Feniger
Bank of America
1 question for AGCO
Also covers: ACM, CAT, CWST +11 more
TT
Timothy Thein
Raymond James
1 question for AGCO
Also covers: ALSN, CAT, CMI +14 more
TT
Tim Thein
Raymond James Financial
1 question for AGCO
Also covers: ALSN, CMI, CNH +11 more
Recent press releases and 8-K filings for AGCO.
AGCO Reports Record 2025 Free Cash Flow and Provides 2026 Outlook
AGCO
Earnings
Guidance Update
Share Buyback
- AGCO reported record free cash flow of $740 million in 2025, an increase of over $440 million from 2024, and a Q4 2025 adjusted operating margin of 10.1%.
- For 2026, the company forecasts net sales between $10.4 billion and $10.7 billion and Adjusted Earnings Per Share in the range of $5.50-$6.00, with anticipated adjusted operating margins between 7.5% and 8%. Global industry demand is expected to be relatively flat year-over-year.
- AGCO achieved its highest market share in history in 2025 globally and introduced new technologies such as SymphonyVision Duo, ArrowTube, and FarmENGAGE. The company also executed a $250 million accelerated share repurchase in Q4 2025.
- The company expects incremental tariff costs to be a $65 million headwind in 2026 compared to 2025, with the majority of this impact occurring in the first half of the year.
1 day ago
AGCO Reports Q4 and Full-Year 2025 Results, Issues 2026 Outlook
AGCO
Earnings
Guidance Update
Share Buyback
- AGCO reported Q4 2025 net sales of $2.9 billion, up 1% year-over-year (or 4% excluding the Grain and Protein divestiture), with an adjusted operating margin of 10.1%. For the full year 2025, net sales were $10.1 billion and adjusted earnings per share were $5.28.
- The company provided a 2026 full-year net sales outlook of $10.4 billion to $10.7 billion and targeted Adjusted Earnings Per Share in the range of $5.50 to $6.00. Adjusted operating margins are expected to be between 7.5% and 8%.
- AGCO achieved a record free cash flow of $740 million in 2025 and executed a $250 million accelerated share repurchase in Q4 2025 as part of its $1 billion program.
- Strategic initiatives included the divestiture of the majority of the Grain and Protein business and the formation of the PTX business, which delivered ~$860 million in revenue in 2025 and introduced 14 new products. The company also made significant progress in reducing dealer inventories across regions.
- Management believes 2025 was the bottom of the trough, with fleets in major markets at their peak age, and expects the future to look brighter.
1 day ago
AGCO Reports Q4 and Full-Year 2025 Results, Provides 2026 Outlook
AGCO
Earnings
Guidance Update
Share Buyback
- AGCO reported Q4 2025 net sales of $2.9 billion and a full-year 2025 adjusted operating margin of 7.7%, with adjusted EPS of $5.28.
- The company generated record free cash flow of $740 million in 2025 and executed a $250 million accelerated share repurchase in Q4 2025.
- For full-year 2026, AGCO projects net sales between $10.4 billion and $10.7 billion and adjusted EPS in the range of $5.50-$6.00, with adjusted operating margins expected between 7.5% and 8%.
- The 2026 outlook anticipates an incremental $65 million tariff headwind and an almost $50 million increase in engineering expense, partially offset by $40 million-$60 million in restructuring benefits.
- Management stated that 2025 was the bottom of the trough for the industry, with North America large ag industry sales forecast down approximately 15% in 2026, while Western European tractor volumes are expected to be up modestly.
1 day ago
AGCO Announces Strong Q4 2025 Operating Income and Record Free Cash Flow
AGCO
Earnings
Guidance Update
Share Buyback
- AGCO reported Q4 2025 net sales of $2,920.2 million, a 1.1% increase from Q4 2024, with reported operating income surging 185.8% to $230.7 million.
- For the full year 2025, net sales decreased 13.5% to $10,082.0 million, but reported operating income significantly increased 587.9% to $595.7 million compared to 2024.
- The company generated $675 million in free cash flow in Q4 2025, contributing to a record $740 million for the full year 2025, with a Free Cash Flow Conversion of 188%.
- AGCO repurchased $250 million of shares in Q4 2025 as part of its $1 billion share repurchase program and declared a quarterly dividend of $0.29 per share.
- Looking ahead, AGCO projects full-year 2026 production to be flat compared to 2025, following a 12% decrease in 2025 production versus 2024. The 2026 market outlook for industry unit tractor sales is mixed, with Large Ag in North America expected to be down ~15% and Western Europe up 0%-5%.
1 day ago
AGCO Reports Q4 and Full-Year 2025 Results, Provides 2026 Outlook
AGCO
Earnings
Guidance Update
Demand Weakening
- AGCO reported net sales of $2.9 billion for the fourth quarter of 2025, an increase of 1.1% compared to the fourth quarter of 2024. For the full year 2025, net sales were $10.1 billion, a 13.5% decrease compared to 2024.
- Full-year 2025 reported earnings per share were $9.75, and adjusted earnings per share were $5.28.
- The company achieved a full-year adjusted operating margin of 7.7% and generated record free cash flow of $740 million in 2025.
- AGCO projects 2026 net sales to range from $10.4 billion to $10.7 billion and earnings per share to be approximately $5.50 to $6.00, both of which are above 2025 levels.
- Global agricultural markets remained under significant pressure in 2025, with industry unit retail sales for tractors and combines decreasing across North America, Brazil, and Western Europe.
1 day ago
AGCO Reports Q4 and Full-Year 2025 Results, Provides 2026 Outlook
AGCO
Earnings
Guidance Update
Demand Weakening
- AGCO reported full-year 2025 net sales of $10.1 billion, a 13.5% decrease compared to 2024, with adjusted earnings per share of $5.28.
- For the fourth quarter of 2025, net sales increased 1.1% to $2.9 billion, and adjusted earnings per share were $2.17.
- The company achieved record free cash flow of $740 million in 2025.
- AGCO projects 2026 net sales between $10.4 and $10.7 billion and earnings per share between $5.50 and $6.00.
- Global agricultural markets experienced significant pressure in 2025, leading to moderated demand for new equipment, with North American industry retail tractor sales down 10% and combine unit sales down 27% compared to 2024.
1 day ago
ResearchAndMarkets.com Report Forecasts Significant Growth in Off-Highway Vehicle Telematics Market
AGCO
New Projects/Investments
Product Launch
Revenue Acceleration/Inflection
- The global installed base of active off-highway vehicle telematics systems reached 10 million units in 2024 and is projected to grow at a 12.0% compound annual growth rate (CAGR) to 17.6 million units worldwide by 2029.
- Caterpillar is identified as the leading off-highway vehicle telematics provider, having surpassed 1.5 million connected assets, with SANY, Komatsu, and Deere & Company as runners-up.
- AGCO is among other manufacturers noted for having a sizeable installed base of off-highway vehicle telematics units, estimated to be in the tens of thousands.
- The aftermarket for off-highway vehicle telematics is expected to shrink due to equipment manufacturers introducing standard fitment and longer free software subscriptions, but opportunities exist in upselling advanced functionality and asset tracking solutions.
Jan 12, 2026, 10:56 AM
AGCO Discusses Strategic Shifts, PTx Growth, and 2026 Industry Outlook
AGCO
New Projects/Investments
Share Buyback
Demand Weakening
- AGCO Corporation is undergoing significant transformation, including the formation of the PTx organization, divestment of its grain and protein business, and Project Reimagine, which aims for $175 million-$200 million in run rate structural cost savings by the end of 2026.
- The company has shifted its capital allocation strategy from variable dividends to share repurchases, announcing a $1 billion program with $300 million expected to commence in Q4 2025.
- AGCO's PTx precision agriculture business, currently generating approximately $900 million in revenues, targets growth to $2 billion through new product introductions like Symphony Vision and Autonomy, and expansion in the retrofit channel.
- For 2026, AGCO initially projected mid-single-digit declines in North America but will likely revise this to a "little bit more negative" view, while Europe is expected to be up, and South America is anticipated to be flat.
Dec 2, 2025, 6:50 PM
AGCO Discusses Strategic Shifts and Market Outlook
AGCO
Guidance Update
Share Buyback
New Projects/Investments
- AGCO is undergoing a significant transformation, including the PTX organization, divestment of its low-margin grain and protein business, and Project Reimagine, which targets $175 million-$200 million in structural cost savings by the end of next year.
- The company has pivoted its capital allocation strategy to share repurchases, announcing a $1 billion program with approximately $300 million expected to commence in Q4.
- AGCO's PTX technology business aims to grow revenue from approximately $900 million to $2 billion by 2029, driven by new product introductions, geographic expansion, and increased share with other OEMs.
- The company is focused on expanding its Fendt brand in North and South America, leveraging product performance, a three-year Gold Star warranty, the FarmerCore service model, and the FarmEngage mixed fleet management system.
- AGCO anticipates a more negative industry outlook for North America in 2026 than previously thought, leading to continued efforts to reduce dealer inventories and potential further underproduction, while Europe is expected to be up next year.
Dec 2, 2025, 6:50 PM
AGCO Discusses 2025 Strategic Shifts and 2026 Outlook
AGCO
Guidance Update
Share Buyback
New Projects/Investments
- AGCO implemented five key strategic shifts in 2025, including the formation of the PTX organization, the divestiture of its grain and protein business, and Project Reimagine, which is projected to achieve $175 million-$200 million in structural cost savings by the end of 2026.
- The company announced a shift in capital allocation to share repurchases, initiating a $1 billion program with $300 million expected to commence in Q4 2025.
- AGCO targets growing its PTX technology stack revenue from approximately $900 million to $2 billion by 2029, driven by new product introductions and geographic expansion.
- The 2026 industry outlook for North America is anticipated to be more negative than previously thought, with Europe expected to be up slightly and South America flat. AGCO plans underproduction in 2026 to reduce dealer inventories.
Dec 2, 2025, 6:50 PM
Quarterly earnings call transcripts for AGCO CORP /DE.
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