AGCO reports net sales of US$2.6 billion for the second quarter of 2026; 1.0% lower than the same three months in 2025.
Net sales for the Fendt, Massey Ferguson and Valtra parent company in the important Europe/Middle East region decreased 2.4% to US$1.73 billion during the three months (US$1.77 billion Q2 2025). Sales declines across most European markets were partially offset by growth in Germany, Scandinavia and the UK.
North American net sales bucked the trend; up by 19.7% to US$471.5 million in Q2 (US$394m Q2 2025). The most significant sales increases occurred in high-horsepower tractors and grassland equipment. Current farm economics, evolving grain export demand and elevated input costs are expected to continue to pressure industry demand throughout the rest of this year.
“Farmers responded to rising uncertainty around input costs and demand by taking a more cautious approach to equipment purchases,” says AGCO boss Eric Hansotia. “With this significant shift and mixed market dynamics, we continue to take decisive actions to align production with retail demand, manage inventory levels across our dealer network and maintain strong discipline around operating expenses and working capital.”
AGCO net sales for the first six months of 2026 were approximately US$5.0 billion; up 5.7% compared to the same period in 2025. Given weaker-than-expected industry conditions, currency fluctuations and a more cautious outlook for the rest of this year, AGCO expects 2026 net sales to be on a par with 2025; just north of US$10 billion.
AGCO posts lower net sales – Profi
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