AGCO CORP /DE — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 48/100
What the filing says
AGCO reported Q3 2026 net sales of $2.3B (down 8.6% YoY), with reported EPS of $0.75 and adjusted EPS of $1.05 versus prior year adjusted EPS of $1.35. Full-year 2026 adjusted EPS guidance is ~$5.50 on sales of $9.8–$10.0B with ~7.0% adjusted operating margin. Weakness was broad: EME sales fell 18.1% constant-currency, LATAM fell 19.1%; North America grew 35.1% (benefiting from ~$13M IEEPA tariff refunds). Nine-month adjusted EPS is $3.42 versus $3.11 prior year.
Why this rating
Cyclical downturn in core ag demand (weakest in decade per CEO); material Q3 decline partially offset by NA recovery and tariff refunds. Guidance cut and margin pressure are real concerns relative to $6.4B market cap, but structural PTx strategy and global position remain intact.
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