AGCO reports $2.6 billion in quarterly net sales
AGCO reported $2.6B in Q2 net sales, down 1% YoY. Net income was $1.08 per share, down from $4.22 YoY. Adjusted net income rose to $1.43 per share. CEO Hansotia cited cautious farmer spending due to economic uncertainty. AGCO repurchased $345M in shares and sold joint ventures for $190M. The company revised its 2026 outlook, expecting $10.1B-$10.2B in sales and EPS of $5.50-$5.75.


