Agco reported 4.7% revenue growth to $2.3 billion, excluding nearly 10% of favorable foreign exchange impacts. Ongoing strength in Europe, combined with cost controls and share repurchases, allowed the company to raise its 2026 EPS guidance to $6.00 from $5.50-$6.00.
Agco is a global manufacturer of agricultural equipment. Its main machine brands are Fendt, Massey Ferguson, and Valtra; its initiatives in precision agriculture have been organized under the PTx umbrella following a series of acquisitions. While a global business, Agco’s sales skew heavily toward Europe/Middle East, representing 50%-60% of sales and even more of operating profits. The company is trying to increase its exposure to the larger North and South American markets. Its products are available through a global dealer network, which includes over 3,000 dealers and distribution locations and reaches into over 140 countries. Additionally, Agco offers retail and wholesale financing to customers through its partnership with Rabobank of the Netherlands, having exited their JV in 2026.