Filing Flows › Agco (AGCO) › Q1 2026
Agco (AGCO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Agco (AGCO) reported revenue of $2.3B for the first quarter 2026 (Q1 2026), +14% from a year earlier and -20% from the quarter before. Operating margin was 3.4%, net earnings $55.0M (2.3% of revenue).
Agco, Q1 2026: revenue $2.3B (+14% year over year), operating margin 3.4%, net earnings $55.0M, operating cash flow −$410M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.3B | -20% | +14% |
| Gross profit | $581M | -22% | +12% |
| Operating profit | $80.7M | -65% | +63% |
| Net earnings | $55.0M | -42% | +424% |
| Operating cash flow | −$410M | -154% | — |
What changed
Revenue was $2.3B in Q1 2026, up 14% year over year and down 20% from the previous quarter. Europe/Middle East was the largest line at 68% of revenue. Europe/Middle East added $0.27B year over year (up 20%), 92% of the total change. Latin America declined 17%.
Gross margin was 24.8%, down 0.6 points from Q1 2025. Operating profit was $0.08B, a 3.4% margin (up 1.0 points year over year). Of the extra revenue versus Q1 2025, 11% reached operating profit, above the 2% margin then. Operating expenses grew 6% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+11%). Net earnings were $0.06B, up 424% year over year ($0.05B including minority interests, which bore $2.6M of losses). The effective tax rate was 8.1%.
Operating cash flow was −$0.41B. Non-cash charges added back $0.08B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.56B. Capital expenditures of $0.04B exceeded it, leaving free cash flow of −$0.46B.
Questions
What was Agco's revenue in the first quarter 2026?
Agco (AGCO) reported revenue of $2.3B for the first quarter 2026 (Q1 2026), +14% from a year earlier and -20% from the quarter before.
Was Agco profitable in the first quarter 2026?
Operating profit was $80.7M (3.4% of revenue) and net earnings $55.0M.
Source: Agco 10-Q on SEC EDGAR.