Filing Flows › Agco (AGCO) › Q2 2026 › vs Q1 2026
Agco (AGCO) Q2 2026 vs Q1 2026 (quarter over quarter)
Agco's revenue rose $267M (+11%) from $2.3B in Q1 2026 to $2.6B in Q2 2026. Gross margin 24.7% against 24.8% (-0.1 pts).
Agco, Q2 2026: revenue $2.6B (-1% year over year), operating margin 5.4%, net earnings $77.2M, operating cash flow $165M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 24.7% | 24.8% | -0.1 pts |
| Operating margin | 5.4% | 3.4% | +1.9 pts |
| Net margin | 3.0% | 2.3% | +0.6 pts |
| Free cash flow margin | 4.1% | -19.4% | +23.6 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Revenue | $2.6B | $2.3B | $267M | +11% |
| Gross profit | $646M | $581M | $64.5M | +11% |
| Cost of revenue | $2.0B | $1.8B | $202M | +11% |
| Operating profit | $141M | $80.7M | $60.0M | +74% |
| Operating expenses | $505M | $501M | $4.5M | +0.9% |
| Pre-tax earnings | $115M | $57.0M | $58.2M | +102% |
| Other expense, net | $25.5M | $23.7M | $1.8M | +8% |
| SG&A | $336M | $339M | −$3.4M | -1% |
| Other operating costs | $170M | $162M | $7.9M | +5% |
| Loss borne by minority interests | $2.4M | $2.6M | −$200K | -8% |
| Net earnings | $77.2M | $55.0M | $22.2M | +40% |
| Income tax | $40.4M | $4.6M | $35.8M | +778% |
| Depreciation & amortization | $84.2M | $83.6M | $600K | +0.7% |
| Share-based compensation | $17.5M | $10.4M | $7.1M | +68% |
| Working capital & other | $13.5M | $559M | −$546M | -98% |
| Operating cash flow | $165M | −$410M | $576M | — |
| Free cash flow (OCF − capex) | $108M | −$455M | $563M | — |
| Capital expenditures | $57.2M | $44.6M | $12.6M | +28% |
Questions
How much did Agco's revenue grow quarter over quarter in Q2 2026?
Agco's revenue rose $267M (+11%) from $2.3B in Q1 2026 to $2.6B in Q2 2026. Gross margin 24.7% against 24.8% (-0.1 pts).