Filing Flows › Agco (AGCO) › Q2 2026
Agco (AGCO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Agco (AGCO) reported revenue of $2.6B for the second quarter 2026 (Q2 2026), -1% from a year earlier and +11% from the quarter before. Operating margin was 5.4%, net earnings $77.2M (3.0% of revenue).
Agco, Q2 2026: revenue $2.6B (-1% year over year), operating margin 5.4%, net earnings $77.2M, operating cash flow $165M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.6B | +11% | -1% |
| Gross profit | $646M | +11% | -2% |
| Operating profit | $141M | +74% | -14% |
| Net earnings | $77.2M | +40% | -75% |
| Operating cash flow | $165M | — | -55% |
| Free cash flow | $108M | — | -67% |
What changed
Revenue was $2.6B in Q2 2026, down 1% year over year and up 11% from the previous quarter. Tractors was the largest line at 64% of revenue. Tractors lost $0.03B year over year (down 2%), 116% of the total change.
Gross margin was 24.7%, down 0.2 points from Q2 2025. Operating profit was $0.14B, a 5.4% margin (down 0.8 points year over year). Operating expenses grew 2% against a revenue fall of 1%. Net earnings were $0.08B, down 75% year over year. The effective tax rate was 35.1%.
Operating cash flow was $0.17B (down 55% year over year), 221% of net income including minority interests. Non-cash charges added back $0.08B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.01B. Capital expenditures of $0.06B left free cash flow of $0.11B.
Questions
What was Agco's revenue in the second quarter 2026?
Agco (AGCO) reported revenue of $2.6B for the second quarter 2026 (Q2 2026), -1% from a year earlier and +11% from the quarter before.
Was Agco profitable in the second quarter 2026?
Operating profit was $141M (5.4% of revenue) and net earnings $77.2M.
Source: Agco 10-Q on SEC EDGAR.