Every 10-Q that Agco Corp (AGCO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AGCO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AGCO filings page.
AGCO Corporation reported higher year‑to‑date sales but much lower profitability for mid‑2026. Net sales were $2.61 billion for the quarter and $4.95 billion for the first six months, up from $4.69 billion a year earlier, led by North America and Europe/Middle East high‑horsepower tractors.
Operating income reached $140.7 million for the quarter and $221.4 million year‑to‑date, up from $213.4 million in 2025, as higher volumes and price increases offset weaker Latin America, lower gross margins and higher engineering and SG&A spending. Net income attributable to AGCO dropped to $77.2 million for the quarter and $132.2 million for the first half, compared with $314.8 million and $325.3 million, mainly because 2025 included a large one‑time tax benefit while 2026 reflects a standard tax provision.
Operating activities used $245.0 million of cash, driven by higher inventories and receivables and lower accrued expenses. Liquidity was supported by $188.4 million of proceeds from selling 49% stakes in the U.S. and Canadian finance joint ventures, borrowings on a $1.25 billion credit facility, and $36.7 million of positive investing cash flow. AGCO returned capital via $347.9 million of share repurchases and an increased regular quarterly dividend of $0.30 per share, while noting ongoing tariff uncertainty and geopolitical risks that affect costs and farmer purchasing decisions.
AGCO Corporation reported stronger results for the three months ended March 31, 2026, with net sales of $2,342.9 million, up 14.3% from 2025. Net income attributable to AGCO rose to $55.0 million, or $0.76 per diluted share, compared with $0.14 a year earlier.
Growth was led by Europe/Middle East, where net sales reached $1,600.8 million and income from operations increased by $104.6 million. North America and Asia/Pacific/Africa also posted higher sales, while Latin America saw lower volumes and swung to an operating loss.
Gross margin softened as higher manufacturing and tariff‑related input costs offset volume gains, but lower interest and other expenses supported earnings. Operating cash flow was a use of $410.4 million due to seasonal working capital needs. AGCO ended the quarter with $514.9 million in cash, a debt‑to‑capitalization ratio of 36.6%, and $1,135.0 million of remaining capacity under its main credit facility. The company also plans $350.0 million in share repurchases and agreed to sell its 49% stakes in U.S. and Canadian finance joint ventures for about $190.0 million.
AGCO Corporation reported Q3 2025 results with net sales of $2,476.3 million versus $2,599.3 million a year ago, while net income attributable to AGCO rose to $305.7 million from $30.0 million. Diluted EPS was $4.09, up from $0.40. Gross profit improved to $646.5 million despite lower sales, aided by lower cost of goods sold, and interest expense fell to $15.5 million. Other expense (income), net swung to income of $208.4 million, lifting pre‑tax earnings.
For the nine months ended September 30, 2025, net sales were $7,161.8 million (down from $8,774.6 million), and net income attributable to AGCO was $631.0 million versus a loss of $169.1 million last year, with diluted EPS of $8.45. Operating cash flow was $224.5 million compared to a use of cash of $108.0 million in 2024. Cash and equivalents rose to $884.1 million, long‑term debt increased to $2,734.4 million, and stockholders’ equity reached $4,490.8 million. The company finalized the Grain & Protein divestiture adjustments in May 2025, recording an additional $12.3 million loss; receivables sold and outstanding were about $2.0 billion under sales programs and $252.7 million under factoring.
AGCO (AGCO) Q2-25 10-Q highlights:
- Sales pressure: Net sales fell 19% YoY to $2.64 billion (-$612 million) as soft end-market demand and the prior divestiture of Grain & Protein (G&P) weighed on volume.
- Earnings swing: Despite lower revenue, AGCO posted net income of $314.8 million (EPS $4.22) versus a $367.1 million loss (-$4.92) in Q2-24. The turnaround reflects the absence of last year’s $495 million G&P impairment, lower SG&A and R&D, and a $205.5 million tax benefit.
- Operating performance: Gross profit declined 21% to $658.6 million, but operating income reached $164.0 million versus a $241.7 million loss. Operating margin rose to 6.2% from -7.4%.
- Six-month view: H1-25 sales dropped 24% to $4.69 billion; EPS improved to $4.36 from -$2.67.
- Cash & liquidity: Operating cash inflow of $153.5 million contrasts with a $134.5 million outflow last year. Cash rose to $783.9 million. Long-term debt increased $523.6 million to $2.76 billion, largely funding the April-24 PTx Trimble (OneAg) acquisition; net debt ≈$2.18 billion.
- Balance sheet changes: Inventories up $365 million to $3.10 billion; goodwill up $78 million to $1.90 billion. Shareholders’ equity climbed $426 million to $4.17 billion.
- Strategic actions: • Consolidation of 85%-owned PTx Trimble adds $526 million of developed-tech intangibles and $1.59 billion goodwill. • Final G&P working-capital true-up booked an additional $12.3 million loss.
- Capital return: Dividends of $0.58/share YTD; 74.6 million shares outstanding.
Key takeaway: Profitability sharply improved due to mix, lower opex and tax benefits, but top-line contraction, higher inventories and leverage warrant monitoring as the Trimble JV integration progresses.