AGCO Q2 FY26 operating income drops 14.2% to $140.7 million; net sales slip 1% to $2.61 billion - AGCO News | RalliesAGCO Q2 FY26 operating income drops 14.2% to $140.7 million; net sales slip 1% to $2.61 billion
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AGCO• Cash flow and outlook
- Free cash flow totaled $(346.8) million through June; AGCO confirmed a full-year free cash flow target of about $300 million.
- Outlook calls for 2026 net sales of $10.1 billion-$10.2 billion, adjusted EPS of $5.50-$5.75, and capex of $300 million-$325 million.
Second-quarter results
- AGCO posted Q2 2026 net sales of $2.61 billion, down 1% from Q2 2025; operating income fell 14.2% to $140.7 million.
- Diluted EPS dropped to $1.08 from $4.22; adjusted diluted EPS rose to $1.43 from $1.35 under non-GAAP measures.
- Operating margin narrowed 0.8 percentage points to 5.4%; adjusted operating margin fell 1.7 percentage points to 6.6% on a non-GAAP basis.
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