Duluth, Georgia - AGCO Corporation., an agricultural machinery manufacturer, reported net sales of $2.6 billion in the second quarter of 2026, down 1.0% compared with the same period in 2025. Excluding favorable foreign currency translation of 2.7%, net sales declined 3.7%.
For the first six months of 2026, AGCO recorded net sales of approximately $5.0 billion, an increase of 5.7% year over year. Excluding favorable currency translation of 5.2%, first-half net sales increased 0.5%.
AGCO has also revised its full-year outlook due to weaker-than-expected industry conditions, currency fluctuations and a more cautious demand outlook. Elevated operating costs, uneven crop economics and broader macroeconomic uncertainty continue to influence farmer investment decisions.
In North America, net sales increased 19.8% during the second quarter, excluding currency effects. The increase was supported by higher unit sales, particularly in high-horsepower tractors and hay tools.
In Latin America, net sales declined 25.0% as softer industry demand affected all product categories. Operating income was $48.7 million lower than in the same quarter of 2025, mainly due to lower sales and production volumes and higher engineering expenses.
Net sales in Europe/Middle East decreased 4.7%, with declines across most European markets partly offset by growth in Germany and the United Kingdom. The region recorded an operating margin of 15.0%.
In Asia/Pacific/Africa, net sales declined 6.4%, with lower sales across most Asian and African markets partly offset by growth in Australia.
AGCO said it will continue focusing on cost reduction, production discipline, cash flow and margin performance while investing in precision agriculture, automation and digital farming technologies.
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