AGCO Corp (NYSE:AGCO) Reports Mixed Q2 2025 Earnings with Revenue Beat and Pre-Market Rally

AGCO Corp (NYSE:AGCO) reported its second-quarter earnings for 2025, delivering mixed results that have prompted a modest pre-market reaction. The agricultural machinery manufacturer posted net sales of $2.635 billion, down 18.8% year-over-year, though this decline was partly attributed to the divestiture of its Grain & Protein business in the prior year. Excluding foreign currency impacts, sales fell 22.3%.

Key Financial Highlights

• Revenue vs. Estimates: AGCO’s Q2 revenue of $2.635 billion surpassed analyst expectations of $2.560 billion, a positive surprise of approximately 2.9%.
• Earnings Per Share (EPS): Adjusted EPS came in at $1.35, beating the consensus estimate of $1.10 by 22.7%. However, this was a significant drop from the prior year's adjusted EPS of $2.53.
• Reported vs. Adjusted Net Income: The company swung to a reported net income of $4.22 per share, compared to a net loss of $(4.92) per share in Q2 2024. This sharp swing was influenced by one-time items, making the adjusted figures more reflective of ongoing operations.

Market Reaction

The stock is up 3.38% in pre-market trading, suggesting investors are responding favorably to the earnings beat despite the year-over-year declines. Over the past month, AGCO shares had dipped 1.27%, while the last week saw a slight decline of 0.05%. The pre-market bounce indicates relief that results were better than feared, particularly given the challenging agricultural market conditions.

Looking Ahead

Analysts project Q3 2025 revenue at $2.36 billion and full-year sales at $9.812 billion. AGCO did not provide explicit forward guidance in its press release, leaving investors to rely on external estimates. The company’s ability to outperform expectations in a softer demand environment will be closely watched in the coming quarters.

For a deeper dive into AGCO’s earnings history and future estimates, see the earnings and estimates page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.