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AGCO (AGCO) investor relations material

AGCO Citi's Global Industrial Tech & Mobility Conference 2026 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Citi's Global Industrial Tech & Mobility Conference 2026 summary19 Feb, 2026

Business transformation and portfolio focus

  • Shifted to a pure-play equipment and technology company, divesting grain and protein business in 2024.

  • Three major brands: Fendt (premium), Massey Ferguson, and Valtra, plus the PTx technology stack.

  • Achieved 7.7% margin in a down cycle, nearly double 2016 levels, with a goal of 14%-15% operating margins at mid-cycle.

Precision ag and PTx strategy

  • PTx portfolio emphasizes retrofit, mixed-fleet solutions, and a unique dual-channel distribution model.

  • Integration of Trimble JV progressing well, with strong culture retention and accelerated product innovation (14 new products launched last year).

  • Elite Dealer network expanded from 40 to over 70 in 2025, targeting 50% growth this year, though full portfolio adoption is slower due to market conditions.

  • PTx revenues were $860M last year, expected flat to modestly up, with retrofit channel growing despite industry headwinds.

Digital platforms and FarmENGAGE

  • FarmENGAGE platform, rolling out on 2026 models, enables seamless mixed-fleet data management and task planning.

  • Phase three will enhance user interface, efficiency, and expand services, integrating legacy and new systems.

How does PTx retrofit offset OE declines?
How does AGCO maintain pricing with share gains?
North America profitability path and timing?
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Frequently asked questions

AGCO Corporation designs, manufactures, and distributes agricultural equipment and related replacement parts. Its products include tractors, combines, hay tools, sprayers, and grain storage systems marketed under multiple brands. The company is headquartered in Duluth, Georgia, and its shares are listed on the NYSE.

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