AGCO reported operating income of $140.7 million for the second quarter of 2026, a 14% decline compared with the same period last year. While retail tractor sales in Western Europe were 3% higher during the first half of the year, sales across many European markets remained below expectations. In Western Europe, Hansotia said: "Industry conditions were mixed, as input costs, demand and capital allocation considerations influenced equipment purchases. Tractor demand showed relative stability year-to-date compared to prior year levels, but weakened during the second quarter." AGCO also warned that the continuing conflicts in Ukraine and the Middle East had increased volatility in energy, logistics and agricultural input markets.