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Apr 30, 2025
Titan Machinery Q1 2026 Earnings Report
Titan Machinery reported a net loss in Q1 2026 amid declining equipment margins and subdued agricultural demand.
Key Takeaways
Titan Machinery saw a net loss of $13.2M in Q1 2026, driven by lower gross margins and a downturn in agricultural equipment demand. Revenue came in at $594.3M, with Europe being a bright spot due to EU stimulus, while North America remained soft.
Revenue for Q1 2026 was $594.3M, down from $628.7M YoY.
Net loss of $13.2M versus net income of $9.4M in Q1 last year.
Europe segment revenue surged 44%, supported by EU stimulus response.
Adjusted EBITDA turned negative at -$3.98M compared to $23.9M last year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Titan reiterated its full-year adjusted EPS guidance despite headwinds, with Europe performing above expectations while domestic segments face soft demand.
Positive Outlook
- Inventory optimization efforts reduced interest expenses sequentially.
- Europe segment revised upward on continued stimulus tailwinds.
- Cash flow from operations turned positive vs. prior year negative.
- Company maintained full-year adjusted EPS guidance.
- Continued execution of customer care and inventory strategies.
Challenges Ahead
- Agricultural market remains challenged by weak farmer profitability.
- Gross margin declined significantly due to lower equipment margins.
- Construction segment posted a pre-tax loss.
- Australia revenue faced FX-related pressure.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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