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Apr 30
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.
Titan Machinery
Titan Machinery
Titan Machinery Revenue by Segment
Titan Machinery Revenue by Geographic Location
Revenue by Segment
Agriculture Revenue
CapyFin.comConstruction Revenue
CapyFin.comEurope Revenue
CapyFin.comAustralia Revenue
CapyFin.comRevenue by Geographic Location
Europe Revenue
CapyFin.comAustralia Revenue
CapyFin.comUnited States Revenue
CapyFin.com 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.
- Overall market outlook remains subdued with weak demand expected.
Revenue & Expenses
Visualization of income flow from segment revenue to net income