Titan Machinery Revenue Falls 14% in Q2
Titan Machinery (NASDAQ:TITN), a major U.S.-based dealer of agricultural and construction equipment, reported its second-quarter fiscal 2026 results on August 28, 2025. The quarter’s earnings reflected sharp declines in revenue and ongoing margin pressure, with consolidated GAAP revenue of $546.4 million coming in below expectations and dropping 13.8% compared to the same period last year. Adjusted earnings per share (EPS) swung to a $0.26 loss, a notable reversal from the $0.17 EPS profit a year ago. The company’s results missed estimates, reflecting weaker equipment demand, especially in its core North American agricultural segment. Overall, the quarter illustrated meaningful progress on inventory and cost controls but also exposed ongoing profitability challenges, with continued losses and margin erosion.
Titan Machinery operates one of the largest networks of agricultural and construction equipment dealerships in the United States, while also expanding its reach into Europe and Australia. Its core business revolves around selling new and used equipment, providing parts, delivering repair and maintenance services, and offering equipment rentals. The company earns the majority of its revenue from equipment sales but also benefits from stable, recurring revenue through its service and parts businesses.
In recent years, Titan Machinery has emphasized several strategic priorities to maintain its position in the market. Key elements include its longstanding partnership with manufacturer CNH Industrial, growth through acquisitions that broaden its geographic reach, diversification of its product and service lines, and a strong focus on centralized inventory management. Stability in its service and parts operations has become even more important as equipment sales have become more volatile, especially during cyclical downturns.
Source Fool.com
