Full-Time
Design Engineer
AGCO
10,001+ employees
Global agricultural equipment manufacturer and solutions
Compensation Overview
€40k - €50k/yr
Padua, Province of Padua, Italy
Hybrid
Hybrid: 4 onsite days per week at Breganze, 1 day remote; occasional international travel (Europe, US, Brazil).
Bachelor's, Master's
 Mechanical Engineering (1) |
|---|
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- Diploma Perito, Bachelor’s, or master's degree in mechanical engineering.
- 3–5 years of experience in mechanical engineering.
- Background in agricultural machinery and equipment is required.
- Proficient in 3-D and 2-D modeling (ProE preferred) and MS Office tools.
- Skilled in drawing layouts and GD&T methodology.
- Extensive experience in designing and developing sheet metal, castings, fabricated steel structures and mechanisms including welded and bolted assemblies.
- Knowledge of material properties, manufacturing techniques (Design for Manufacturing), failure and root cause analysis, inspection techniques, coatings, and fasteners.
- Ability to justify design decisions with calculations, analysis and written documentation.
- Understanding of crop flow mechanics, finite element analysis, DEM, CFD tools, and linkages.
- Proficiency in designing and specifying sheaves, belts, and bearings.
- Strong and pragmatic problem-solving skills with a positive and collaborative attitude.
- Fluent in English (spoken and written); Italian mother tongue.
- Willingness to participate in field test activities, investigate concerns, identify resolutions, and report results, primarily within European countries.
- Availability for occasional international travel to Europe, the United States, and Brazil.
AGCO designs, manufactures, and sells agricultural machinery and related services for farmers around the world. Its product lineup includes tractors, combines, hay equipment, and other farming gear, along with high-tech smart farming solutions that use sensors, data, and software to optimize field operations and yields. The company operates through a portfolio of global brands and focuses on turning its equipment into a full-service agricultural solution, combining hardware with precision agriculture capabilities. Unlike many peers that rely on a single brand or product line, AGCO grows through acquisitions and now offers a diverse set of brands under one umbrella, enabling a broad reach and a range of specialization from traditional machinery to advanced farming technology. The goal is to help farmers feed a growing world by providing reliable equipment and digital farming tools that improve productivity and efficiency.
Company Size
10,001+
Company Stage
IPO
Headquarters
Duluth, Minnesota
Founded
1990
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Simplify's Take
What believers are saying
- August 3, 2026 promoted Damon Audia into PTx, signaling heavier precision-agriculture investment.
- AGCO's Brazil retrofit autonomy kit showed very strong early feedback, extending automation into sugarcane.
- North America Fendt share gains and 2026 tariff cuts to 15% support pricing and demand.
What critics are saying
- July 30, 2026 cut EPS guidance to $5.50-$5.75 after Q2 sales missed estimates.
- Europe/Middle East sales fell 4.7% in Q2 2026; German demand and dealer inventories weakened.
- Potential European gas shortages and $115 million tariff costs threaten 2026 margins and production.
What makes AGCO unique
- Fendt, Massey Ferguson, Valtra, and PTx create a broad premium-plus-precision portfolio.
- PTx Trimble gives AGCO retrofit autonomy, guidance, and spraying capabilities across mixed fleets.
- AGCO's dealer network and manufacturing footprint span Europe, North America, Latin America, and Asia.
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Benefits
Health Insurance
Flexible Work Hours
401(k) Company Match
Paid Holidays
Paid Vacation
Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↑ 4%2 year growth
↑ 4%AGCO warns gas shortages could impact European production. Potential natural gas and other energy shortages across Europe could disrupt AGCO's production by limiting plant operations and interrupt the supply of critical parts and components, it has warned. In an update on its second-quarter results, AGCO - whose stable of brands includes Fendt, Massey Ferguson, PTx, and Valtra - outlined that it had experienced "a significant shift and mixed market dynamics" so far this year. According to AGCO, it saw a 14% drop year-on-year in operating income for the second quarter (Q2) of 2026, with sales in Europe proving slow. Although it reported $140.7 million in operating income for the quarter, AGCO CEO and chair, Eric Hansotia, said sales in Europe and Latin America "progressed below our expectations". However, he also praised the performance of AGCO brands, which he said had gained "market share in key regions", including the Fendt brand performance in North America. Market demand. AGCO highlighted that its western Europe industry retail tractor sales were 3% higher in the first six months of 2026 than the same time period for 2025. According to the group, this was due to strong growth in the UK, Scandinavia, and Germany. However, Hansotia described industry demand in general as "soft" across multiple markets. Net sales in Europe/Middle East decreased by 4.7% in Q2 2026 compared to Q2 2025, which AGCO blamed on a sales declines across "most European markets". AGCO described income from operations in the second quarter of 2026 as "approximately flat" when compared to the same period in 2025, despite lower sales, resulting in an operating margin of 15%. Hansotia said: "In North America, industry demand remains soft year-over-year, with continued readiness and higher horsepower equipment, as farmers defer larger capital purchases. "Tractor demand showed relative stability year-to-date compared to prior year levels, but weakened during the second quarter." In Brazil, industry demand remained "under pressure", according to Hansotia. "Higher production costs, interest rates, higher credit availability and currency dynamics continue to impact demand, with the greatest effects seen in larger equipment categories," he said. The launch of AGCO's mixed-fleet retrofit autonomy kit in Brazil has led to "very strong early customer feedback" and is extending automation into sugarcane, according to Hansotia. European energy shortages. AGCO has outlined that potential natural gas shortages from ongoing conflicts in Ukraine and the Middle East could negatively impact its brand's production rates in Europe. It detailed that these conflicts have "already driven increased volatility across global energy, logistics and input markets, leading to higher fuel, fertiliser, transportation and input costs, as well as general uncertainty for farmers". According to AGCO, there is a potential for natural gas shortages, as well as shortages in other energy sources, throughout the continent "which could negatively impact our production in Europe both directly and through interrupting the supply of parts and components that we use". "It is unclear how long these conditions will continue, or whether they will worsen, and what the ultimate impact on our performance will be," the group warned. Weather. The group's CEO said lower sales and production volumes combined with higher input costs (including tariffs) had contributed to the last challenging quarter. He also pointed to high temperatures and unstable weather patterns in key markets as another issue for AGCO. "These factors are influencing crop development, yield expectations and ultimately farmers' decision making. "This environment is increasing demand for solutions that help manage costs, improve efficiency and protect yields," he said. Hansotia noted that the "double-digit increases on inputs like fuel and fertiliser pricing" that farmers have experienced had not helped the group. "It is unlikely that farmers will see meaningful relief on these input costs in the near term, which will likely result in many farmers staying conservative on their spending applying less fertiliser, and that increases my optimism for 2027," he added. But in contrast AGCO has updated its forecast for Brazil from 5% below 2025 levels to 5-10% below. Despite the current challenging conditions, it views Brazil as "one of the world's most attractive long-term agricultural markets, supported by expanding crop production, rising global food demand, and favourable long-term fundamentals". Artificial intelligence. According to the group's CEO, Latin America - in particular Argentina - "continues to be a proving ground" for AGCO's artificial intelligence (AI)-enabled planting and sprayer technology. He said on the factory floor, "AI-based vision and inspection and our Fendt transmission and tractor plants in Germany are lifting quality and throughput". "In the field, AI-enabled tools and customer and dealer support are reducing downtime," Hansotia added. The AGCO CEO said the company is deploying tools "responsibly with human oversight", with the aim of applying AI "where it drives both efficiency and growth". Topics.
AGCO aligns leadership to advance PTx(TM) growth strategy. Aug. 4, 2026 AGCO Corporation (NYSE: AGCO) announced a series of executive leadership changes effective August 1, 2026. Damon Audia, previously Senior Vice President, Chief Financial Officer, has been named President of PTx & Corporate Strategy, which encompasses AGCO's precision agriculture business and the enterprise strategy and transformation teams. Indira Agarwal, previously Vice President, Chief Accounting Officer, has been appointed Senior Vice President, Chief Financial Officer. Brian Sorbe, who served as President of PTx, has decided to step away from AGCO to focus on other personal and professional priorities. Damon Audia (left), previously Senior Vice President, Chief Financial Officer of AGCO Corporation, has been named President of PTx & Corporate Strategy, effective August 1, 2026. Indira Agarwal (right), previously Vice President, Chief Accounting Officer of AGCO Corporation, has been appointed Senior Vice President, Chief Financial Officer, effective August 1, 2026. "Damon brings a deep understanding of our business and has partnered across every function to drive growth," said Eric Hansotia, AGCO's Chairman, President & CEO. "He has led significant transformation initiatives, including the formation of AGCO's PTx Trimble(TM) Joint Venture, and serves as the Chairman of the PTx Trimble Joint Venture Board. His strong Farmer-First focus will help drive long-term, profitable growth for our precision ag business. I also want to thank Brian for his many contributions to AGCO and PTx(TM) and wish him well for the future." PTx is central to AGCO's growth strategy, bringing together the company's precision agriculture technology solutions and a significant opportunity to create more value for farmers as the trusted partner for industry-leading, smart farming solutions. Audia currently leads corporate strategy, which will move with him to PTx to help support one of AGCO's most important growth levers. Agarwal, who succeeds Audia as Chief Financial Officer, joined AGCO in 2024 as Chief Accounting Officer, where she has strengthened the rigor, speed and transparency of AGCO's financial reporting and deepened the controls that protect the company and its shareholders. Agarwal has also helped drive AGCO's transformation efforts focused on improving efficiency, strengthening structural profitability and advancing strategic Mergers & Acquisitions (M&A). "Indira has been an outstanding leader for AGCO," said Hansotia. "She brings vast global experience and deep expertise across accounting, financial reporting and M&A, along with a strong continuous-improvement mindset. She has earned the trust of her colleagues, our executive team and our Board, and I am confident she will provide strong leadership as we continue to execute our strategy and create value for our shareholders. Damon and Indira have worked closely together, and this transition places two experienced enterprise leaders in roles where their strengths are closely aligned with AGCO's next phase of growth." Agarwal will also continue to lead AGCO's accounting organization as Chief Accounting Officer while the company conducts a search for a successor. Audia served as AGCO's Chief Financial Officer since 2022, overseeing accounting, tax, treasury, M&A, Financial Planning & Analysis (FP&A), corporate reporting, strategy, investor relations, audit and communications. He previously held senior finance roles at Kennametal, Carpenter Technology Corporation and The Goodyear Tire & Rubber Company, as well as earlier financial leadership positions at Delphi Corporation and General Motors. He holds a Master of Business Administration (MBA) degree from Carnegie Mellon University and an undergraduate degree in general studies from the University of Michigan. Agarwal brings more than 20 years of experience in corporate accounting, financial reporting, M&A and business integration, financial controls and regulatory compliance. Prior to joining AGCO, she served as Vice President, Chief Accounting Officer and Controller of HF Sinclair Corporation and also led the company's FP&A organization. She previously held progressive finance leadership roles at HF Sinclair, Cardtronics and Direct Energy. She holds a bachelor's degree in finance from Delhi University and is a Fellow of the Association of Chartered Certified Accountants (U.K.).
AGCO aligns leadership to advance PTx(TM) growth strategy. Aug 03, 2026, 08:01 ET Damon Audia to lead PTx & Corporate Strategy; Indira Agarwal appointed Senior Vice President, Chief Financial Officer DULUTH, Ga., Aug. 3, 2026 /PRNewswire/ - AGCO Corporation (NYSE: AGCO) today announced a series of executive leadership changes effective August 1, 2026. Damon Audia, previously Senior Vice President, Chief Financial Officer, has been named President of PTx & Corporate Strategy, which encompasses AGCO's precision agriculture business and the enterprise strategy and transformation teams. Indira Agarwal, previously Vice President, Chief Accounting Officer, has been appointed Senior Vice President, Chief Financial Officer. Brian Sorbe, who served as President of PTx, has decided to step away from AGCO to focus on other personal and professional priorities. "Damon brings a deep understanding of our business and has partnered across every function to drive growth," said Eric Hansotia, AGCO's Chairman, President & CEO. "He has led significant transformation initiatives, including the formation of AGCO's PTx Trimble(TM) Joint Venture, and serves as the Chairman of the PTx Trimble Joint Venture Board. His strong Farmer-First focus will help drive long-term, profitable growth for our precision ag business. I also want to thank Brian for his many contributions to AGCO and PTx(TM) and wish him well for the future." PTx is central to AGCO's growth strategy, bringing together the company's precision agriculture technology solutions and a significant opportunity to create more value for farmers as the trusted partner for industry-leading, smart farming solutions. Audia currently leads corporate strategy, which will move with him to PTx to help support one of AGCO's most important growth levers. Agarwal, who succeeds Audia as Chief Financial Officer, joined AGCO in 2024 as Chief Accounting Officer, where she has strengthened the rigor, speed and transparency of AGCO's financial reporting and deepened the controls that protect the company and its shareholders. Agarwal has also helped drive AGCO's transformation efforts focused on improving efficiency, strengthening structural profitability and advancing strategic Mergers & Acquisitions (M&A). "Indira has been an outstanding leader for AGCO," said Hansotia. "She brings vast global experience and deep expertise across accounting, financial reporting and M&A, along with a strong continuous-improvement mindset. She has earned the trust of her colleagues, our executive team and our Board, and I am confident she will provide strong leadership as we continue to execute our strategy and create value for our shareholders. Damon and Indira have worked closely together, and this transition places two experienced enterprise leaders in roles where their strengths are closely aligned with AGCO's next phase of growth." Agarwal will also continue to lead AGCO's accounting organization as Chief Accounting Officer while the company conducts a search for a successor. Audia served as AGCO's Chief Financial Officer since 2022, overseeing accounting, tax, treasury, M&A, Financial Planning & Analysis (FP&A), corporate reporting, strategy, investor relations, audit and communications. He previously held senior finance roles at Kennametal, Carpenter Technology Corporation and The Goodyear Tire & Rubber Company, as well as earlier financial leadership positions at Delphi Corporation and General Motors. He holds a Master of Business Administration (MBA) degree from Carnegie Mellon University and an undergraduate degree in general studies from the University of Michigan. Agarwal brings more than 20 years of experience in corporate accounting, financial reporting, M&A and business integration, financial controls and regulatory compliance. Prior to joining AGCO, she served as Vice President, Chief Accounting Officer and Controller of HF Sinclair Corporation and also led the company's FP&A organization. She previously held progressive finance leadership roles at HF Sinclair, Cardtronics and Direct Energy. She holds a bachelor's degree in finance from Delhi University and is a Fellow of the Association of Chartered Certified Accountants (U.K.). PTx and PTx Trimble are trademarks of AGCO. About AGCO AGCO (NYSE: AGCO) is a global leader in agricultural machinery and precision agriculture technologies. Driven by a Farmer-First strategy, AGCO delivers value through its differentiated leading brands, Fendt(TM), Massey Ferguson(TM), PTx(TM) and Valtra(TM). AGCO's high-performance equipment and smart farming solutions, including brand-agnostic retrofit technologies and autonomous offerings, empower farmers to drive productivity while sustainably feeding the world. For more information, visit www.agcocorp.com. SOURCE AGCO Corporation
Zacks Research has strong estimate for AGCO FY2026 earnings. July 31, 2026 Key points. * Zacks Research raised AGCO's FY2026 EPS estimate to $5.95 from $5.91, although it remains below the $6.20 analyst consensus and the company's reduced guidance of $5.50-$5.75. * AGCO's second-quarter results missed expectations, with EPS of $1.43 versus $1.48 expected and revenue of $2.61 billion versus $2.74 billion; revenue declined 1% year over year amid weaker farm-equipment demand and margin pressure. * Shares opened at $107.26 after falling 7.7%, while analysts maintained a consensus "Hold" rating and an average price target of $129.64. AGCO also declared a quarterly dividend of $0.30, implying a 1.1% annualized yield. * Interested in AGCO? Here are five stocks we like better. AGCO Corporation (NYSE:AGCO - Free Report) - Research analysts at Zacks Research increased their FY2026 earnings estimates for shares of AGCO in a report released on Wednesday, July 29th. Zacks Research analyst Team now forecasts that the industrial products company will post earnings per share of $5.95 for the year, up from their prior estimate of $5.91. The consensus estimate for AGCO's current full-year earnings is $6.20 per share. Zacks Research also issued estimates for AGCO's Q1 2028 earnings at $2.00 EPS. A number of other research firms have also issued reports on AGCO. JPMorgan Chase & Co. lowered their target price on AGCO from $143.00 to $130.00 and set an "overweight" rating for the company in a research note on Monday, July 13th. Oppenheimer set a $134.00 price target on AGCO in a research report on Wednesday, May 6th. Weiss Ratings cut AGCO from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday, May 27th. Truist Financial increased their price objective on shares of AGCO from $152.00 to $159.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Finally, DA Davidson initiated coverage on shares of AGCO in a research note on Friday, July 10th. They set a "buy" rating and a $160.00 price objective on the stock. Four investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, AGCO has an average rating of "Hold" and a consensus target price of $129.64. AGCO trading down 7.7%. Shares of AGCO opened at $107.26 on Friday. The stock's 50-day moving average is $115.14 and its two-hundred day moving average is $118.64. The stock has a market cap of $7.77 billion, a PE ratio of 10.34, a P/E/G ratio of 0.86 and a beta of 1.07. AGCO has a 12 month low of $99.21 and a 12 month high of $143.78. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.29 and a quick ratio of 0.57. Discover more AI Stocks Report Stock Profit Calculator AGCO (NYSE:AGCO - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.48 by ($0.05). AGCO had a return on equity of 9.99% and a net margin of 7.43%.The business had revenue of $2.61 billion for the quarter, compared to analysts' expectations of $2.74 billion. During the same period last year, the company posted $1.35 earnings per share. The firm's revenue for the quarter was down 1.0% on a year-over-year basis. AGCO has set its FY 2026 guidance at 5.500-5.750 EPS. Institutional investors weigh in on AGCO. Several hedge funds and other institutional investors have recently bought and sold shares of AGCO. GAMMA Investing LLC lifted its position in shares of AGCO by 5.0% during the second quarter. GAMMA Investing LLC now owns 1,963 shares of the industrial products company's stock worth $235,000 after purchasing an additional 94 shares during the last quarter. UMB Bank n.a. grew its stake in AGCO by 16.8% in the fourth quarter. UMB Bank n.a. now owns 759 shares of the industrial products company's stock worth $79,000 after purchasing an additional 109 shares in the last quarter. Signaturefd LLC increased its holdings in AGCO by 30.1% in the fourth quarter. Signaturefd LLC now owns 506 shares of the industrial products company's stock valued at $53,000 after buying an additional 117 shares during the last quarter. Choreo LLC increased its holdings in AGCO by 2.0% in the fourth quarter. Choreo LLC now owns 6,533 shares of the industrial products company's stock valued at $684,000 after buying an additional 128 shares during the last quarter. Finally, Gateway Investment Advisers LLC raised its stake in AGCO by 6.1% during the fourth quarter. Gateway Investment Advisers LLC now owns 2,367 shares of the industrial products company's stock valued at $247,000 after buying an additional 137 shares in the last quarter. 78.80% of the stock is currently owned by hedge funds and other institutional investors. Insider activity at AGCO. In related news, major shareholder & Farm Equipment Ltd Tractors sold 422,590 shares of the stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $123.28, for a total value of $52,096,895.20. Following the completion of the transaction, the insider owned 3,149,820 shares of the company's stock, valued at approximately $388,309,809.60. This represents a 11.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.62% of the company's stock. AGCO dividend announcement. The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a $0.30 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. AGCO's payout ratio is 11.57%. AGCO news roundup. Here are the key news stories impacting AGCO this week: * Positive Sentiment: AGCO reported adjusted second-quarter EPS of $1.43, up from $1.35 a year earlier, and analysts continue to project earnings growth beyond 2026. Zacks Research modestly raised its FY2028 EPS estimate to $9.19 from $9.16. AGCO Reports Second-Quarter Results * Positive Sentiment: The company's valuation may provide some support, with the stock trading at roughly 10 times earnings and several analysts' price targets remaining above its recent trading level. However, these targets may not yet reflect the reduced guidance. * Neutral Sentiment: Management discussed the operating environment and outlook during the second-quarter earnings call, offering investors additional detail on demand trends, cost actions and the path to recovery. AGCO Q2 2026 Earnings Call Transcript * Negative Sentiment: Second-quarter revenue fell 1.0% year over year to approximately $2.61 billion, below estimates ranging from roughly $2.75 billion to $2.81 billion. Adjusted EPS of $1.43 also missed consensus estimates of approximately $1.47 to $1.54. AGCO Lags Q2 Earnings and Revenue Estimates * Negative Sentiment: AGCO cut its 2026 adjusted EPS outlook to approximately $5.50-$5.75 from expectations near $5.99, while revenue guidance of $10.1-$10.2 billion is below the roughly $10.6 billion consensus. The reduction reflects softer farm-equipment demand, margin pressure and tariff costs. AGCO Cuts 2026 Outlook * Negative Sentiment: Zacks Research reduced several 2027 estimates, including FY2027 EPS to $7.63 from $7.97, suggesting analysts expect the demand weakness to persist beyond the current year. AGCO company profile. AGCO Corporation is a global leader in the design, manufacture and distribution of agricultural machinery and precision farming solutions. Headquartered in Duluth, Georgia, the company markets a diverse portfolio of well-known brands, including Massey Ferguson, Fendt, Challenger, Valtra and GSI, serving farmers and producers in North America, South America, Europe, the Middle East, Africa and Asia Pacific. Through an extensive dealer network, AGCO provides equipment tailored to a broad range of crop and livestock operations. The company's product offerings span tractors, combine harvesters, hay and forage tools, application equipment, seeding and tillage implements, as well as grain storage and protein solutions. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider AGCO, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AGCO wasn't on the list. While AGCO currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Robotics and automation are rapidly becoming essential infrastructure across healthcare, manufacturing, logistics, and many other industries. 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AGCO reported second-quarter net sales of $2.6 billion, down 1% year-over-year, with adjusted earnings per share of $1.43. The agricultural equipment manufacturer cited rising uncertainty around input costs and demand, prompting farmers to take a more cautious approach to equipment purchases. CEO Eric Hansotia said the company is taking decisive actions to align production with retail demand and manage inventory levels. AGCO is adjusting its full-year outlook due to weaker-than-expected industry conditions and currency fluctuations, targeting adjusted earnings per share of approximately $5.50-$5.75. The company completed $345 million of share repurchases during the quarter. Regional performance varied, with North America sales up 19.8% on a constant currency basis, whilst Latin America declined 25%. For 2026, AGCO expects net sales between $10.1-$10.2 billion with adjusted operating margins of about 7.5%.