Overview

* Titan Machinery ( TITN ) fiscal Q2 revenue of $546.4 mln beats analyst expectations

* Adjusted EPS loss of $0.26 beats estimates, per LSEG data

* Agricultural equipment maker on track to exceed $100 mln inventory reduction target for fiscal 2026

Outlook

* Titan Machinery ( TITN ) expects Europe revenue to rise 30%-40% in fiscal 2026

* Company narrows adjusted diluted loss per share to ($1.50) - ($2.00)

* Titan Machinery ( TITN ) aims to exceed $100 mln inventory reduction target by fiscal year-end

* Company sees agriculture revenue down 15%-20% in fiscal 2026

Result Drivers

* INVENTORY MANAGEMENT - Titan Machinery ( TITN ) focused on optimizing inventory amid weak demand, with a modest increase in inventory due to timing of OEM shipments

* EUROPEAN GROWTH - Revenue in Europe increased significantly, driven by EU stimulus programs, despite overall revenue decline

* AGRICULTURE CHALLENGES - Agricultural segment revenue declined due to lower commodity prices and high interest rates impacting farmer profitability

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $546.40 $503.80

Revenue mln mln (5

Analysts

)

Q2 Beat -$0.26 -$0.53

Adjusted (4

EPS Analysts

)

Q2 Net -$6 mln

Income

Q2 Gross 17.1%

Margin

Q2 Gross $93.60

Profit mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the heavy machinery & vehicles peer group is "buy"

* Wall Street's median 12-month price target for Titan Machinery Inc ( TITN ) is $24.00, about 12.5% above its August 27 closing price of $21.01

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)