Titan Machinery Inc. (NASDAQ: TITN) Q1 2026 Earnings | May 22, 2025

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Titan Machinery Inc. (NASDAQ: TITN), a leading network of full-service agricultural and construction equipment stores, reported its Q1 fiscal 2026 results on May 22, 2025, reflecting a challenging market environment and continued headwinds in the agricultural sector. Total revenue for the quarter declined 5.5% year-over-year to $594.3 million, primarily due to weaker equipment sales in agriculture, which were impacted by soft farm profitability and high interest rates. Equipment revenue dropped to $436.8 million, parts revenue to $105.6 million, and service revenue to $44.0 million, while rental and other revenue increased to $7.9 million. Gross profit for the quarter fell sharply to $90.9 million, with a gross profit margin of 15.3%, down from 19.4% a year ago, mainly due to lower equipment margins and ongoing inventory reduction initiatives. The company posted a net loss of $13.2 million, or $0.58 per share, compared to net income of $9.4 million, or $0.41 per share, in the prior-year period. Operating expenses were $96.4 million, slightly lower in absolute terms but higher as a percentage of revenue. Despite the loss, Titan Machinery outperformed analyst revenue expectations and improved cash flow from operations to $6.2 million, reflecting better inventory management. The Europe segment was a bright spot, with revenue rising 44.2% to $93.9 million, driven by strong demand and EU stimulus programs. President Bryan Knutson reaffirmed the company’s focus on disciplined inventory management and customer care, while maintaining a cautious outlook for the remainder of the fiscal year given persistent industry challenges. Outlook: Cautious full-year outlook amid weak farm profitability and subdued retail environment Continued focus on inventory reduction and margin stabilization Europe segment expected to remain resilient; ongoing strategic investments in operations About Inside Ticker: For more expert analysis and real-time updates on Titan Machinery Inc. (NASDAQ: TITN) and other market movers, follow Inside Ticker and visit InsideTicker.com for in-depth reports, financial insights, and the latest news on leading companies. #TitanMachinery #TITN #Q12026 #Earnings #Agriculture #Construction #FinancialResults #EquipmentSales #InventoryManagement #InsideTicker