Agricultural finance company Farmer Mac (NYSE:AGM) reported Q2 CY2026 results topping the market's revenue expectations , with sales up 33.2% year on year to $125.2 million. Its non-GAAP profit of $5.40 per share was 11% above analysts' consensus estimates.
Is now the time to buy Farmer Mac? Find out in our full research report .
Farmer Mac (AGM) Q2 CY2026 Highlights:
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Revenue:$125.2 million vs analyst estimates of $113.5 million (33.2% year-on-year growth, 10.3% beat)
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Pre-tax Profit:$81.84 million (65.4% margin)
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Adjusted EPS:$5.40 vs analyst estimates of $4.87 (11% beat)
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Market Capitalization:$2.26 billion
"Farmer Mac delivered record second quarter results, with business volume, revenue, and core earnings all reaching all-time highs, a testament to the strength of our mission-driven franchise and the disciplined execution of our strategy across every part of our business," said Zachary Carpenter, President and Chief Executive Officer.
Company Overview
Created by Congress in 1987 to build a bridge between Wall Street and rural America, Farmer Mac (NYSE:AGM) provides a secondary market for agricultural and rural loans, helping lenders increase their liquidity and lending capacity to serve rural America.
Revenue Growth
Examining a company's long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but many enduring ones grow for years. Over the last five years, Farmer Mac grew its revenue at a solid 13.3% compounded annual growth rate. Its growth beat the average financials company and shows its offerings resonate with customers.
We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. Farmer Mac's annualized revenue growth of 7.9% over the last two years is below its five-year trend, but we still think the results were respectable.
This quarter, Farmer Mac reported wonderful year-on-year revenue growth of 33.2%, and its $125.2 million of revenue exceeded Wall Street's estimates by 10.3%.
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Key Takeaways from Farmer Mac's Q2 Results
We were impressed by how significantly Farmer Mac blew past analysts' revenue expectations this quarter. We were also glad its EPS outperformed Wall Street's estimates. Zooming out, we think this was a solid print. The stock traded up 1.6% to $223.98 immediately after reporting.
Farmer Mac put up rock-solid earnings, but one quarter doesn't necessarily make the stock a buy. Let's see if this is a good investment. What happened in the latest quarter matters, but not as much as longer-term business quality and valuation, when deciding whether to invest in this stock. We cover that in our actionable full research report which you can read here, it's free .
