Titan Machinery Inc.

Titan Machinery Inc. Announces Results for Fiscal Second Quarter Ended July 31, 2026

• Gross Margin Expanded 150 bps y/y as Inventory Actions Continue to Drive Margin Recovery -

• Updates Fiscal 2027 Segment Modeling Assumptions; Reaffirms Profitability Outlook -

West Fargo, ND – August 27, 2026 – Titan Machinery Inc. (Nasdaq: TITN) ("Titan" or the "Company"), a leading network of full-service agricultural and construction equipment stores, today reported financial results for the fiscal second quarter ended July 31, 2026.

"Our fiscal 2027 second quarter results reflect continued progress on improving inventory health, with equipment margins in our Agriculture segment coming in modestly ahead of our expectations for the quarter, which are helping drive a lift in consolidated gross margin in the face of a difficult revenue environment," stated Bryan Knutson, Titan Machinery's President and Chief Executive Officer. "At the same time, overall demand across our North American Agriculture business played out largely as we anticipated and fundamentals are suggesting that calendar year 2026 could be the bottom of this cycle. Our team remains focused on the areas within our control and I'm confident that the actions we have taken over the past two years position Titan favorably as agricultural fundamentals eventually recover."