Quarterly ResultMay 21, 2026, 06:08 AM
Deere Q2 Net Sales +5% to $13.37B; Net Income $1.77B, down 2%
AI Summary
Deere & Company reported mixed results for the second quarter of fiscal 2026. Worldwide net sales and revenues increased 5% to $13.369 billion, while net income attributable to Deere & Company decreased 2% to $1.773 billion. Diluted EPS was $6.55, down from $6.64 in the prior year. The company maintained its fiscal 2026 net income guidance in the range of $4.5 billion to $5.0 billion, citing strong execution in Small Ag and Construction & Forestry divisions despite challenges in global agricultural markets.
Key Highlights
- Q2 2026 worldwide net sales and revenues increased 5% to $13.369 billion.
- Q2 2026 net income attributable to Deere & Company decreased 2% to $1.773 billion.
- Q2 2026 diluted EPS was $6.55, down from $6.64 in Q2 2025.
- Fiscal 2026 net income guidance maintained at $4.5 billion to $5.0 billion.
- Small Agriculture & Turf net sales rose 16% and operating profit increased 25% in Q2.
- Construction & Forestry net sales grew 29% and operating profit surged 48% in Q2.
- Production & Precision Agriculture net sales decreased 14% and operating profit fell 39% in Q2.
- Financial Services net income increased 18% to $190 million in Q2.
Price Impact
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