Deere & Company Q2 2026 Earnings Release

Deere & Company reported net income of $1.773 billion for the second quarter of fiscal 2026, or $6.55 per share, a slight decrease from $1.804 billion, or $6.64 per share, in the same period last year. For the first six months, net income was $2.429 billion, or $8.97 per share, down from $2.673 billion, or $9.82 per share, in the prior year. Worldwide net sales and revenues increased by 5% to $13.369 billion for the quarter and by 8% to $22.981 billion for the six-month period. The company maintained its net income guidance for fiscal year 2026, projecting a range of $4.5 billion to $5.0 billion, reflecting confidence amidst market volatility and a focus on long-term growth through investment in new products and technology. The Small Ag and Turf and Construction & Forestry divisions showed strong performance, with sales increasing by 16% and 29% respectively for the quarter, while the Production & Precision Ag division saw a 14% decrease in net sales.