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Feb 01
Deere Q1 2026 Earnings Report
Deere reported higher revenue in Q1 2026, driven by strong performance in Construction & Forestry and Small Ag & Turf, while net income declined year-over-year.
Key Takeaways
Deere & Company generated $9.611 billion in net sales and revenues for the first quarter of fiscal 2026, up 13% year-over-year. Net income attributable to Deere & Company declined to $656 million, primarily reflecting lower profitability in Production & Precision Agriculture, partially offset by strength in Construction & Forestry and Small Ag & Turf.
Net sales and revenues increased 13% year-over-year to $9.611 billion.
Net income attributable to Deere & Company declined 25% to $656 million.
Construction & Forestry net sales rose 34% with operating margin expanding to 5.1%.
Small Ag & Turf net sales grew 24% with operating margin improving to 9.0%.
Revenue by Segment
Forward Guidance
For fiscal 2026, Deere forecasted net income attributable to Deere & Company in the range of $4.5 billion to $5.0 billion, supported by improved demand in construction and small agriculture markets.
Positive Outlook
- Fiscal 2026 net income guidance of $4500000000 to $5000000000.
- Small Ag & Turf net sales expected to increase approximately 15% for the full year.
- Construction & Forestry net sales expected to increase approximately 15% for the full year.
- Financial Services full-year net income forecast of approximately $840000000.
- Industry outlook indicates growth in U.S. and Canada construction equipment markets.
Challenges Ahead
- Production & Precision Agriculture net sales expected to decline 5% to 10% for fiscal 2026.
- Large agriculture industry in U.S. and Canada projected to decline 15% to 20%.
- South America agriculture market expected to decline approximately 5%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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