Deere Q4 net income falls 14% to $1.065 billion as sales rise 11%
Deere reported fourth-quarter fiscal 2025 net income of $1.065 billion, or $3.93 per share, down from $1.245 billion, or $4.55 per share, a year earlier, while net sales and revenues rose 11% to $12.394 billion. For fiscal 2026, the company forecasts net income of $4.00 billion to $4.75 billion, compared with $5.027 billion for fiscal 2025, and says 2026 will mark the bottom of the large ag cycle.
Key points
- Q4 net income $1.065 billion ($3.93 per diluted share) vs. $1.245 billion ($4.55) a year earlier
- Q4 net sales and revenues $12.394 billion, up 11%; full-year revenue $45.684 billion, down 12%
- Q4 included a $95 million pretax litigation accrual tied to a consolidated antitrust class action
- Fiscal 2026 net income forecast of $4.00 billion to $4.75 billion; large ag U.S. & Canada industry outlook down 15 to 20%
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 26, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.