Deere Q2 net income slips 2% to $1.773 billion as revenue rises 5%
Deere & Company reported second-quarter fiscal 2026 net income of $1.773 billion, or $6.55 per diluted share, down from $1.804 billion, or $6.64 per share, a year earlier, while net sales and revenues rose 5% to $13.369 billion. The company maintained its fiscal 2026 net income forecast of $4.5 billion to $5.0 billion, so shareholders see steady profit guidance alongside a year-over-year profit decline led by Production & Precision Agriculture.
Key points
- Q2 net income was $1.773 billion ($6.55 per diluted share), down 2% from $1.804 billion ($6.64 per share); six-month net income was $2.429 billion, down 9%.
- Production & Precision Agriculture net sales fell 14% to $4.503 billion and operating profit fell 39% to $706 million.
- Small Agriculture & Turf net sales rose 16% to $3.485 billion and Construction & Forestry net sales rose 29% to $3.790 billion.
- Fiscal 2026 net income is forecast at $4.5 billion to $5.0 billion, which the company said it maintained; the prior-year period included a $272 million IEEPA tariff refund recovery.
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 May 21, 2026.
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.