Deere & CompanyNYSE: DE
Industrials · Agricultural & Farm Machinery
$590.67
+0.37%
Vol: 751K
Research Digest
Thursday, June 18, 2026
Deere beat fiscal Q2 estimates with $6.55 EPS on $13.4B revenue and held its FY26 net income outlook at $4.5-$5.0B, with construction & forestry up 29%.
Deere & Company reported fiscal Q2 2026 net income of $1.773 billion ($6.55/share) on revenues of $13.369 billion, beating analyst expectations. Construction & forestry sales surged 29% and small ag & turf rose 16%, partially offsetting a 14% decline in production & precision ag. Management maintained its full-year net income outlook of $4.5-$5.0 billion. John Deere Financial posted an 18% rise in Q2 net income. The company declared a quarterly dividend of $1.62/share (ex-date June 30). A new antitrust lawsuit filed by Chicago landscaper Christy Webber & Co. accuses Deere of monopolizing repair services for construction/forestry equipment. The stock closed at $588.47 on June 17, up 0.54%.
Previous Market Intelligence
13 daysJun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Deere reports Q2 net income of $1.77B and reiterates FY26 outlook of $4.5-$5.0B as construction strength offsets soft farm equipment demand.Mixed▶
Deere & Company reported Q2 fiscal 2026 net income of $1.773 billion, or $6.55 per share, vs. $1.804 billion ($6.64) a year ago, with worldwide net sales and revenues up 5% to $13.369 billion. Management reiterated its FY2026 net income guidance of $4.5-$5.0 billion, with construction and forestry gains offsetting continued weakness in the agricultural economy. Growth was led by improved demand in small agriculture and construction segments, while large farm equipment demand remained soft as weak crop prices and rising costs led farmers to extend usage of existing machinery. The Q2 2026 earnings call is set for May 21, 2026. The Board of Directors elected Brent Norwood, 44, as senior vice president and CFO effective May 1; Norwood has 20+ years at Deere, most recently leading finance for Construction & Forestry and John Deere Power Systems. Average analyst price target: $665.10 vs. current ~$557-$575.
May 20Deere set to report Q2 earnings May 21 with analysts expecting 12.5% EPS decline; Norwood elected new CFO.Mixed▶
Deere & Company is scheduled to report fiscal Q2 2026 earnings on May 21, 2026, with Wall Street modeling EPS of $5.81 (down 12.5% YoY) on revenue of $11.44 billion (+2.4%), reflecting continued pressure in the agriculture cycle. Separately, Deere's board elected Brent Norwood, 44, as senior VP and CFO effective May 1, a generational change after 20+ years of internal experience. The company also reached a settlement in the multidistrict 'right to repair' litigation with no finding of wrongdoing, though new right-to-repair lawsuits on the lawn/construction side continue to emerge. Shares last closed at $564.49 with an average analyst price target of $668.96 (19.2% upside) and a Street-high of $793. Risk: agricultural commodity softness and the Q2 print could drive volatility given expected profit decline.
May 19Deere shares decline ahead of May 21 Q2 earnings amid tariff cost concerns and subdued ag cycleMixed▶
Deere & Company (DE) stock fell 3.04% on May 15, 2026 as investors grew cautious ahead of the May 21 Q2 2026 earnings call. Analysts project a 12.5% decline in EPS as tariff costs and a subdued agricultural cycle pressure profits, with farmers facing low commodity prices and high input costs that are dampening machinery demand. The company recently appointed Brent Norwood as Senior Vice President and CFO effective May 1, with over 20 years of experience at Deere. Risk: Deere has indicated 2026 may mark the bottom of the large agricultural cycle, suggesting no immediate recovery, though analyst consensus estimates have ticked up 0.2% over the past 90 days. DE remains up 20.4% year-to-date despite recent weakness.
May 18Deere heads into Q2 fiscal 2026 earnings on May 21 with analysts expecting 12.5% EPS decline despite revenue growth amid tariff and farm-economy pressures.Neutral▶
Deere & Company will report its second-quarter fiscal 2026 results on Thursday, May 21 at 9:00 a.m. CT. Consensus estimates for fiscal 2026 EPS have risen 0.2% over the past 90 days, though analysts still project a roughly 12.5% year-over-year earnings decline as tariff pressures and a weak farm economy weigh on margins. The company has guided fiscal 2026 net income to a $4.5-$5.0 billion range. Q1 fiscal 2026 EPS was $2.42 versus the $1.90 consensus on $9.61 billion in revenue (up 17.5% YoY). DE shares are down 1.2% over the past month, underperforming the S&P 500's 8.8% gain over the same period.
May 15Deere reports Q2 2026 earnings May 21 with consensus EPS $5.81 as new CFO Brent Norwood transitions inNeutral▶
Deere will report Q2 FY26 results on May 21 at 9:00 a.m. CT, with consensus expectations of EPS $5.81 (down 12.5% YoY) on revenue of $11.44B (up 2.4% YoY). Brent Norwood took over as CFO and SVP effective May 1 after 20+ years at the company, most recently leading finance for Construction & Forestry and John Deere Power Systems. Management has signaled 2026 will likely mark the bottom of the large ag cycle, with growth expected in small ag/turf and construction/forestry but ongoing tariff and margin pressures. Stock is up 26.2% YTD but has slipped 2.6% in the past month. Q1 EPS of $2.42 beat the $1.90 consensus on $9.61B revenue (up 17.5% YoY).
May 14Deere shares traded at $589.14 on May 12 ahead of the May 21 Q2 FY26 earnings call, with consensus estimates edging higher amid CFO transition.Neutral▶
Deere & Co. confirmed it will report Q2 fiscal 2026 results on May 21 at 9 a.m. Central, with analysts nudging consensus estimates up modestly (0.2% over 90 days). Brent Norwood, 44, formally took over as senior VP and CFO effective May 1, having previously led finance for the Construction & Forestry and John Deere Power Systems divisions. Why it matters: the report follows a Q1 print that delivered net sales +13% YoY to $9.611B and triggered an 11.6% stock surge; investors are watching whether raised guidance still holds amid soft commodity prices and farm-equipment cycle concerns. Risk: DE has underperformed the S&P over the past month (-1.2% vs +8.8%), suggesting caution on near-term ag-demand. No 48-hour catalyst beyond pre-earnings positioning.
May 13Deere set to report Q2 FY2026 earnings May 21 after Q1 EPS beat of $2.42 and raised full-year net income guidance to $4.5B-$5.0B.Positive▶
Deere & Company will announce Q2 FY2026 earnings on May 21, 2026 at 9:00 a.m. Central. Q1 FY2026 EPS came in at $2.42, beating consensus of $1.90 by $0.52, with revenue up 17.5% YoY to $9.61B. The company raised full-year net income guidance to $4.5B-$5.0B from $4.0B-$4.75B, prompting an 11.6% stock surge. CEO John May said 2026 represents the bottom of the current cycle. Brent Norwood was named new CFO effective May 1, replacing Josh Jepsen who departed for Honeywell Aerospace. Deere also settled its multi-year "right to repair" class action for $99M in April.
May 12Deere named Brent Norwood CFO effective May 1 and will report Q2 FY26 results on May 21, following a Q1 beat with EPS of $2.42 vs. $1.90 consensus.Neutral▶
Deere appointed Brent Norwood, 44, as Senior VP and CFO effective May 1, 2026; he had been VP and finance director for the Construction & Forestry division. Deere will release Q2 FY26 results on May 21 at 9:00 a.m. Central. Q1 FY26 EPS was $2.42 (consensus $1.90) on revenue of $9.61B, up 17.5% YoY versus $7.50B consensus. The board declared a quarterly dividend of $1.62 per share payable May 8 to record-date holders of March 31. Of analysts covering DE, 13 rate it Buy and 0 Sell, with an average price target of $655.45 versus a recent price near $591.
May 11Deere & Co. preparing for Q2 2026 earnings call on May 21 following CFO appointment of Brent Norwood effective May 1.Neutral▶
Deere will report Q2 2026 results on May 21, 2026 at 9:00 a.m. Central Time. The company recently appointed Brent Norwood, 44, as senior VP and chief financial officer effective May 1. Deere entered Q2 with momentum from a Q1 beat with EPS of $2.42 (vs $1.90 consensus) and revenue rising 17.5% YoY to $9.61B. The 2026 outlook suggests no farm economy uptick yet, with management calling 2026 the bottom. John Deere is also celebrating America's 250th anniversary as an MLB partner this summer.
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