Deere & CompanyNYSE: DE
Industrials · Agricultural & Farm Machinery
$578.49
-1.93%
Vol: 969K
Research Digest
Friday, May 1, 2026
Deere appoints new CFO Brent Norwood effective May 1, 2026, signaling management transition amid 2026 recovery outlook
Deere & Company's Board elevated T. Brent Norwood, 44, to Senior Vice President effective today, bringing 20+ years of company experience in construction and financial roles. The company declared a $1.62 quarterly dividend payable May 8. Management expects 2026 to mark the bottom of the agricultural downturn, with recovery expected to follow. The farm equipment sector faces subdued commodity prices and farmer purchasing power constraints.
Previous Market Intelligence
13 daysApr 30Deere Settles Repair Rights Lawsuit for $99M; Stock Rises 3.5% on April 30Mixed▶
Deere & Co agreed to pay $99M to settle class action "right to repair" lawsuit covering equipment repairs from Jan 2018 onwards. On April 30, DE shares rose 3.5% amid strong Q1 FY2026 performance: net sales +13% to $9.611B with full-year guidance raised (11.6% prior surge). Q2 earnings May 21 expected to show EPS down 12.5% YoY to $5.81 amid $1.2B tariff headwinds and weak ag demand. JPMorgan PT $550. Analyst consensus "Moderate Buy" with mixed signals: tariffs and used-equipment competition offset tech-driven profit growth.
Apr 29Deere reaches $99M settlement on right-to-repair lawsuit, Q1 2026 EPS $2.42Positive▶
Deere & Company settled multidistrict right-to-repair litigation on April 6 for $99 million, resolving class action lawsuit over monopolized repair services. Q1 FY2026 reported net income of $656M ($2.42 EPS) vs $869M ($3.19 EPS) prior year, with net sales rising 13% to $9.611B. Company raised full-year guidance, prompting 11.6% stock surge. Q2 2026 earnings expected May 21 with EPS guidance of $5.81. Goldman Sachs initiated Buy rating on March 23.
Apr 16Deere & Co. agrees to pay $99 million to settle right to repair lawsuit; Jefferies cuts rating to SellNegative▶
John Deere announced a $99 million settlement to resolve a class-action lawsuit accusing the company of monopolizing repair services and withholding repair software between January 2018 and settlement approval. The settlement will compensate farmers who paid Deere or its authorized dealers for repairs during that period. Meanwhile, Jefferies analyst Stephen Volkmann cut his rating on Deere to Sell from Hold, citing concerns over high debt and declining sales growth despite recent earnings strength. The company also faces a recall of approximately 147,900 compact utility tractors due to braking system risks.
Apr 14Deere settles right-to-repair for $99M; stock surges 11.6% on raised FY2026 guidancePositive▶
Settled right-to-repair lawsuit for $99M. Q1 fiscal 2026 sales rose 13% to $9.611B. Raised full-year guidance. Jefferies upgraded.
Apr 13Right-to-repair $99M settlement; new repair tools and EPA flexibilityNeutral▶
John Deere agreed April 6 to pay $99M to settle class-action right-to-repair lawsuit. Rolling out new repair tools/software via Operations Center PRO Service platform with diagnostic, repair functions, AI-powered troubleshooting. EPA guidance allows greater emissions-related repair flexibility. Jefferies upgraded DE to Hold from Underperform April 7.
Apr 10Deere settles right-to-repair litigation; analysts raise FY2026 earnings estimates to $17.69.Positive▶
Deere & Company announced settlement of multidistrict right-to-repair litigation on April 6, 2026. As part of settlement, Deere will support customers with repair tools, manuals, and diagnostic software. Erste Group Bank analysts raised FY2026 earnings estimates to $17.69. Management views 2026 as bottom of farm economy cycle.
Apr 9Deere & Company Reaches $99 Million Right-to-Repair SettlementPositive▶
Deere & Co reached a $99M settlement in the "right-to-repair" litigation, resolving a 2022 lawsuit alleging withholding of repair software. The deal includes additional injunctive relief to strengthen availability of repair resources. Jefferies upgraded DE to Hold from Underperform. Company launched Operations Center PRO Service in July 2025 for enhanced self-repair capabilities across equipment portfolio.
Apr 8Deere settles right-to-repair litigation for $99M with 10-year repair access commitment.Positive▶
Deere settled $99M right-to-repair class action April 6/7 with no finding of wrongdoing. Commits to 10-year digital repair tool availability. Stock at $574.49 (-0.11%). Barclays raised target to $640 from $530 on March 31. Goldman Sachs Buy rating; JPMorgan Hold.
Apr 7Deere settles right-to-repair antitrust case and secures MLB partnership, raising full-year guidance despite near-term agricultural headwinds.Positive▶
Deere settled multidistrict right-to-repair litigation April 6 with no wrongdoing admission, committing class settlement fund and continued customer access to repair resources. Company raised FY2026 guidance post-strong Q1 with net sales up 13% to $9.611B. MLB partnership announced (Official Tractor of MLB) plus manufacturing partnership with Tarter USA for Kentucky-made Frontier Flex Wing Rotary Cutters. Acquired tree planting equipment intellectual property from Finland's Risutec. Stock at $575.09 with P/E of 32.46 and 1.1% dividend yield. Analyst concerns about agricultural softness partially offset by strong backlog. Consensus rating remains positive despite valuation concerns.
Apr 6Deere Q1 FY2026 net income falls to $656M; merit raises frozen on weak commodities and tariffs.Neutral▶
DE Q1 FY2026 net income $656M ($2.42/share), down from $869M YoY; sales +13% to $9.6B. FY2026 net income guidance $4.5-5.0B. Farm economy soft; froze salaried merit raises due to low commodity prices and tariffs. Goldman Sachs initiated Buy. Next earnings May 21.
Apr 3John Deere calls 2026 the bottom of the cycle with Q1 revenue up 13% and full-year net income guidance of $4.5-5.0B.Positive▶
Deere reported Q1 FY2026 net income of $656M ($2.42/share, down 24% YoY) but worldwide net sales increased 13% to $9.611B. CEO John May stated 2026 represents the cycle bottom. Full-year 2026 net income guidance: $4.5-5.0B. Strategic acquisition of tree planting equipment IP from Finland-based Risutec. Goldman Sachs initiated Buy on March 25. Barclays raised price target to $640 from $530 on March 30.
Apr 1Deere raised full-year 2026 guidance after strong Q1 results; CEO John May expects 2026 to represent cycle bottom with accelerated growth ahead.Positive▶
Deere reported strong Q1 fiscal 2026 results with net sales up 13% to $9.611 billion and raised full-year guidance, triggering 11.6% stock price surge. Net income of $656 million. CEO John May expects 2026 to represent bottom of current cycle with strong foundation for accelerated growth. Company announced multi-year MLB sponsorship. Barclays raised price target to $640 with Overweight. Stock trades at $564.05 with 31.32 P/E.
Mar 31Deere reports strong Q1 revenue growth 13% and raises guidance despite tariff headwinds.Positive▶
Deere raised guidance after Q1 net sales up 13% to $9.611B prompting 11.6% stock surge. Net income declined to $656M from tariffs. Dividend $1.62 ex-date March 31. Goldman initiated Buy. Jefferies downgraded to Sell.
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