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AI Research

Q1 2026 EPS $2.42 vs $2.02 expected → 2026 guidance raised to $4.5-$5B net income

Deere reported Q1 2026 EPS of $2.42, significantly beating the $2.02 forecast, with revenue of $9.61 billion well above the anticipated $7.59 billion, sending shares up 6.27% pre-market. The company raised its full-year 2026 net income outlook to $4.5–$5.0 billion and views 2026 as the bottom of the current cycle, with Construction order bank rising 50%+ sequentially. DA Davidson raised its price target from $580 to $775 and reiterated a Buy, while RBC raised to $736; the stock trades near $578, and the broad segment beat is a strong positive signal.

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