Deere Stock Movement Summary Deere & Company's stock reached fresh record highs following first-quarter 2026 earnings results and raised guidance. The company reported Q1 net income of $656 million ($2.42 per share), down year-over-year but exceeding analyst expectations. Global net sales increased 13% to $9.611 billion. Deere raised its full-year fiscal 2026 net income guidance to $4.5 billion to $5.0 billion. The company cited recovering demand in construction and small agriculture segments as the basis for the improved outlook. CEO John May stated that 2026 marks the bottom of the current farming cycle. Despite challenges in large agriculture and South American markets, the company highlighted improved order books in small agriculture, turf, and construction forestry segments. Equipment operations net sales increased 18% year-over-year.
Read full analysisDeere Stock Movement Summary Deere & Company's stock reached fresh record highs following first-quarter 2026 earnings results and raised guidance. The company reported Q1 net income of $656 million ($2.42 per share), down year-over-year but exceeding analyst expectations. Global net sales increased 13% to $9.611 billion. Deere raised its full-year fiscal 2026 net income guidance to $4.5 billion to $5.0 billion. The company cited recovering demand in construction and small agriculture segments as the basis for the improved outlook. CEO John May stated that 2026 marks the bottom of the current farming cycle. Despite challenges in large agriculture and South American markets, the company highlighted improved order books in small agriculture, turf, and construction forestry segments. Equipment operations net sales increased 18% year-over-year.
Deere & Company is the world's largest manufacturer of agricultural and construction equipment, known for its iconic green-and-yellow John Deere brand of tractors, combines, and heavy machinery. The company has been aggressively expanding into AI-powered autonomous farming and construction technology, including its recent Tenna acquisition for connected equipment management. Today's continued rally reflects management's declaration that 2026 marks the bottom of the farm equipment downturn — a key inflection point reinforced by a raised profit outlook — though roughly $600 million in tariff costs tied to a pending Supreme Court ruling on presidential tariff authority remain a material overhang.