Deere reports 2nd quarter results
Deere & Company reported net income of USD 1.773 billion for the second quarter ended May 3, 2026, compared with net income of USD 1.804 billion, for the quarter ended April 27, 2025. For the first six months of the fiscal year, net income was USD 2.429 billion, compared with $2.673 billion for the same […]
Deere & Company reported net income of USD 1.773 billion for the second quarter ended May 3, 2026, compared with net income of USD 1.804 billion, for the quarter ended April 27, 2025. For the first six months of the fiscal year, net income was USD 2.429 billion, compared with $2.673 billion for the same period last year.
Worldwide net sales and revenues increased 5 percent, to USD 13.369 billion, for the second quarter of 2026 and rose 8 percent, to USD 22.981 billion, for six months. Net sales were $11.778 billion for the quarter and $19.779 billion for six months, compared with $11.171 billion and $17.980 billion last year, respectively.
“Our performance in the current market environment demonstrates the strength of our diversified portfolio. This is particularly reflected in the strong outcomes achieved by our Small Ag and Construction & Forestry divisions during this year,” stated John May, chairman and CEO of John Deere. “As we address ongoing challenges within global agricultural markets, our comprehensive portfolio continues to drive market share expansion and support our targets for sustained growth.”
Net income attributable to Deere & Company for fiscal 2026 is forecasted to be in a range of USD 4.5 to $5.0 billion.
“While our customers face ongoing challenges, John Deere remains firmly committed to supporting their success through disciplined operations and resilience,” said May. “By continuing to invest in innovation through the cycle and leveraging the strength of our dealer network, we are well positioned to deliver increasing value for customers and shareholders as market conditions improve.”
