Deere & Company (NYSE:DE) reported Thursday first-quarter 2026 net income of $656 million, or $2.42 per diluted share, for the period ended Feb. 1, 2026, compared with $869 million, or $3.19 per diluted share, a year earlier, as shares traded higher following the results.
Deere’s EPS of $2.42 beat the $2.06 analyst estimate. Worldwide net sales and revenues increased 13% to $9.611 billion, beating the $7.686 billion estimate.
Net sales were $8.001 billion, up from $6.809 billion in the prior-year quarter.
“While the global large agriculture industry continues to experience challenges, we’re encouraged by the ongoing recovery in demand within both the construction and small agriculture segments,” said John May, chairman and CEO of John Deere.
“These positive developments reinforce our belief that 2026 represents the bottom of the current cycle and provides us with a strong foundation for accelerated growth going forward.”
Segment Performance
Production & Precision Agriculture net …