Deere Q4 net income $1.065B ($3.93 EPS), down 14% YoY; guides FY2026 $4-4.75B

DEERE & CO

2025-FY EPS reported $18.50 revenue$45,684,000,000

Q4 net sales $12.394B up 11% YoY; net income $1.065B down 14%; EPS $3.93 vs $4.55.
Full-year net income $5.027B ($18.50 EPS) vs $7.100B ($25.62) in FY2024, down 29%.
Segment: Construction & Forestry net sales +27% to $3.382B; Small Ag & Turf operating profit plunged 89% to $25M.
FY2026 guidance: net income range $4.00B-$4.75B; large ag expected down 15-20%, small ag & turf flat to up 5%.
CEO states 2026 likely bottom of large ag cycle; tariffs and inventory management key focus.

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