---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-116130"
form_type: "8-K"
ticker: "DE"
cik: "0000315189"
company_name: "DEERE & CO"
filed_at: "2025-11-26T23:59:59+00:00"
generated_at: "2026-05-16T16:42:29.288050+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-116130
- form_type: 8-K
- ticker: DE
- cik: 0000315189
- company_name: DEERE & CO
- filed_at: 2025-11-26T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/315189/000110465925116130/0001104659-25-116130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/315189/000110465925116130/de-20251126x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-116130
- JSON: https://secwatch.observer/filing/0001104659-25-116130.json
- Plain text: https://secwatch.observer/filing/0001104659-25-116130.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.