Deere Q1 net income $656M ($2.42 EPS), revenue up 13%; raises FY2026 guidance to $4.5-5.0B

DEERE & CO

2026-Q1 EPS reported $2.42 revenue$9,611,000,000

Net income $656M ($2.42 diluted EPS) vs $869M ($3.19) YoY; net sales and revenues $9.61B, up 13%.
FY2026 net income guidance raised to $4.5-5.0B; CEO cites recovery in construction and small ag as cycle bottom.
Construction & Forestry sales +34% to $2.67B, operating profit +111% to $137M.
Small Agriculture & Turf sales +24% to $2.17B, operating profit +58% to $196M.
Production & Precision Ag sales +3% to $3.16B, but operating profit -59% to $139M due to tariffs, mix, warranty.

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