earnings
confidence high
sentiment negative
materiality 0.75
Deere Q2 net income $1.804B ($6.64 EPS) vs $2.370B prior year; sales down 16%
DEERE & CO
2025-Q2 EPS
reported $9.82
vs consensus $5.75
▲ beat
(+70.9%)
- Net sales $11.171B, down 18% YoY; worldwide net sales and revenues $12.763B, down 16%.
- Production & Precision Ag operating profit $1.148B (-30% YoY) on lower shipment volumes.
- Construction & Forestry operating profit $379M (-43% YoY) driven by lower volumes and unfavorable price realization.
- FY2025 net income guidance broadened to $4.75B–$5.50B; outlook incorporates tariffs in effect as of May 13.
- U.S. large ag industry forecast down ~30%; construction equipment down ~10%.