Deere FY26 Q2 net income falls 2% to $1.77 billion; net sales rise 5% to $11.78 billion
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- Deere posted second-quarter net income of $1.77 billion, down 2%, with EPS at $6.55.
- Worldwide net sales and revenues rose 5% to $13.37 billion.
- Production & Precision Agriculture operating profit fell 39% to $706 million, while Small Agriculture & Turf climbed 25% to $719 million.
- Construction & Forestry operating profit increased 48% to $561 million, while Financial Services net income rose 18% to $190 million.
- John May said results showed the strength of Deere’s diversified portfolio, citing strong performance in Small Ag and Construction & Forestry, while maintaining fiscal 2026 net income guidance of $4.5 billion to $5.0 billion.
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