NYSE$DE

Deere & Co · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Deere reported fiscal Q1 2026 net sales of $8.0B and net income of $656M ($2.42 diluted EPS).

Net sales and revenues were $9.6 billion in the quarter, with equipment operations net sales of $8.0 billion. Net income attributable to Deere & Company was $656 million, or $2.42 per diluted share, compared with $869 million and $3.19 per share a year ago on lower shipment volumes.

  • Q1 net sales $8.0B; net income $656M.
  • Diluted EPS $2.42 versus $3.19 prior year.
  • Production and Precision Ag segment performance drove mix.
  • Full-year outlook reflects farm economy uncertainty.

Headline financials

Total Revenue

$9.61B

Previous: $8.51B+13.0%
EPS (adj)

$2.42

Previous: $3.19-24.1%
Small Ag & Turf margin

9.0%

Previous: 7.1%+26.8%
Construction & Forestry margin

5.1%

Previous: 3.3%+54.5%
Production & Precision Ag margin

4.4%

Previous: 11.0%-60.0%
Capital Expenditures

-$256M

Previous: -$352M+27.3%
Free Cash Flow

-$1.15B

No prior period
Net Income

$656M

Previous: $869M-24.5%
Operating Income

$7.8B

Previous: $274M+2745.6%
Gross Profit

$9.58B

Previous: $1.77B+440.3%
Cash & Equivalents

$6.8B

No prior period
Total Assets

$103B

No prior period

Revenue & EPS history

Deere · Revenue · Quarterly

$9.61B

Q1 2026+13%vs Q1 2025
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Revenue by segment

Deere · $13.4B total across 5 segments · Q2 2026

  • Production & Precision Ag
    $4.5B
  • Construction & Forestry
    $3.79B
  • Small Ag & Turf
    $3.49B
  • Financial Services
    $1.37B
  • Other revenues
    $225M

Forward guidance

The release discusses Deere & Company's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Deere & Company cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+0.2%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+2.1%

Avg return

30 days after

53%

39 / 73 earnings

Positive

+14.3%

Q3 2016

Best reaction

-10.9%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+0.8%-4.1%+6.9%
Q1 2026-0.1%+8.6%-5.7%
Q4 2025-5.8%-6.0%-5.9%
Q3 2025-6.5%-4.7%-8.4%
Q2 2025+3.6%+5.8%+2.4%
Q1 2025-2.2%+5.2%+0.2%
Q4 2024+10.3%+13.8%+6.8%
Q3 2024+7.6%+6.1%+12.4%
Q2 2024-4.1%-6.6%-8.7%
Q1 2024-6.3%-7.1%-0.4%
Q4 2023-3.3%-5.3%+3.7%
Q3 2023-6.8%-5.9%-1.7%
Q2 2023-2.7%-4.4%+10.0%
Q1 2023+6.0%+5.8%-4.3%
Q4 2022+6.0%+5.9%+4.9%
Q3 2022+0.4%+3.6%-3.7%
Q2 2022-8.0%-5.9%-11.5%
Q1 2022-7.0%-11.3%+8.6%
Q4 2021+2.9%-0.3%-0.0%
Q3 2021+1.1%+4.8%-2.8%
Q2 2021+1.2%+0.7%-7.4%
Q1 2021+12.4%+15.1%+24.1%
Q4 2020+0.2%+0.0%+2.9%
Q3 2020+7.5%+10.4%+16.2%
Q2 2020+3.7%+7.4%+8.4%
Q1 2020+3.6%+0.7%-32.7%
Q4 2019-4.9%-6.4%-0.5%
Q3 2019+6.0%+7.8%+15.1%
Q2 2019-7.3%-4.9%+3.8%
Q1 2019-3.2%-1.6%-2.6%
Q4 2018+3.1%+7.5%+3.2%
Q3 2018+2.3%+3.8%+7.6%
Q2 2018+7.8%+6.7%+1.3%
Q1 2018-1.2%-2.8%-1.8%
Q4 2017+4.5%+6.9%+13.1%
Q3 2017-6.0%-6.1%-4.0%
Q2 2017+8.0%+9.0%+13.5%
Q1 2017+0.4%+0.4%+1.2%
Q4 2016+12.9%+10.5%+12.1%
Q3 2016+14.3%+13.6%+6.5%
Q2 2016-5.3%-2.1%+4.6%
Q1 2016-2.4%
Q4 2015+3.6%
Q3 2015-10.9%
Q2 2015+4.9%
Q1 2015-0.8%
Q4 2014-1.3%
Q3 2014-1.8%
Q2 2014-2.6%
Q1 2014-1.8%
Q4 2013+1.3%
Q3 2013+0.5%
Q2 2013-4.7%
Q1 2013-3.6%
Q4 2012-2.3%
Q3 2012-5.8%
Q2 2012+0.5%
Q1 2012-0.6%
Q4 2011+4.1%
Q3 2011-3.5%
Q2 2011+1.3%
Q1 2011+4.6%
Q4 2010+0.4%
Q3 2010+0.4%
Q2 2010-3.9%
Q1 2009+1.6%
Q1 2010+2.8%
Q4 2009+0.6%
Q2 2009+0.6%
Q4 2007+0.6%
Q3 2009-3.3%
Q4 2008-3.3%
Q3 2008-3.3%

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