NYSE$DE
Deere & Co · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Deere reported strong Q2 2021 earnings driven by increased net sales and revenues, reflecting robust market conditions and broad improvements across divisions and geographies.
Deere & Company reported a net income of $1.790 billion for the second quarter ended May 2, 2021, a significant increase compared to the previous year. Worldwide net sales and revenues increased by 30 percent, reaching $12.058 billion. The company has raised its full-year earnings forecast to a range of $5.3 billion to $5.7 billion.
- Second-quarter earnings increased due to a 34% rise in net sales, indicating strong market conditions and widespread improvement across divisions and geographies.
- The equipment division's operating margin of 19.5% demonstrates solid execution and the impact of the company's strategy.
- Deere is facing increased supply-chain pressures throughout the year but is actively working with suppliers to mitigate these challenges.
- Full-year earnings forecast has been raised to a range of $5.3 to $5.7 billion, reflecting confidence in the company's performance.
Headline financials
Revenue & EPS history
Deere · Revenue · Quarterly
$12.1B
Revenue by segment
Deere · $11.9B total across 4 segments · Q2 2021
- Production & Precision Ag$4.53B-24.1%38.1%
- Small Ag & Turf$3.39B—28.5%
- Construction & Forestry$3.08B+36.5%25.9%
- Financial Services$892M—7.5%
Forward guidance
Net income attributable to Deere & Company for fiscal 2021 is forecast to be in a range of $5.3 billion to $5.7 billion.
Headwinds
- Deere expects to see increased supply-chain pressures through the balance of the year.
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 Q2 2021
+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
| Quarter | Report date | Reaction (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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