NYSE$DE
Deere & Co · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Deere's performance was driven by strong demand, despite supply-chain pressures.
Deere & Company reported a 17% increase in net income for the second quarter, reaching $2.098 billion, or $6.81 per share, compared to $1.790 billion, or $5.68 per share, in the same quarter last year. Net sales rose by 9%, and full-year earnings forecast increased to $7.0 to $7.4 billion, inclusive of special items.
- Quarterly earnings rose 17% due to a 9% increase in net sales.
- Market conditions and industry fundamentals support a continued robust environment.
- Full-year earnings forecast increased to a range of $7.0 to $7.4 billion, including special items.
- Second-quarter performance reflected strong demand despite supply-chain pressures.
Headline financials
Revenue & EPS history
Deere · Revenue · Quarterly
$13.4B
Revenue by segment
Deere · $12.9B total across 4 segments · Q2 2022
- Production & Precision Ag$5.12B+13.0%39.7%
- Small Ag & Turf$3.57B+5.3%27.7%
- Construction & Forestry$3.35B+8.7%25.9%
- Financial Services$864M-3.1%6.7%
Forward guidance
Deere & Company forecasts net income attributable to be in a range of $7.0 billion to $7.4 billion for fiscal year 2022.
Tailwinds
- Demand for farm equipment will continue benefiting from positive fundamentals.
- Smart industrial strategy focused on helping customers manage higher costs.
- Leap Ambitions are focused on helping customers manage increasingly scarce inputs.
- Integrated technologies will improve customer yields.
- Large Ag U.S. & Canada: Up ~ 20%
Headwinds
- Availability concerns
- Inflationary pressures affecting customers’ input costs
- Small Ag & Turf U.S. & Canada: ~ Flat
- Asia: Down moderately
- Compact Construction Equipment U.S. & Canada: Flat to Up 5%
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 2022
+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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