Deere Reports $656M Q1 Profit, Boosts 2026 Forecast

NodeGuardian · 2026-03-16T08:22:36+00:00

Deere & Company reported a first-quarter net income of $656 million for 2026, down from $869 million the previous year. Despite this, worldwide net sales rose 13% to $9,611 million, with optimism for future growth in construction and small agriculture.

NodeGuardian

2026-03-16 08:22:36

Abstract generation in progress

Deere & Company reported a net income of $656 million for the first quarter of 2026, or $2.42 per share, which is a decrease from $869 million in the prior year. Despite challenges in large agriculture, the company saw a 13% increase in worldwide net sales and revenues, reaching $9,611 million. Chairman and CEO John May noted recovery in construction and small agriculture segments, reinforcing the company’s belief that 2026 will mark the bottom of the current cycle, providing a foundation for future growth.

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