Deere & Company Q1 Revenues Climb 13% to $9.6B, Shares Jump 11.6%
Deere & Company reported Q1 FY2026 net sales up 13% year-over-year to $9.6 billion, while attributable net income fell 25% to $656 million. The stock surged 11.6%, reaching a session high of $662 and establishing a new 52-week peak after the results.
1. Q1 FY2026 Financial Results
In the first quarter of fiscal 2026, Deere saw total net sales rise 13% to $9.6 billion from $8.5 billion a year earlier, while attributable net income declined 25% to $656 million from $869 million due to margin pressures in large agriculture.
2. Stock Market Reaction
Following the earnings release, shares climbed 11.6% to close at $662, hit an intraday peak setting a new 52-week high and drew heavy trading volume as investors reacted to the revenue beat despite lower profits.
3. FY2026 Guidance and Industry Outlook
Deere reiterated a full-year attributable net income target of $4.5 billion to $5.0 billion, down or flat from $5.03 billion in fiscal 2025, and highlighted recovering demand in construction and small agriculture segments as signs the current cycle may bottom this year.