John Deere Q2 Net Income $1.77B; Construction & Turf Sales Surge
John Deere posted Q2 net income of $1.773 billion, or $6.55 per share, down 2% year-over-year, as net sales rose 5% to $13.369 billion. Small Agriculture & Turf sales rose 16% and Construction & Forestry sales grew 29%, offsetting a 14% drop in Production & Precision Agriculture, and Deere reiterated fiscal 2026 net income guidance of $4.5–$5.0 billion.
1. Second-Quarter Financial Results
John Deere reported net income of $1.773 billion, or $6.55 per share, for the quarter ended May 3, 2026, compared with $1.804 billion, or $6.64 per share, a year earlier. Worldwide net sales and revenues increased 5% to $13.369 billion, up from $12.763 billion in the prior-year quarter.
2. Segment Performance
Small Agriculture & Turf sales rose 16% to $3.485 billion with operating profit up 25%, while Construction & Forestry sales grew 29% to $3.790 billion with operating profit up 48%. Production & Precision Agriculture sales declined 14% to $4.503 billion, driven by lower shipment volumes and higher production costs.
3. Fiscal 2026 Outlook
Deere reaffirmed its fiscal 2026 net income forecast of $4.5 billion to $5.0 billion and highlighted ongoing investments in product innovation and the strength of its dealer network to support growth as market conditions evolve.