Deere & CompanyDE
▲ PositiveDemandrelevance
Construction and turf demand strong, order books robust, and precision ag adoption nearly doubled.
Impact on stocks 1
Climate Adaptation & Water
Deere & CompanyDeere reported second-quarter fiscal 2026 results that topped market revenue expectations, with sales up 4.9% year on year to $12.61 billion. Its non-GAAP profit of $5.10 per share was 9% above analysts' consensus estimates. Management attributed the outperformance to strong operational execution, disciplined cost control, and steady demand in construction and turf, while agriculture end markets faced mixed conditions. The company recognized over $110 million in tariff refunds in the quarter, which contributed to improved segment profitability, though direct tariff expenses are expected to rise next year. Deere's construction and forestry segment saw robust order books extending into next year, and adoption of precision agriculture technologies such as See & Spray nearly doubled, with over 40% of North American planters ordered now including advanced offerings.
Deere & CompanyConstruction and turf demand strong, order books robust, and precision ag adoption nearly doubled.