Deere's stock is building on its winning streak.
Deere & Company (DE) Q1 2026 Earnings Call Transcript
Deere & Company ( NYSE:DE ) reported first-quarter fiscal 2026 results yesterday that beat Wall Street expectations for both revenue and earnings even though profits fell from the year before.
Lower-Than-Expected Weekly Jobless Claims Data.
DE tops Q1 earnings estimates, with 17.5% y/y equipment sales growth and lifts the FY26 net income outlook, even as profits slide.
New Jobless Claims were down to 206K while Walmart, Deere and Etsy beat on earnings.
Although the revenue and EPS for Deere (DE) give a sense of how its business performed in the quarter ended January 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Shares in Deere & Company (NYSE:DE, XETRA:DCO), the American agricultural and construction equipment manufacturer, nudged 1.3% lower in pre-market trading on Thursday after the company reported a sharp drop in first-quarter net income despite raising its full-year profit forecast. Net income fell 25% year on year to $656 million, or $2.42 per share, as higher tariffs and an unfavourable sales mix weighed on profitability, even as total revenues rose 13% to $9.61 billion.
Deere (DE) came out with quarterly earnings of $2.42 per share, beating the Zacks Consensus Estimate of $1.92 per share. This compares to earnings of $3.19 per share a year ago.
Deere posted lower first-quarter profit, which was dragged down by tariffs and weak tractor demand.
DE heads into Q1 earnings with profit seen plunging nearly 40% as weak farm spending and high costs weigh on margins.
Deere & Company just delivered its latest quarterly dividend of $1.62 per share to shareholders on February 9, 2026, marking the fourth consecutive quarter at this elevated payout level.