Deere & Company (DE)
NYSE:DE
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Earnings Data
Report Date
Aug 20, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
4.73Last Year’s EPS
4.75Same Quarter Last Year
Moderate Buy
Based on 18 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a resilient, diversified Deere with solid execution: revenue and margin gains were supported by strong performance in Small Ag & Turf and Construction & Forestry, meaningful inventory improvements, continued product and technology momentum, and an unchanged enterprise net income guide. However, material near-term headwinds remain—most notably a weakened large-ag market (particularly Brazil), persistent tariff exposure (~3% margin impact), and elevated input/inflationary pressures. The quarter included a one-time $272M tariff refund that meaningfully aided margins, so underlying cost and tariff dynamics warrant monitoring. On balance, the positive operational execution, portfolio diversification, and maintained guidance outweigh the cyclical and policy-related challenges in the near term.Company Guidance
Top-line and Profitability
Net sales and revenues up 5% year-over-year to $13.369B; equipment operations margin of 16.9% in Q2; net income attributable to Deere & Company of $1.773B ($6.55 diluted EPS).
Small Ag & Turf Strength
Small Ag & Turf net sales rose 16% to $3.485B with operating profit of $719M and a 20.6% operating margin; price realization ~+1.5 pts and currency tailwind ~+2.5 pts.
Construction & Forestry Outperformance
Construction & Forestry net sales +29% YoY to $3.79B, operating profit $561M and 14.8% margin; full-year net sales guide for the segment increased to ~+20% and operating margin guide raised to 10–12%.
Inventory and Order-Book Improvements
Large-ag new inventory (high-hp tractors and combines) down >50% from mid-2024 peak; used tractor and combine inventories down mid-teens from peaks; sprayer used inventory down ~30%, planter used inventory down ~50%; North American order books healthy.
Tariff Refund One-Time Benefit
Recognized a $272M recovery related to IEEPA tariff refund in Q2, which lifted margins by nearly 2.5 percentage points (one-time benefit).
Financial Services and Cash Return
Worldwide Financial Services net income of $190M in Q2 and full-year outlook raised to $860M; returned $635M to shareholders in the quarter via buybacks and dividends.
Product, Technology and Connectivity Momentum
Major product launches (new 8R/8RX tractors, See & Spray expansions, harvest automation); JDLink Boost (Starlink) sales >12.5k kits with 25% quarterly growth; monthly active digital users nearly 440k; engaged acres +10% YoY.
DE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 21, 2026 | $560.46 | $531.35 | -5.19% |
Feb 19, 2026 | $591.54 | $660.07 | +11.59% |
Nov 26, 2025 | $494.96 | $466.88 | -5.67% |
Aug 14, 2025 | $508.50 | $474.14 | -6.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Deere & Company (DE) report earnings?
Deere & Company (DE) is schdueled to report earning on Aug 20, 2026, Before Open (Confirmed).
What is Deere & Company (DE) earnings time?
Deere & Company (DE) earnings time is at Aug 20, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DE EPS forecast?
DE EPS forecast for the fiscal quarter 2026 (Q3) is 4.73.
