What were Deere’s (NYSE:DE) financial results for Q1 2026?

Deere reported stronger-than-expected Q1 2026 results, with net income of $656 million, or $2.42 per diluted share, surpassing analyst estimates of $1.92 per share. Adjusted revenue reached $8 billion, exceeding the forecast of $7.6 billion. Total reported revenue came in at $9.61 billion.

How did Deere’s production and precision agriculture segment perform in Q1 2026?

Deere’s production and precision agriculture segment performed strongly, benefiting from high demand for large equipment due to replacement needs and fleet upgrades, particularly among farmers in North and South America. The segment also benefited from advancements in precision ag technologies, such as autonomous features and data-driven farming solutions.

What role did Deere’s construction and forestry equipment play in Q1 2026?

Deere’s construction and forestry equipment segment contributed positively to Q1 2026 results, though at a more moderated pace due to softer infrastructure spending in some regions. Despite this, the segment helped support the company’s overall performance for the quarter.

How did Deere’s precision agriculture technologies impact its Q1 2026 performance?

Deere’s precision agriculture technologies, including autonomous features and data-driven farming solutions, drove higher content per unit, which in turn contributed to improved margins. These technologies remain a key driver of growth for the company, helping to differentiate Deere’s offerings in the agricultural equipment market.

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Deere beats Q1 estimates With EPS of $2.42 and revenue $9.61B

Written by Isaac FrancisPublished Feb 19, 2026, 12:00 AMLast Updated Jul 6, 2026, 7:14 AM

Deere (NYSE:DE), the world's largest maker of agricultural and construction equipment, reported stronger-than-expected fiscal first-quarter profit and revenue for 2026.

The Moline, Illinois-based company posted net income of $656 million, or $2.42 per diluted share, for the quarter ended Jan. 31, 2026, surpassing the average analyst estimate of $1.92 per share compiled from eight analysts surveyed by Zacks Investment Research.

Adjusted revenue—excluding certain items—reached $8 billion, topping the consensus forecast of $7.6 billion from seven analysts surveyed by Zacks. Total reported revenue came in at $9.61 billion.

The results reflect continued strength in Deere's production & precision agriculture segment, where large equipment sales benefited from replacement demand and fleet upgrades among North American and South American farmers.

Construction & forestry equipment also contributed positively, though at a more moderated pace amid softer infrastructure spending in some regions.

The company's precision ag technologies, including autonomous features and data-driven farming solutions, continued to drive higher content per unit and improved margins.