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.