Deere & Co Reports Q2 2026 Results with EPS Beat, Strong Cash Flow, and Strategic Acquisition
DE sits 22% above its 52-week low of $433 on light trading volume (0.1× avg).
Summary
Deere & Co reported Q2 2026 results with diluted EPS of $6.55, surpassing analyst estimates, alongside increased net sales and strong operating cash flow, despite a slight decline in net income year-over-year.
Key Events · Earnings and Guidance · DE
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Q2 2026 Financial Performance
Net sales and revenues increased 5% to $13.37 billion for the quarter and 8% to $22.98 billion year-to-date. Net income attributable to Deere & Company decreased 2% to $1.77 billion for the quarter and 9% to $2.43 billion year-to-date. Diluted EPS for Q2 2026 was $6.55, beating analyst estimates of $5.70, though slightly down from $6.64 in Q2 2025.
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Strong Operating Cash Flow
Net cash provided by operating activities significantly increased to $1.04 billion for the first six months of 2026, up from $568 million in the same period last year.
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Strategic Acquisition
In February 2026, Deere & Co acquired Tenna LLC for $439 million, expanding its technology solutions in the construction market with mixed-fleet equipment operations and asset tracking solutions.
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Tariff Recovery
The company received a $272 million tariff refund claim from the U.S. Customs and Border Protection (CBP) related to tariffs imposed under the International Emergency Economic Powers Act (IEEPA).
Analysis · DE · Technology
Deere & Co's latest 10-Q provides a comprehensive look at its Q2 2026 performance, confirming an EPS beat against analyst estimates despite a slight year-over-year dip in net income. The company demonstrated robust operating cash flow and made a strategic acquisition to bolster its construction technology segment. While the outlook for large agriculture remains subdued, growth in small agriculture and turf, and construction and forestry segments is anticipated to drive overall net sales higher. The ongoing FTC antitrust lawsuit remains a key risk to monitor.
At the time of this filing, DE was trading at $530.37 on NYSE in the Technology sector, with a market capitalization of approximately $143.3B. The 52-week trading range was $433.00 to $674.19. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.