Deere & Company's Stock Analysis

Deere Reports Second Quarter Financial Results and Income

Deere & Company announced a net income of $1.773 billion for the second quarter of fiscal 2026, translating to $6.55 per share, slightly lower than the $1.804 billion or $6.64 per share recorded in the same quarter of the previous year. For the first half of the fiscal year, the company reported a total net income of $2.429 billion, or $8.97 per share, compared to $2.673 billion, or $9.82 per share, in the prior year. Worldwide net sales increased by 5% to $13.369 billion for the quarter and by 8% to $22.981 billion for the first six months of the year, driven by higher sales in the Small Agriculture and Construction & Forestry divisions, despite challenges in global agricultural markets and increased production costs.

In February 2026, Deere acquired Tenna LLC for $439 million, enhancing its construction technology offerings. The company also reported a recovery of $272 million related to previously imposed tariffs, which positively impacted its financials. The outlook for fiscal 2026 estimates net income to be between $4.5 billion and $5.0 billion. The financial services segment saw increased net income due to favorable financing spreads, while production and precision agriculture sales experienced a decline due to lower shipment volumes.

May 21, 2026 06:00:38

Deere Elects Brent Norwood as Chief Financial Officer

Deere & Company has appointed T. Brent Norwood as its new Chief Financial Officer, effective May 1, 2026. Norwood, who has been with the company since 2013, previously served as Vice President and Finance Director for the Construction and Forestry division. He has held various roles within the company, including Director of Investor Relations, and has a background in equity research and investment analysis. His annual salary will be $925,000, along with participation in the company's short-term incentive plan and a one-time award of performance-based restricted stock units.

Norwood's election follows a thorough search process and is expected to enhance the company's strategic direction and financial management. He has significant experience in financial planning, capital budgeting, and has contributed to major acquisitions and strategic initiatives at Deere. The company emphasizes his leadership and financial expertise as crucial for delivering long-term value to shareholders.

May 01, 2026 06:00:58

Deere Grants Performance-Based Stock Awards to Executives

Deere & Company has approved one-time performance-based restricted stock units (PSUs) for its named executive officers and certain senior officers, contingent upon continued employment. These awards aim to align executive incentives with long-term business performance and retention, with the PSUs earned based on achieving specific Shareholder Value Added (SVA) targets over a performance period from November 3, 2025, to October 27, 2030.

The PSUs will be subject to a variable scale based on annual SVA targets, with payouts ranging from zero to 175% based on performance levels. If employment is terminated within the first three years of the performance period, all PSUs will be forfeited, while certain conditions such as death, disability, or qualifying termination will allow for prorated vesting. The total target value of PSUs awarded will be based on the fair market value of the company’s common stock at the time of the grant.

Mar 16, 2026 16:43:38

Deere Company Annual Meeting Voting Results Summary

Deere & Company held its annual meeting of shareholders on February 25, 2026, where all director nominees were elected for terms expiring at the 2027 annual meeting. Shareholders approved the advisory compensation for the company's named executive officers and ratified Deloitte & Touche LLP as the independent registered public accounting firm for the 2026 fiscal year.

Several shareholder proposals were not approved, including those regarding a report on the return on investment of emission reduction goals, the right to act by written consent, and a report on faith-based business resource groups. The outcomes of these votes may have implications for corporate governance and shareholder engagement strategies.

Feb 27, 2026 11:03:51

Deere Reports Q1 2026 Net Income and Sales Figures

Deere & Company announced a net income of $656 million for the first quarter of fiscal 2026, translating to earnings of $2.42 per share. This marked a decline from the previous year's net income of $869 million, or $3.19 per share. However, the company reported a 13 percent increase in worldwide net sales and revenues, totaling $9,611 million, with net sales of $8,001 million compared to $6,809 million in the same quarter of 2025. The increase in sales was attributed to improved performance in the construction and small agriculture segments despite challenges in the global large agriculture industry.

In terms of segment performance, sales in the Production & Precision Agriculture, Small Agriculture & Turf, and Construction & Forestry segments all saw increases due to higher shipment volumes and favorable foreign currency translation. Operating profits were impacted by higher tariffs and warranty expenses. For fiscal 2026, Deere forecasted net income in the range of $4.5 billion to $5.0 billion, indicating a strategic focus on innovation and product development as the company aims to transition out of the current cycle.

Feb 19, 2026 06:03:46

Deere Company CFO Resignation and Interim Appointment Announced

Joshua A. Jepsen has announced his resignation as Senior Vice President and Chief Financial Officer of Deere & Company, effective February 19, 2026. His departure is not related to any financial issues or disagreements regarding the company's operations or policies.

Following Mr. Jepsen's resignation, Ryan D. Campbell will assume the role of acting Chief Financial Officer on an interim basis starting February 19, 2026, while the company searches for a permanent replacement. Mr. Campbell has been with the company since May 2022 and previously held the CFO position from March 2019 to May 2022.

Jan 22, 2026 16:00:40

Deere Appoints Cargill CEO Brian Sikes to Board

Deere & Company has expanded its Board of Directors from 10 to 11 members with the appointment of Brian Sikes, Chair and CEO of Cargill, effective December 4, 2025. Sikes brings extensive experience in the agricultural sector, having held various leadership roles at Cargill since 1991, and will also serve on the Compensation and Corporate Governance committees. The company has confirmed that there are no related party transactions or arrangements regarding Sikes' selection.

Additionally, Raj Kalathur, the current President of John Deere Financial and Chief Information Officer, plans to retire on January 31, 2026. Deere has issued a press release regarding these changes, highlighting Sikes' strategic vision and commitment to innovation in agriculture, which are expected to contribute positively to the company’s future direction and operations.

Dec 04, 2025 06:00:40

Deere Reports Fourth Quarter and Fiscal Year Financial Results

Deere & Company reported a net income of $1.065 billion for the fourth quarter of fiscal 2025, translating to $3.93 per share, a decrease from $1.245 billion or $4.55 per share in the same quarter of the previous year. For the fiscal year 2025, net income was $5.027 billion, or $18.50 per share, down from $7.100 billion, or $25.62 per share in fiscal 2024. The company's worldwide net sales and revenues increased by 11% in the fourth quarter to $12.394 billion, but experienced a 12% decline for the full year, totaling $45.684 billion. The increase in quarterly sales was attributed to higher shipment volumes and favorable pricing, while the annual decline reflected challenges in the market environment and cost pressures from tariffs and production costs.

For fiscal 2026, Deere forecasts net income between $4.00 billion and $4.75 billion. The company noted ongoing margin pressures primarily due to tariffs and challenges in the large agriculture sector, but highlighted its commitment to inventory management and cost control. Additionally, Deere made strategic acquisitions in 2025 to enhance its technology offerings and reported an increase in financial services net income due to favorable financing spreads. The company also increased its legal accruals and recorded impairment charges related to certain assets, indicating ongoing operational adjustments amid market fluctuations.

Nov 26, 2025 06:00:56

Deere Company Issues $500 Million in Unsecured Notes

Deere Funding Canada Corporation, a wholly owned subsidiary of Deere & Company, has agreed to sell $500 million in aggregate principal amount of 4.150% Notes due October 9, 2030. These Notes will be fully guaranteed on a senior unsecured basis by Deere & Company, ranking equally with the company’s other senior unsecured debts. Interest on the Notes is set to be paid semi-annually, starting April 9, 2026.

The Notes may be redeemed in whole or in part prior to maturity with advance notice, and under certain conditions, the Issuer or Guarantor can redeem the Notes at their principal amount plus any unpaid interest. The Securities have been registered under the Securities Act of 1933, and related documents, including a Preliminary and Final Prospectus Supplement, have been filed with the SEC to facilitate this public offering.

Oct 09, 2025 17:06:08

Deere Company Announces Leadership Changes Impacting Key Divisions

Deere & Company has appointed new leaders to key positions within the organization, effective November 3, 2025. Cory Reed will transition to President of Lifecycle Solutions, Supply Management, and Customer Success, moving from his previous role as President of the Worldwide Ag & Turf Division. Deanna Kovar will become President of the Worldwide Agriculture & Turf Division: Production and Precision Ag, while Justin Rose will take on the role of President for the Worldwide Agriculture & Turf Division: Small Agriculture and Turf.

These leadership changes are part of Deere's ongoing efforts to enhance its Smart Industrial Strategy, which aims to deliver intelligent, connected machines and solutions. The new appointments are expected to drive innovation and improve customer value across the company's diverse product offerings in agriculture, construction, and turf management.

Sep 02, 2025 06:01:43