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Deere shares jump as Q1 revenue surges, company raises profit outlook
Deere shares jump as Q1 revenue surges, company raises profit outlook
Sam Boughedda
Thu, February 19, 2026 at 9:05 PM GMT+9 1 min read
In this article:
DE
-1.26%
Investing.com – Deere & Company (NYSE:DE) shares rose 4.5% premarket on Thursday after the agricultural equipment manufacturer reported first-quarter earnings and revenue that significantly exceeded analyst expectations, while also raising its full-year profit guidance.
The company reported first-quarter net income of $656 million, or $2.42 per share, beating analyst estimates of $2.02 per share. Revenue surged 13% YoY to $9.61 billion, substantially above the consensus estimate of $7.59 billion. The strong performance came despite a 25% decline in net income compared to the $869 million, or $3.19 per share, reported in the same quarter last year.
“While the global large agriculture industry continues to experience challenges, we’re encouraged by the ongoing recovery in demand within both the construction and small agriculture segments,” said John May, chairman and CEO of John Deere. “These positive developments reinforce our belief that 2026 represents the bottom of the current cycle and provides us with a strong foundation for accelerated growth going forward.”
Deere raised its fiscal 2026 net income guidance to a range of $4.5 billion to $5.0 billion.
The company’s Small Agriculture & Turf segment showed particularly strong results with sales increasing 24% to $2.17 billion and operating profit jumping 58% to $196 million. The Construction & Forestry segment also performed well, with sales up 34% to $2.67 billion and operating profit more than doubling to $137 million.
Deere expects Small Agriculture & Turf sales to increase approximately 15% in fiscal 2026, while Construction & Forestry sales are also projected to rise about 15%. However, the company forecasts Production & Precision Agriculture sales to decline 5% to 10% due to continued weakness in the large agriculture market.
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