Earnings summaries and quarterly performance for DEERE &.
Executive leadership at DEERE &.
John C. May
Detailed
Chairman and Chief Executive Officer
CEO
CJ
Cory J. Reed
Detailed
President, Lifecycle Solutions, Supply Management, and Customer Success
DK
Deanna Kovar
Detailed
President, Worldwide Agriculture & Turf Division: Production and Precision Ag (Americas and Australia)
JA
Joshua A. Jepsen
Detailed
Senior Vice President and Chief Financial Officer
JR
Justin Rose
Detailed
President, Worldwide Agriculture & Turf Division: Small Agriculture and Turf (Europe, Africa, and Asia)
KL
Kellye L. Walker
Detailed
Senior Vice President & Chief Legal Officer, Global Law Services & Regulatory Affairs
RK
Rajesh Kalathur
Detailed
President, John Deere Financial, and Chief Information Officer
RD
Ryan D. Campbell
Detailed
President, Worldwide Construction & Forestry and Power Systems
Board of directors at DEERE &.
AC
Alan C. Heuberger
Detailed
Director
DL
Dmitri L. Stockton
Detailed
Director
GR
Gregory R. Page
Detailed
Director
LN
L. Neil Hunn
Detailed
Director
LG
Leanne G. Caret
Detailed
Director
MO
Michael O. Johanns
Detailed
Director
RP
R. Preston Feight
Detailed
Director
SG
Sheila G. Talton
Detailed
Director
SM
Sherry M. Smith
Detailed
Lead Independent Director
TA
Tamra A. Erwin
Detailed
Director
Research analysts who have asked questions during DEERE & earnings calls.
DR
David Raso
Evercore ISI
6 questions for DE
Also covers: CAT, CMI, CNH +11 more
Jamie Cook
Truist Securities
6 questions for DE
Also covers: ACM, AGCO, AME +17 more
JR
Jerry Revich
Goldman Sachs Group Inc.
5 questions for DE
Also covers: AGCO, ALSN, ATMU +28 more
Kristen Owen
Oppenheimer & Co. Inc.
5 questions for DE
Also covers: , AGCO, AVNT +15 more
SF
Steven Fisher
UBS
4 questions for DE
Also covers: ACM, AGCO, BBCP +22 more
AC
Angel Castillo Malpica
Morgan Stanley
3 questions for DE
Also covers: AGCO, ALSN, CAT +15 more
Robert Wertheimer
Melius Research
3 questions for DE
Also covers: ALSN, AME, CAT +12 more
TT
Tim Thein
Raymond James Financial
3 questions for DE
Also covers: AGCO, ALSN, CMI +9 more
CA
Charles Albert Edward Dillard
AllianceBernstein L.P.
2 questions for DE
Kyle Menges
Citigroup
2 questions for DE
Also covers: AGCO, ALH, ALSN +11 more
SV
Stephen Volkman
Jefferies Financial Group Inc.
2 questions for DE
SV
Stephen Volkmann
Jefferies
2 questions for DE
Also covers: AGCO, CARR, CAT +20 more
TZ
Tami Zakaria
JPMorgan Chase & Co.
2 questions for DE
Also covers: ADM, AGCO, ALSN +23 more
TT
Timothy Thein
Raymond James
2 questions for DE
Also covers: AGCO, ALSN, CAT +14 more
Chad Dillard
AllianceBernstein
1 question for DE
Also covers: CAT, CMI, HUBB +6 more
CA
Charles Albert Dillard
Bernstein
1 question for DE
Also covers: CAT, CMI, ETN +6 more
Jairam Nathan
Daiwa Capital Markets
1 question for DE
Also covers: ALV, CAT, CGNX +1 more
Joel Jackson
BMO Capital Markets
1 question for DE
Also covers: AGCO, ALB, ALTM +11 more
MD
Mircea Dobre
Robert W. Baird & Co.
1 question for DE
Also covers: AGCO, ALG, ASTE +15 more
Paddy Bogart
Melius Research LLC
1 question for DE
Recent press releases and 8-K filings for DE.
Deere outlines Smart Industrial progress and growth targets
DE
Guidance Update
Product Launch
New Projects/Investments
- Deere’s Smart Industrial strategy has connected 1 million machines worldwide and digitized operations on 500 million acres via the John Deere Operations Center, driving efficiency and targeting $150 billion of incremental customer economic value by 2030.
- Refined LEAP Ambitions emphasize four growth drivers—product leadership, lifecycle solutions, SaaS adoption, and inorganic M&A—while extending the goal of 10% recurring revenue beyond 2030 to pace market adoption.
- Financial mid-cycle targets include 10% net sales growth, 20% operating return on sales, and 45% operating return on assets, translating to $9 billion in annual shareholder value added and an EPS range of $40–$45, with plans to return substantially all free cash flow to shareholders.
- Construction & Forestry division aims to outpace a 5% industry CAGR (with a 12%+ tech CAGR) by launching Deere-designed excavators mid-2026 and expanding SmartGrade precision construction solutions, which saw 20% revenue growth in FY 2025.
Dec 8, 2025, 3:30 PM
Deere outlines Smart Industrial progress and 2030 targets
DE
Guidance Update
- Deere’s Smart Industrial transformation has connected over 1 million machines globally and achieved 500 million engaged acres, expanding digital tools across agriculture and construction.
- Refined LEAP Ambitions target a 10% net sales CAGR from 2025–2030 , aiming for 20% operating return on sales and 45% operating return on assets by 2030.
- The company commits to cutting upstream/downstream CO₂e 30% and operational CO₂e 50% by 2030 versus 2021.
- Growth strategy centers on product leadership, lifecycle solutions, SaaS expansion, and selective M&A to unlock over $150 billion in economic value for customers.
- John Deere Financial supports a $65 billion portfolio with >90% financing approval rates, covering two-thirds of large equipment purchases in North America and enabling tech adoption.
Dec 8, 2025, 3:30 PM
Deere & Company announces Q4 2025 results
DE
Earnings
Guidance Update
- FY 2025 net sales were $45.7 billion (down 12%) and net income was $5.03 billion (down 29%), with diluted EPS of $18.50.
- 4Q 2025 net sales rose 11% to $12.39 billion; net income was $1.07 billion and EPS was $3.93.
- FY 2026 guidance forecasts net income of $4.0–4.75 billion, an effective tax rate of 25–27%, and net operating cash flow of $4.0–5.0 billion.
- Segment outlook expects FY 2026 net sales for Production & Precision Ag to grow 5–10% (margin 11–13%), and Small Ag & Turf sales to grow ~10% (margin 12.5–14%).
Nov 26, 2025, 3:00 PM
Deere & Company reports Q4 2025 results and FY 2026 guidance
DE
Earnings
Guidance Update
- Delivered over $5 billion net income in FY 2025 with equipment operations OROS of 12.6%, including about a 1.5% tariff impact.
- Q4 2025 construction & forestry net sales rose 27% to $3.382 billion, driving a 10.3% operating margin.
- Fiscal 2026 guidance: net income $4.0 billion–$4.75 billion, effective tax rate 25%–27%, equipment operations cash flow $4 billion–$5 billion, and $1.2 billion of pre-tax tariff expense.
- FY 2026 segment outlook: production & precision ag sales down 5%–10% (margin 11%–13%); small ag & turf sales up ~10% (margin 12.5%–14%); construction & forestry net sales up ~10%.
Nov 26, 2025, 3:00 PM
John Deere reports Q4 2025 and full-year results
DE
Earnings
Guidance Update
- John Deere reported fiscal 2025 net sales of $45.7 billion (-12%), equipment operations sales of $38.9 billion (-13%), and net income of $5 billion or $18.50 EPS.
- In Q4 FY25, net sales rose 11% to $12.4 billion, equipment operations sales increased 14% to $10.6 billion, and net income was $1.1 billion or $3.93 EPS; equipment ops operating margin was 9.2% (full-year margin 12.6%).
- Fiscal 2026 guidance includes net income of $4.0–4.75 billion, $16 EPS midpoint, an effective tax rate of 25–27%, and equipment operations cash flow of $4–5 billion.
- Segment outlook: production & precision ag sales down 5–10%, small ag & turf sales up ~10%, and construction & forestry sales up ~10%; North American large ag industry sales expected down 15–20%.
- Inventory management highlights include new large ag field inventory ratios at 8–12%, and used high-horsepower tractor inventory down ~7% since March 2025, aiding market stabilization.
Nov 26, 2025, 3:00 PM
Deere & Company announces Q4 2025 results and FY 2026 guidance
DE
Earnings
Guidance Update
- Deere & Company delivered over $5 billion in net income for fiscal 2025 and achieved an equipment operations OROS margin of 12.6%, despite a tariff headwind of ~1.5 pts.
- For fiscal 2026, Deere forecasts net income of $4.0 billion–$4.75 billion, an effective tax rate of 25%–27%, equipment operations cash flow of $4 billion–$5 billion, and EPS of approximately $16.
- FY 2026 segment guidance includes Production & Precision Ag net sales down 5%–10% (operating margin 11%–13%), Small Ag & Turf net sales up ~10% (operating margin 12.5%–14%), and Construction & Forestry net sales up ~10%.
- John Deere Financial net income is expected to be $830 million in fiscal 2026, compared to $293 million in Q4 2025.
Nov 26, 2025, 3:00 PM
Deere & Company reports fourth quarter and fiscal year 2025 results
DE
Earnings
Guidance Update
- Deere & Company reported Q4 net income of $1.065 billion and EPS of $3.93, down from $1.245 billion and $4.55 a year earlier.
- Fourth-quarter net sales and revenues increased 11% to $12.394 billion, while full-year 2025 net sales and revenues decreased 12% to $45.684 billion.
- Fiscal year 2025 net income was $5.027 billion, or $18.50 EPS, compared with $7.100 billion ($25.62 EPS) in 2024.
- The company projects fiscal 2026 net income of $4.00 billion to $4.75 billion, expecting the large ag cycle to bottom out.
Nov 26, 2025, 11:27 AM
Deere & Co reports Q4 2025 earnings and FY 2026 outlook
DE
Earnings
Guidance Update
- Deere & Co delivered Q4 2025 net income of $1.065 billion (down 14% year-over-year) and full-year 2025 net income of $5.027 billion (down 29%).
- Q4 2025 net sales and revenues rose 11% to $12.394 billion, while full-year 2025 revenues declined 12% to $45.684 billion.
- The company forecasts fiscal 2026 net income of $4.00 billion to $4.75 billion, marking guidance for the bottom of the large ag cycle.
Nov 26, 2025, 11:00 AM
Deere & Co issues $500 M senior notes due 2030
DE
Debt Issuance
- On October 2, 2025, Deere Funding Canada Corporation, an indirect wholly owned subsidiary of Deere & Company, agreed to sell $500 million aggregate principal of 4.150% senior unsecured notes due October 9, 2030, fully and unconditionally guaranteed by Deere & Company.
- The Notes pay 4.150% interest per annum, payable semi-annually on April 9 and October 9, beginning April 9, 2026, and rank equally with all other senior unsecured debt of the Guarantor.
- The Issuer and Guarantor entered into a Terms Agreement with Goldman Sachs & Co. LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, and TD Securities (USA) LLC as representatives of the underwriters for the offering.
- The Notes were issued under an indenture dated June 15, 2020, and include a make-whole redemption feature (U.S. Treasury + 0.10%) or redemption at 100% of principal (plus accrued interest) on or after September 9, 2030, with a tax-call option.
Oct 9, 2025, 9:06 PM
Deere & Co reports Q3 2025 earnings
DE
Earnings
Guidance Update
- Deere & Co posted 9% sales growth to $13,152 M and 26% increase in net income to $1,734 M, with EPS of $6.29, up 24% year-over-year
- Production & Precision Ag segment net sales declined to $4,273 M from $5,099 M in Q3 2024
- Financial Services net income fell to $153 M from $205 M a year ago
- Reaffirmed FY 2025 guidance: net income $4.75–5.25 B, effective tax rate 19–21%, net operating cash flow $4.5–5.5 B, and capex of ~$1.4 B
Aug 14, 2025, 2:00 PM
Quarterly earnings call transcripts for DEERE &.
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