Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Deere & Co. NYSE: DE delivered a Q2 2026 earnings report that didn't hide the ball. That transparency makes it easy to understand why DE dropped nearly 5% after the report's release.
DE - Deere & Company
Price:
--
--
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CONSENSUS:
Hold
DETAILS
|
PRICE TARGET:
$673.62
DETAILS
HIGH:
$793.00
LOW:
$458.00
MEDIAN:
$715.00
CONSENSUS:
$673.62
UPSIDE:
27.30%
Stock News
Deere's Construction Boom Masks Deepening Farm Equipment Slump
The headline looked promising. Deere (NYSE: DE | DE Price Prediction) posted Q2 fiscal 2026 diluted EPS of $6.55, beating consensus estimates of $5.70 to $5.81, on revenue of $13.37 billion, up 5.0% year over year.
DE Q2 Earnings Call Highlights Steady 2026 Outlook
DE held its 2026 net income guide as tariffs stayed a drag, while Construction & Forestry strength and leaner ag inventories shape 2027 hopes.
Deere & Company (DE) Q2 2026 Earnings Call Transcript
Deere & Company (DE) Q2 2026 Earnings Call Transcript
Deere & Company Q2 Earnings Call Highlights
Deere & Company NYSE: DE reported higher second-quarter sales and maintained its full-year profit outlook, as strength in construction equipment and Small Ag & Turf helped offset continued weakness in large agriculture markets.
Stocks Continue Lower as Yields Resume Climb
All three major indexes are moving lower as investors eye surging crude prices and yields
Deere Shares Fall 4.4% Despite Earnings Beat and Stable Outlook
Deere (DE) shares came under pressure after investors looked past stronger-than-expected fiscal second-quarter earnings and focused instead on a farm equipment
Deere Earnings Surpass Estimates in Q2, Sales Increase Y/Y
DE beats Q2 earnings and sales estimates as Small Ag & Turf, and Construction & Forestry drive revenue growth despite weaker ag demand.
Deere tops quarterly estimates despite weak agricultural demand
Deere & Company (NYSE:DE, XETRA:DCO) reported quarterly results that came in ahead of Wall Street expectations for both sales and profit, even as weakness in agricultural equipment demand continued to weigh on its core farm machinery business. For the fiscal second quarter ended May 3, the company posted earnings per share of $6.55, slightly below $6.64 in the same period a year earlier but above analyst expectations of $5.70.
Deere (DE) Reports Q2 Earnings: Strong Performance but Concerns Persist
Deere (DE) shares are experiencing a significant decline following its fiscal Q2 earnings report, despite exceeding expectations on both revenue and earnings. I
Deere (DE) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Deere (DE) give a sense of how its business performed in the quarter ended April 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Deere (DE) Q2 Earnings and Revenues Beat Estimates
Deere (DE) came out with quarterly earnings of $6.55 per share, beating the Zacks Consensus Estimate of $5.81 per share. This compares to earnings of $6.64 per share a year ago.
Breakfast News: Nvidia Beats But The Market Yawns
NVDA outperforms but China problems persist, Bloom and Nebius announce energy deal, and more
John Deere and Starlink: How the Iconic Tractor Maker Quietly Became a SpaceX Partner
I've been following Deere (NYSE:DE | DE Price Prediction) for years as a slow-moving industrial bet, and the most interesting line in agriculture right now sits buried inside SpaceX's S-1 filing, where the iconic green-and-yellow brand shows up as a Starlink customer.
Deere Sales Rise as Construction Growth Offsets Agriculture Weakness
Deere posted higher fiscal second-quarter sales as growth in the company's construction equipment business helped to offset weakness in its production agriculture segment.
Deere Reports Second Quarter Net Income of $1.773 Billion
Strong execution across segments drives solid performance, reflecting portfolio strength. Net income guidance maintained, reinforcing confidence amid market volatility.
Deere Earnings Due. It Also Has A Caterpillar-Like Growth Lever.
The earnings report is likely to show a sharp decline, with relief seen ahead.
Deere Reports Earnings Thursday. Here's How Much Traders Expect Its Stock to Move
Deere & Co. is slated to report earnings ahead of the opening bell Thursday, with traders anticipating a big move in the farming and construction equipment maker's stock after the results.
Caterpillar vs. Deere: Which Heavy Equipment Stock is the Better Buy?
CAT's rising revenues and stronger earnings growth give it an edge over DE despite tariff pressures.
Deere Gears Up to Report Q2 Earnings: What to Expect for the Stock?
DE braces for Q2 results, with earnings expected to fall 12.5% y/y despite higher revenues, as weak farm spending and rising costs weigh on the outlook.
Price Targets
Deere (DE) PT Lowered to $685 at DA Davidson Following Q2 Results
$685.00
(was $522.86)
Michael Shlisky
·
D.A. Davidson
Deere price target lowered to $625 from $675 at Citi
$625.00
(was $599.48)
Industrial Alliance Securities
Deere price target raised to $765 from $545 at Raymond James
$765.00
(was $653.68)
Raymond James
Deere price target raised to $730 from $560 at Morgan Stanley
$730.00
(was $651.44)
Morgan Stanley
Deere (DE) PT Raised to $775 at DA Davidson Following Q1 Results
$775.00
(was $648.92)
Michael Shlisky
·
D.A. Davidson
Deere price target raised to $750 from $543 at Wells Fargo
$750.00
(was $662.49)
Wells Fargo
Deere downgraded to Underperform from Hold at Jefferies
$550.00
(was $662.49)
Jefferies
Deere price target raised to $736 from $541 at RBC Capital
$736.00
(was $660.02)
RBC Capital
Deere price target raised to $715 from $531 at Oppenheimer
$715.00
(was $661.82)
Kristen Owen
·
Oppenheimer
Deere price target raised to $775 from $535 at UBS
$775.00
(was $659.94)
UBS
Deere (DE) PT Raised to $500 at BMO Capital
$500.00
(was $657.33)
Joel Jackson
·
BMO Capital
Deere (DE) PT Raised to $793 at Truist Securities
$793.00
(was $657.04)
Jamie Cook
·
Truist Financial
Deere price target raised to $675 from $467 at Baird
$675.00
(was $662.00)
Robert W. Baird
BMO Capital Reiterates Market Perform Rating on Deere (DE)
$460.00
(was $464.92)
Joel Jackson
·
BMO Capital
Deere price target raised to $560 from $500 at Morgan Stanley
$560.00
(was $468.48)
Morgan Stanley
Deere price target raised to $475 from $440 at Jefferies
$475.00
(was $467.31)
Stephen Volkmann
·
Jefferies
DA Davidson Reiterates Buy Rating on Deere (DE) Post Q4 Results
$580.00
(was $472.15)
Michael Shlisky
·
D.A. Davidson
Deere price target raised to $531 from $512 at Oppenheimer
$531.00
(was $464.59)
Oppenheimer
Deere (DE) PT Lowered to $458 at Evercore ISIMember Login
$458.00
(was $472.14)
Evercore ISI
Deere (DE) PT Raised to $612 at Truist Securities
$612.00
(was $469.87)
Jamie Cook
·
Truist Financial