HIVE Weaponizes Power for an AI Pivot 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.
On the company’s earnings call, Director of Investor Relations Chris Seibert said Deere delivered year-over-year net sales growth of 5% and an equipment operations margin of 16.9%, reflecting “solid execution and a strong, diversified portfolio of businesses spanning multiple industries and geographies.” – Dollar at a 3-Year Low: 3 Exporters Quietly Printing Money For the quarter, Deere reported net sales and revenues of $13.369 billion, up 5% from the prior year
Equipment operations net sales rose 5% to $11.778 billion. Net income attributable to Deere & Company was $1.773 billion, or $6.55 per diluted share. The company maintained its fiscal 2026 net income forecast of $4.5 billion to $5 billion.
Deere also continues to expect equipment operations cash flow of $4.5 billion to $5.5 billion. Its effective tax rate guidance is now 24% to 26%. Tariff Refunds Boost Quarterly Margins – 3 Agriculture Stocks to Buy as Food Inflation Stays Elevated in 2026 A notable item in the quarter was a $272 million recovery tied to refund claims related to IEPA tariffs.