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Deere Reports Profit Drop, Raises Fiscal-Year Outlook

2/19/2026

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Summary

Story summary

Deere & Company reported first-quarter profit of $656 million, or $2.42 per share, down from $869 million, or $3.19 per share, the previous year.
The decline was attributed to tariffs and weak tractor demand.
Despite the drop, Deere raised its fiscal-year outlook, noting a recovery in demand within the construction and small agriculture markets.
Analysts had expected earnings of $2.02 per share, and Deere exceeded those expectations.

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Story summary

Deere & Company reported first-quarter profit of $656 million, or $2.42 per share, down from $869 million, or $3.19 per share, the previous year.
The decline was attributed to tariffs and weak tractor demand.
Despite the drop, Deere raised its fiscal-year outlook, noting a recovery in demand within the construction and small agriculture markets.
Analysts had expected earnings of $2.02 per share, and Deere exceeded those expectations.