John Deere

13.37

Net Sales & Revenues (+5%)

6.55

Diluted EPS • Beat

3.49

Small Ag & Turf (+16%)

3.79

Construction & Forestry (+28%)

CEO John May – Key Commentary

"Our performance demonstrates the strength of our diversified portfolio... particularly reflected in Small Ag and Construction & Forestry."

- John May, Chairman & CEO

John May highlighted the resilience of the portfolio amid Large Ag challenges, continued investment in precision technology, and confidence in the Smart Industrial Operating Model.

He emphasized long-term value creation and supporting customers through the cycle.

Segment Performance

Production & Precision Ag

Small Ag & Turf

Construction & Forestry

FY2026 Industry Outlook (Interactive)

Bull Case

$780 – $850

Strong Ag recovery + Precision Tech leadership

Bear Case

$430 – $510

Prolonged downturn + tariff pressure

Investment Recommendation

BUY

Fair Value: $620 – $680

Attractive entry on dips below $550

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Q2 FY2026 Earnings • Interactive Review