Deere & Company (DE) reported net income of $1.77 billion for the second quarter, or $6.55 per share, compared with net income of $1.80 billion, or $6.64 per share, a year ago. Worldwide net sales and revenues increased 5 percent, to $13.37 billion, for the second quarter. Net sales were $11.78 billion, compared with $11.17 billion, prior year.
For fiscal 2026, net income attributable to Deere & Company is forecasted to be in a range of $4.5 billion to $5.0 billion.
In pre-market trading on NYSE, Deere & Company shares are down 1.87 percent to $550.00.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.