Deere & Company Q1 2026 Earnings Recap

Deere & Company delivered strong first-quarter results, reporting a 13% increase in net sales, driven by solid performance across all business segments and improved order volumes.

Key Takeaways

• Net sales reached $9.611 billion, with equipment operations sales up 18% to $8.001 billion, outperforming expectations.
• Operating margin for equipment operations stood at 5.9%, reflecting the resilience of a diversified portfolio.
• Small Ag & Turf segment experienced a 24% sales increase, bolstered by shipping volumes and favorable currency impacts.
• Improved outlook for North American large ag sales, despite a challenging South American market, projecting mid-single-digit growth for the year.
• Positive momentum in order books across multiple product lines, particularly in construction and small ag, signals a strengthening market.