Deere shares slip as falling net income overshadows revenue beat and raised full-year guidance

Net income fell 25% twelvemonth connected twelvemonth to $656 million, oregon $2.42 per share, arsenic higher tariffs and an unfavourable income premix weighed connected profitability, adjacent arsenic full revenues roseate 13% to $9.61 billion.

The steepest diminution came successful the company's halfway Production & Precision Agriculture division, wherever operating nett collapsed 59% to $139 million, with operating borderline shrinking from 11% to 4.4%.

Bright spots emerged elsewhere, with Construction & Forestry operating nett much than doubling to $137 cardinal and Small Agriculture & Turf posting a 58% emergence successful operating nett to $196 million, some divisions benefiting from higher shipment volumes.

Despite the header net miss, Deere raised its full-year nett income guidance to a scope of $4.5 cardinal to $5 billion.

Chief enforcement John May said the institution believed 2026 represented the bottommost of the existent cultivation cycle, pointing to recovering request successful operation and tiny agriculture arsenic a instauration for aboriginal growth.