What was Deere's revenue in Q2 2026?

Deere reported revenue of $15.2 billion in Q2 2026, up 8% year-over-year.

Why did Deere's stock rise after the earnings release?

The stock rose 3.2% as earnings beat expectations, driven by strong construction and forestry segments.

Did Deere's results affect Caterpillar's stock?

Yes, Caterpillar (CAT) edged higher on positive sentiment in the heavy equipment sector.

What is Deere's outlook for the rest of the year?

Deere expects continued weakness in agriculture but strength in construction; no specific annual EPS guidance was provided.

Deere Rides Construction Boom as Farm Weakness Persists

Deere & Co. posted better-than-expected Q2 2026 results, with construction and forestry segments offsetting continued weakness in agricultural equipment sales. The stock rose 3.2% after the announcement.

Deere & Co. reported fiscal second-quarter 2026 earnings that surpassed analyst estimates, driven by robust demand in its construction and forestry divisions, which helped counterbalance ongoing headwinds in the agricultural sector.

Key Financial Results

Metric	Q2 2026	YoY Change
Revenue	$15.2 billion	+8%
Net Income	$2.1 billion	+12%
EPS	$7.50	+10%

Highlights from the Release

The company attributed the growth to infrastructure spending in North America, boosting sales of excavators and forestry equipment. Meanwhile, farm equipment sales declined as farmers faced lower crop prices and higher borrowing costs.

Guidance

Deere expects agriculture headwinds to persist in the second half of the fiscal year but sees continued strength in construction. No specific annual EPS guidance was provided.

Stock Impact

Shares of Deere (DE) rose 3.2% in after-hours trading. Caterpillar (CAT) also edged higher on positive sector sentiment.

What This Means for Investors

The results highlight Deere's diversification across agriculture and construction, reducing earnings volatility. Investors seeking infrastructure exposure may find Deere attractive, but the weak farm segment remains a risk.