John Deere reported first-quarter (Q1) net income attributable to shareholders of USD 656.00 million, down 25%, with fully diluted EPS of USD 2.42. Worldwide net sales and revenues rose 13% to USD 9.61 billion, including net sales of USD 8.00 billion. By segment, Production & Precision Agriculture Q1 net sales were USD 3.16 billion and operating profit was USD 139.00 million (operating margin 4.4%); the company cited higher tariffs, unfavorable sales mix and higher warranty expenses as key factors affecting profit. Small Agriculture & Turf Q1 net sales increased 24% to USD 2.17 billion and operating profit rose 58% to USD 196.00 million (operating margin 9.0%), driven by higher shipment volumes/sales mix and price realization, partly offset by higher tariffs. Construction & Forestry Q1 net sales increased 34% to USD 2.67 billion and operating profit more than doubled to USD 137.00 million (operating margin 5.1%), supported by higher shipment volumes/sales mix and production efficiencies, partly offset by higher tariffs. Financial Services Q1 net income was USD 244.00 million, up 6%, reflecting favorable financing spreads and a lower provision for credit losses. For fiscal 2026, John Deere raised its net income guidance range to USD 4.50 billion to USD 5.00 billion, and said Q1 shipments were ahead of plan as order books strengthen, while highlighting continued investment in R&D ahead of planned product and solution launches across segments.
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