Deere & Company (NYSE) DE

Deere & Co. makes heavy machines that help farmers and builders work more efficiently. These tools solve problems for people growing food, logging forests, and constructing roads. The company also offers loans to help its customers buy or lease this expensive equipment.

Inside the Tool Shed

• Production and Precision Agriculture: Large machinery and high-tech systems for grain, cotton, and sugar growers; generated $4.5 billion in segment net sales and revenues in the second quarter of 2026.
• Small Agriculture and Turf: Utility tractors and lawn equipment for dairy farmers and homeowners; brought in $3.5 billion in segment net sales and revenues in the second quarter of 2026.
• Construction and Forestry: Earthmoving and timber machines like excavators, loaders, and log harvesters; accounted for $3.8 billion in segment net sales and revenues in the second quarter of 2026.
• Financial Services: Financing and leasing programs for new and used equipment through John Deere dealers; provided $1.4 billion in segment revenue in the second quarter of 2026.

Expanding the Map

• Acquired Tenna LLC in February 2026 to improve technology for managing construction equipment fleets.
• Partnered with Banco Bradesco S.A. in February 2025, which took a 50% stake in Banco John Deere S.A. to support Brazilian operations.
• Launched Deere Funding Canada Corp., which issued $500 million in senior notes in October 2025 to fund growth.

Precision Meets Power

Deere integrates advanced software and asset tracking into its machinery to help customers increase their profits. It manages these operations through a global network of independent dealers and major retail outlets.

By the Numbers

• Total net sales and revenues reached $13.4 billion in the second quarter of 2026, up 4.7% from $12.8 billion in the second quarter of 2025.
• Operating income hit $2 billion in the second quarter of 2026.
• Net income attributable to the company was $1.8 billion in the second quarter of 2026, down 1.7% from the same period in 2025.

Planting Seeds for the Future

Deere has evolved from a traditional equipment manufacturer into a technology-focused industrial leader. By combining high-tech machinery with specialized financial services, the company remains a central player in the global food and infrastructure systems.