{"id":40434,"date":"2026-05-22T00:22:57","date_gmt":"2026-05-22T04:22:57","guid":{"rendered":"https:\/\/sharewatch.com\/wp\/2026\/05\/22\/deere-beats-second-quarter-profit-estimate\/"},"modified":"2026-05-22T00:22:57","modified_gmt":"2026-05-22T04:22:57","slug":"deere-beats-second-quarter-profit-estimate","status":"publish","type":"post","link":"https:\/\/sharewatch.com\/wp\/2026\/05\/22\/deere-beats-second-quarter-profit-estimate\/","title":{"rendered":"Deere beats second-quarter profit estimate"},"content":{"rendered":"
\n

Farm equipment maker Deere has today beaten second-quarter profit estimates, helped by improved demand for its small agriculture and construction machinery, but kept its full-year profit forecast unchanged.<\/p>\n

Its construction segment proved a bright spot for Deere as years of weak crop prices and rising costs have led farmers to delay purchases of new farm equipment.<\/p>\n

Last month, Deere’s construction equipment rivals Caterpillar and CNH Industrial told investors that they had seen improved demand for their products, with dealers opting to add inventory.<\/p>\n

Deere’s Small Agriculture segment posted a 16% rise in revenue while the Construction segment’s revenue jumped 29% for the three months to May 3. The two segments contributed 62% to the company’s net sales, which grew 5.4% to $11.78 billion.<\/p>\n

Moline, Illinois-based Deere also said it was helped by a $272m tariff refund.<\/p>\n

The world’s largest farm equipment manufacturer, however, cited challenges in the agricultural market and kept its full-year net income target range of $4.5 billion to $5 billion unaltered.<\/p>\n

“While encouraged by the upside to the construction segment, investors are still looking for signs of recovery in the agriculture segments, which remains a mixed bag globally,” Oppenheimer analyst Kristen Owen said.<\/p>\n

Production & Precision Agriculture, the company’s largest segment, posted a 14% revenue drop amid weak demand for heavy equipment such as combine harvesters.<\/p>\n

The company is under pressure to lower costs in the segment amid expectations of lower net farm income in the US this year.<\/p>\n

Deere posted quarterly net income of $6.55 per share. Analysts on an average expected $5.70 per share, according to data compiled by LSEG.<\/p>\n

Its quarterly net sales of $11.78 billion came in ahead of analysts’ expectation of $11.54 billion.<\/p>\n<\/p>\n<\/section>\n","protected":false},"excerpt":{"rendered":"

Farm equipment maker Deere has today beaten second-quarter profit estimates, helped by improved demand for its small agriculture and construction machinery, but kept its full-year profit forecast unchanged. Its construction segment proved a bright spot for Deere as years of weak crop prices and rising costs have led farmers to delay purchases of new farm […]<\/p>\n","protected":false},"author":1,"featured_media":40435,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[19,20],"tags":[],"class_list":["post-40434","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","entry","has-media"],"_links":{"self":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/40434","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/comments?post=40434"}],"version-history":[{"count":0,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/posts\/40434\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media\/40435"}],"wp:attachment":[{"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/media?parent=40434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/categories?post=40434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sharewatch.com\/wp\/wp-json\/wp\/v2\/tags?post=40434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}