Deere & Company (DE): What to Expect from Fiscal Second-Quarter 2026 Earnings
Key Takeaways
- Analysts expect Deere & Company to report fiscal second-quarter 2026 earnings per share of approximately $5.74 to $5.87.
- Consensus revenue estimates stand near $11.5 billion, reflecting continued pressure from soft large-agriculture demand.
- Investors will focus on order book trends, construction equipment recovery, and updated fiscal 2026 net income guidance.
- The company has beaten earnings estimates in three of the last four quarters.
- Management commentary on tariffs, production costs, and small-agriculture segment performance will be closely watched.
Why This Earnings Report Matters
Deere & Company reports results on a fiscal calendar that ends in October. Its second quarter covers the period from February through April. This report arrives amid a challenging cycle for large agricultural equipment, where high interest rates and lower farm incomes have weighed on demand. Yet construction and small agriculture segments have shown signs of stabilization. The upcoming results will help investors gauge whether the company is nearing the bottom of the current downturn and whether recent resilience in orders can support a recovery in the second half of the year.
What Analysts Are Expecting
Wall Street consensus calls for DE to post diluted earnings per share of roughly $5.74 on revenue of about $11.50 billion for the fiscal second quarter of 2026. These figures represent year-over-year declines from the prior-year quarter, consistent with softer large-tractor and combine sales. Analysts note a relatively wide range of estimates, reflecting uncertainty around tariff impacts and the pace of construction equipment demand. Investors will also monitor any updates to the company’s full-year net income guidance, which was last provided in February.
Historically, Deere has delivered beats on earnings in most recent quarters. The stock’s reaction to this report will likely hinge on whether actual results align with or exceed lowered expectations and on forward commentary about order intake.
Market Reaction and Investor Sentiment
Sentiment heading into the report remains cautious, with shares trading near multi-month highs after a strong rebound in construction-related orders. Investors are pricing in modest downside risk given the expected earnings decline, yet any positive surprise on margins or guidance could trigger a relief rally. Key risk factors include further weakness in farm cash flows and potential tariff-related cost pressures that could compress profitability.
Enhancing My Research with AI Tools
I often turn to Tickeron’s AI Screener to quickly compare DE against peers in the machinery sector and spot any emerging technical patterns ahead of earnings. This tool lets me filter by fundamentals, volatility, and AI-driven signals in one place, which helps refine my view on whether the stock’s current positioning aligns with the expected results.
Forward Outlook and Key Factors to Monitor
Following the earnings release, attention will turn to management’s outlook for the remainder of fiscal 2026. Investors should watch for any revision to the full-year net income range and details on how the company plans to manage production amid shifting demand.
Another important area is the health of the order book, particularly in the construction equipment segment where recent shipments have exceeded expectations. Strength here could offset continued softness in large agriculture.
Cost trends will also matter. Management has highlighted tariff impacts in recent quarters, and updates on production costs or pricing actions could influence margin forecasts for the back half of the year.
Finally, broader industry dynamics such as U.S. farm income projections and interest-rate expectations will help shape the longer-term demand picture for Deere’s equipment.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Contributor
Financial writer and active order flow futures trader with a focus on fundamental analysis, macroeconomic factors, and equity research. I make in-depth blogs on stocks and ETFs, bridging the gap between raw market data and real-world trading decisions.
DE sees MACD Histogram just turned negative
DE saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on September 25, 2026. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 44 instances where the indicator turned negative. In 29 of the 44 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 66%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for DE moved out of overbought territory on September 24, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In 19 of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at 58%.
The Momentum Indicator moved below the 0 level on October 05, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on DE as a result. In 51 of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 61%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where DE declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 56%.
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 38 of 64 cases where DE's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 59%.
Following a +3.62% 3-day Advance, the price is estimated to grow further. Considering data from situations where DE advanced for three days, in 199 of 332 cases, the price rose further within the following month. The odds of a continued upward trend are 60%.
DE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 117 of 210 cases where DE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 56%.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 11 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 17 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 81, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 42 (best 1 - 100 worst), indicating steady price growth. DE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 49 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 68 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: DE's P/B Ratio (6.645) is slightly higher than the industry average of (2.582). P/E Ratio (38.332) is within average values for comparable stocks, (34.809). Projected Growth (PEG Ratio) (1.600) is also within normal values, averaging (1.745). Dividend Yield (0.009) settles around the average of (0.009) among similar stocks. DE's P/S Ratio (3.868) is very high in comparison to the industry average of (1.128).
The Tickeron Seasonality Score of 75 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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a manufacturer of agricultural, industrial, commercial and consumer equipment
Industry TrucksConstructionFarmMachinery
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