Overview

• Deere reported Q2 earnings per share of $6.64, surpassing analysts' consensus estimate of $5.60.
• Revenue for the quarter reached $12.76 billion, exceeding the $12.37 billion forecast but reflecting a 16% year-over-year drop.
• Sales fell across all major segments: Production & Precision Agriculture declined 21%, Small Agriculture & Turf dropped 6%, and Construction & Forestry decreased 23%.
• The company revised the lower end of its full-year profit forecast to $4.75 billion–$5.5 billion, citing a challenging macroeconomic environment.
• Deere shares rose 1% in early trading following the earnings release, as analysts adjusted ratings and price targets in response to the updated guidance.