Deere beats Q2 sales and profit estimates despite weak farm equipment demand

Deere & Company reported Q2 earnings per share of $6.55 and net income of $1.77 billion, surpassing analyst expectations despite a 14% drop in large farm equipment sales. Total sales rose 5% to $13.37 billion, driven by strength in small agriculture, turf, construction, and forestry segments. However, ongoing challenges in the agricultural sector, including weak crop prices and high input costs, continue to pressure demand. Deere maintained its full-year net income forecast, signaling cautious outlook for the second half of 2026.