Why is Deere stock surging today?

Deere (NYSE: DE) reported Q2 CY2026 revenue of $12.61B, up 4.9% YoY, and EPS of $5.10, exceeding estimates. Analysts expect 6% revenue growth in the next 12 months. Long-term growth has been sluggish, with revenue declining 7.4% annually over the past two years.

Deere, the largest farm equipment maker, raised its 2026 net income forecast to $4.75B-$5B, up from $4.5B-$5B, citing stronger demand for smaller tractors and construction equipment.

DEERE & CO (DE) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 de-20260820xex99d1.htm EX-99.1 Exhibit 99.1 (Furnished herewith) ​ ​ ​ ​ News Release ​ ​ ​ Media Inquiries: PublicRelations@JohnDeere.com ​ Deere Reports Third Quarter Net Income of $1.379 Billion ● Disciplined execution drives stronger-than-expected results in a dynam

The FTC and several states reached an antitrust settlement with Deere & Company over “right to repair” claims. The agreement requires Deere to provide independent parties the same repair resources, including relevant software capabilities, that it supplies to authorized Deere dealers. The complaint said Deere restricted software tools to dealers, raising farmers’ repair costs.

Deere (NYSE: DE) said it will invest $20 billion in U.S. manufacturing over 10 years to expand precision agriculture, including See and Spray and John Deere Operations Center. It reported Q2 FY2026 revenue of $13.369B and diluted EPS of $6.55, with Construction & Forestry sales up 29% and Small Agriculture & Turf up 16%. CFO Norwood said FY2026 is the bottom of the ag cycle.

The FTC and five states (Illinois, Minnesota, Arizona, Michigan, and Wisconsin) filed a motion to accept a proposed settlement in a right-to-repair antitrust lawsuit against Deere & Company. The deal would require Deere to provide repair software for 10 years and pay $99 million to eligible customers. Claimants can opt out until Sept. 14; a fairness hearing is set for Oct. 29.