Deere & Company (DE) earnings on August 20, 2026

Before the market opens Q2 2026

More Deere & Company earnings

Prior outlook: Pessimistic Outcome: Missed

The stock jumped 6.9% after earnings, hitting a high of 10% during the day. This reversed earlier negative sentiment.

DE price around the earnings

620.94

Change: +6.9%

2026-08-20, 20:00 UTC

Start of the measured window End of the measured window
579.20 598.46 617.73 636.99 580.63
Price series around the eventClosing price per minute from before the event to the end of the measured window.
August 20, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Missed

Thesis published
Results released

Analysts cautious, outlook negative

Analysts expect Deere's earnings and sales to shrink, and recent downgrades have added to the negative outlook. Even though the company has a strong record of beating past earnings, the current forecasts point to a continued decline.

Context analyzed before publication

Summary
Analysts cautious, outlook negative
Playbook
The setup is negative, driven mainly by weak technicals and analyst downgrades, while market sentiment is also slightly negative. The stock has been falling and underperforming the broader market.
Trend
Analyst outlook worsened sharply over the week

Analysts

Drivers

  • Analysts Negative

    Analysts project a decline in quarterly earnings per share (-0.10) and revenue (-11%), and recent downgrades from JP Morgan and Evercore ISI Group have added to the negative sentiment.

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.13
Analysts covering the stock
23
Average price target
646.75
Lowest price target
500
Highest price target
812
Upside to price target
11.4%
Quarterly earnings growth
-9.8%
Revenue growth
-11.1%
Forward EPS
22.52
Trailing EPS
17.42
Analyst moves in the last 60 days
5
  • Strong buy: 5
  • Buy: 8
  • Hold: 11
  • Sell: 0
  • Strong sell: 0
Strong buy
5
Buy
8
Hold
11
Sell
0
Strong sell
0
  • August 14, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
  • August 11, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)
  • July 17, 2026 · DA Davidson: Maintains rating (Buy → Buy)
  • July 14, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
  • July 2, 2026 · Truist Securities: Maintains rating (Buy → Buy)

News and sentiment

Drivers

  • News & sentiment Neutral

    Overall market mood is improving, but there's no specific positive news for Deere, and social media sentiment is neutral to slightly negative, with about 45% of posts being optimistic.

Evidence

Sentiment
Sentiment
Neutral
Mention volume
High
Normalized volume
99%
News
Sources (6)

Technicals

Drivers

  • Technical Negative

    The stock's trend is negative, with a 5.1% drop over the past two weeks and a 0.9% drop over the past month, significantly underperforming the S&P 500 by 4.5%.

Evidence

Price when the context was analyzed
580.64
Average true range (ATR)
2.4%
Distance to 52-week high
-11.9%
14-day change (14d)
-5.1%
30-day change (30d)
-0.9%
30-day relative strength
-4.5%
SPY change (30d)
+3.6%
Nearest support
579.61
Distance to nearest support
0.2%
Nearest resistance
586.86
Distance to nearest resistance
1.1%
Volume accumulation ratio (14d / 46d)
0.74
  • Major: 579.61 (0.2% away, 0.08 ATR, 29 touches)
  • Mid: 574.58 (1% away, 0.44 ATR, 16 touches)
  • Mid: 567.58 (2.3% away, 0.96 ATR, 12 touches)
  • Major: 586.86 (1.1% away, 0.45 ATR, 25 touches)
  • Major: 590.72 (1.7% away, 0.74 ATR, 44 touches)
  • Minor: 594.75 (2.4% away, 1.03 ATR, 8 touches)

Trends

Evidence

Average earnings surprise
+8.7%
  • May 21, 2026: actual EPS 6.55 vs estimate 5.7 (surprise +15.0%)
  • February 19, 2026: actual EPS 2.42 vs estimate 2.1 (surprise +15.4%)
  • November 26, 2025: actual EPS 3.93 vs estimate 3.83 (surprise +2.5%)
  • August 14, 2025: actual EPS 4.75 vs estimate 4.66 (surprise +1.9%)

Expected move

Drivers

  • Past earnings Positive

    Deere has beaten earnings expectations 100% of the time, with an average surprise of +8.7%, which contrasts with the current negative growth forecasts.

Implied move
+6.3%
Source
Options chain

Reactions over its last 20 earnings

Median move
5.2%
75th percentile move
6.5%
90th percentile move
8.5%
Up / down moves
8 / 12
Average up move
+6.0%
Average down move
-4.9%

Monitoring and close

What Deere & Company reported

Status
Finished
Actual EPS5.1
EPS estimate4.7
EPS surprise+8.5%
Revenue$12,608 million
Revenue estimate$10,730 million
Revenue surprise+17.5%

Deere beat third-quarter expectations, driven by construction and data centers. Shares rose despite a sluggish farming economy. The sector shows optimism.

Sources (32)

Pre-market second reading after the results

Verdict
Beat expectations

Heading into the open, results beat expectations on both earnings and revenue, and the price is indicating +2.5% pre-market, a move below the stock's usual reaction (about 5%). The figures don't confirm the prior scenario: in past cases, the comparable cases aren't consistent enough.

How the stock reacted

Outcome
Missed
Consolidated
+6.9%
Max favorable move (MFE)
0.3%
Max adverse move (MAE)
10.1%