CLAIM #20395 · DE (DE) · 2026Q1 earnings call · Feb 19, 2026 · due Oct 31, 2026
“Yes. I mean as we look through the balance of the year for equipment operations as a total, our expectation is to see a bit of growth as we move through the entire of the year.”
Josh Beal · Director of Investor Relations
How to check this claim
Look at: Equipment Operations net sales growth (year-over-year), quarterly for Q2-Q4 FY2026
It came true if: Year-over-year Equipment Operations net sales growth positive (>0%) in each of Q2, Q3, and Q4, generally in mid-single-digit percentage range
Where: Deere & Company quarterly earnings release / 10-Q segment data (Equipment Operations net sales)
In context
“ignal some price increase. The timing of that, we're keeping an eye on. Many of our competitors still have a lot of inventory in the field. So as those price increases for 2026 start to manifest themselves in transaction price, there's a bit of a lag there that creates some pressure. But overall, as we said, we feel good about the price increases that we've taken and the opportunity to continue to drive increased realization as we move through the course of the year. Operator: Our last question comes from Evan McCall from BMO Capital Markets. Unknown Analyst: It's Evan on for Joel. Just want to talk about your cadence of earnings for the year. If you could just give some color on that? And if you see growth in Q3 as possible? Or would Q4 be the first possible quarter of growth? Josh Beal: Yes. I mean as we look through the balance of the year for equipment operations as a total, our expectation is to see a bit of growth as we move through the entire of the year. I mean it's less Evan, than we saw in Q1. As we mentioned, in Q1, we lapped some significant underproduction, particularly in construction and forestry last year. So it's an easier comp in Q1, but you'd expect to see kind of mid-single-digit growth for most quarters for the balance of the year. Joshua Jepsen: Yes. I think PPA, if you look at that one specifically, Evan and think about that, you're probably -- the toughest comp is 2Q and then get easier when you get to the back half of the year from a top line perspective. And then you've got kind of the, call it, a pretty equal tariff burden as you move through the year. Josh Beal: It looks like that's the last call we have for the day. Thanks all for taking the time -- taking time with us today. We appreciate your time, and thanks for jo”
Verify independently
SEC filings for DE ↗ · Claim quote is verbatim from the 2026Q1 earnings call.