Deere Q2 Beats, Construction Sales +29%

Deere & Company posted Q2 adjusted EPS $6.55, beating consensus $5.70 by $0.85.
Revenue rose 5% YoY to $13.37 billion, exceeding estimates of $11.56 billion.
Construction & Forestry sales surged 29% to $3.79 billion, while Small Agriculture & Turf grew 16% to $3.49 billion.
FY2026 net income guidance stays $4.5‑$5.0 billion; expects Production & Precision down 5‑10%, Small Ag up ~15%, Construction up ~20%.