Deere & Company (DE) AGM 2026 summary

Opening remarks and agenda

• Chairman and CEO welcomed shareholders, outlined the agenda, and confirmed meeting rules and materials were available online.

• The meeting included a review of 2025 performance, business items for shareholder voting, and a Q&A session.

Financial performance review

• Achieved $5 billion net income on $45.7 billion in net sales and revenues for 2025, with equipment operating margins at 12.6%.

• Diluted EPS reached $18.50, nearly four times higher than the previous trough.

• Production and precision ag led with $17.3 billion in sales and $2.7 billion operating profit; Small Ag and Turf and Construction and Forestry also posted strong results.

• Financial Services contributed $890 million in net income, supporting global customers and dealers.

• Returned $2.9 billion to shareholders via dividends and share repurchases in 2025.

Strategic initiatives and plans

• Over 1 million machines connected globally; Operations Center now covers 500 million engaged acres.

• Expanded digital platform to turf, construction, and road building; onboarded 3,000+ road-building customers.

• Launched autonomous tractors, retrofit autonomy kits, battery-powered tractor, and new digital solutions.

• Precision Essentials bundle and JDLink Boost drove adoption of advanced technologies, with over 24,000 kits ordered and 8,000 JDLink Boost orders in 2025.

• SmartGrade products in construction saw revenue growth of over 20% despite lower equipment sales.

• Continued investment in R&D, with 2026 spend projected at 5–6% of sales.