Sentiment · FY2026 Q2
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“in the fall, we announced a relationship with John Deere and working with their smart grid line of guidance and technology.”
Trimble announced a new OEM relationship with John Deere involving Deere's guidance and technology line, expanding Trimble's distribution partnerships in construction equipment.
“We've had a long-standing relationship with Hitachi with good products.”
Deere acknowledges its long-standing excavator partnership with Hitachi even as it introduces its own fully Deere-designed excavators to the market.
“combined with the productivity solutions from Virtual Superintendent, who we acquired a little over a year ago”
Deere pairs its year-old acquisition Virtual Superintendent with Tenna to offer brand-agnostic mixed-fleet productivity solutions to contractors.
“Tenna provides a leading technology platform that automates contractor workflows, gives near real-time insights into equipment operations and maintenance and enhances visibility.”
Deere completed the acquisition of Tenna, a construction fleet-management technology platform, to build out the job-site layer of its Construction & Forestry strategy.
“Another key example of our growth in base precision is JDLink Boost, which brings Starlink-enabled satellite connectivity to areas of the world where terrestrial cell is insufficient for machine connectivity.”
Deere's JDLink Boost embeds Starlink (SpaceX) satellite connectivity to extend machine connectivity where cellular is unavailable; Starlink is privately held.
“Note that Deere completed this transaction with Bradesco for the sale of 50% ownership in Banco John Deere subsequent to the quarter in February.”
Deere completed the divestiture of half its stake in the Banco John Deere joint venture to Bradesco, closing out the deal that boosted the quarter's financial services results via a valuation allowance release.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Dave Raso | Evercore ISI | 7 (29%) |
| Kristen Owen | Oppenheimer | 6 (0%) |
| Tim Thein | Raymond James |
| Jerry Revich | Wells Fargo | 6 (17%) |
| Jamie Cook | Truist Securities | 6 (33%) |
| Steve Volkmann | Jefferies | 4 (25%) |
| Chad Dillard | Bernstein | 4 (0%) |
| Angel Castillo | Morgan Stanley | 4 (0%) |
| Steve Fisher | UBS | 4 (0%) |
| Rob Wertheimer | Melius Research | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Evercore ISI | 1 | 7 (29%) |
| Wells Fargo | 1 | 6 (17%) |
| Oppenheimer | 1 | 6 (0%) |
| Truist Securities | 1 | 6 (33%) |
| Raymond James | 1 | 6 (0%) |
| Melius Research | 2 | 5 (0%) |
| Jefferies | 2 | 5 (20%) |
| UBS | 2 | 5 (0%) |
Deere delivered 16% revenue growth with equipment operations up 18%, but EPS declined 24% to $2.42 as equipment operations margin compressed to 5.9% on lean North American large ag production and unfavorable mix. Full-year net income guidance was raised to $4.5-5.0 billion on broad-based improvement, with the order bank rising over 50% to its highest level since May 2024. Used inventory destock accelerated significantly while the $1.2 billion tariff guide was maintained.
Demand | Pricing | Margin | Inventory | Revenue Growth | Trade Tariffs | Geographic Expansion | Competitive Dynamics | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 3 | 3 | 1 | 2 | 2 | 1 | 1 | |
| 2025Q1 | 6 | 1 | 2 | 5 | 3 | 1 | 1 | |
| 2025Q2 | 5 | 3 | 1 | 1 | 3 | |||
| 2025Q3 | 5 | 4 | 1 | 2 | 2 | 2 | 1 | |
| 2025Q4 | 1 | 2 | 4 | 1 | 2 | 2 | ||
| 2026Q1 | 5 | 4 | 3 | 2 | 2 | 1 | 3 | 3 |
| 2026Q2 | 2 | 2 | 1 | 2 | 1 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|---|
| Demand | 3 | 6 | 5 | 1 | 5 | 2 | |
| Pricing | 3 | 1 | 5 | 4 | 2 | 4 | |
| Margin | 1 | 2 | 3 | 1 | 4 | 3 | 2 |
| Inventory | 2 | 5 | 1 | 2 | 2 | 1 | |
| Revenue Growth | 2 | 3 | 1 | 2 | 1 | 2 | |
| Trade Tariffs | 1 | 3 | 2 | 2 | 1 | 2 | |
| Geographic Expansion | 1 | 1 | 2 | 3 | 1 | ||
| Competitive Dynamics | 1 | 1 | 3 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
DE Deere & Company | 6 | +6.7% | |
| CAT Caterpillar Inc. | 9 | +22.2% | |
| PCAR Paccar | 1 | -16.2% |