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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| David Raso | Evercore ISI | 8 questions · 25% challenging |
| Kristen Owen | Oppenheimer | 7 questions · 0% challenging |
| Tim Thein | Raymond James | 7 questions · 0% challenging |
| Jerry Revich | Wells Fargo | 7 questions · 14% challenging |
| Jamie Cook | Truist Securities | 7 questions · 29% challenging |
| Steve Volkmann | Jefferies | 5 questions · 20% challenging |
| Chad Dillard | Bernstein | 5 questions · 0% challenging |
| Angel Castillo | Morgan Stanley | 5 questions · 0% challenging |
| Steve Fisher | UBS | 5 questions · 0% challenging |
| Rob Wertheimer | Melius Research | 4 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Evercore ISI | 1 analyst | 8 questions · 25% challenging |
| Oppenheimer | 1 analyst | 7 questions · 0% challenging |
| Truist Securities | 1 analyst | 7 questions · 29% challenging |
| Wells Fargo | 1 analyst | 7 questions · 14% challenging |
| Raymond James | 1 analyst | 7 questions · 0% challenging |
| Jefferies | 2 analysts | 6 questions · 17% challenging |
| Melius Research | 2 analysts | 6 questions · 0% challenging |
| UBS | 2 analysts | 6 questions · 0% challenging |
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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 |
Calendar quarter Q1 2026Earnings call Feb 19, 2026
FY2026 Q1 in brief
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.
Newest quarter FY2026 Q3 is part of Pro · see what Pro adds →
GAAP revenue YoY +16.3% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for Deere & Company (DE), FY2026 Q1: 9/10. Scores: Deere & Company’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: DE daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Net margin | FCF |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $11.14B | -27.7% | $4.55 | -44.9% | 11.2% | $4.50B |
| FY2025 Q1 | $8.51B | -30.2% | $3.19 | -48.8% | 10.2% | $-1.48B |
| FY2025 Q2 | $12.76B | -16.2% | $6.64 | -22.2% | 14.1% | $1.50B |
| FY2025 Q3 | $12.02B | -8.6% | $4.75 | -24.5% | 10.7% | $2.60B |
| FY2025 Q4 | $12.39B | +11.2% | $3.93 | -13.6% | 8.6% | $3.49B |
| FY2026 Q1Selected | $9.61B | +13.0% | $2.42 | -24.1% | 6.8% | $-1.15B |
| FY2026 Q2 | $13.37B | +4.7% | $6.55 | -1.4% | 13.3% | $1.74B |
| FY2026 Q3 | $12.61B | +4.9% | $5.10 | +7.4% | 10.9% | $1.94B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
What DE said about other companies on its FY2026 Q1 call, and what other companies said about DE on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“In the first quarter, these include IBM, GSK, John Deere, Little Caesars, Acadia Pharmaceuticals and Baileys.”
John Deere is cited as a first-quarter new-business win for Omnicom.
“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.
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| DEDeere & Company | 9 | +16.3% | All business segments delivering higher net sales with equipment ops up 18% | |
| CATCaterpillar Inc. | 9 | +22.2% | Record Backlog and All-Time Record Orders | |
| PCARPaccar | 1 | -16.2% | Cyclical revenue decline in truck segment |
All business segments delivering higher net sales with equipment ops up 18%
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| DE | 2 | 1 | 1 | 1 | 7 | 9 |
| CAT | 5 | 2 | 4 | 7 | 8 | 9 |
| PCAR | 2 | 2 | 2 | 1 | 2 | 1 |