John May on market expansion
From Deere & Company Q2 2026 Earnings Call | Advanced Production Ag Tech Adoption Stabilizes Margins. · · Investing 101
“Vera opens a brand new 200 billion TAM for NVIDIA, a market we have never addressed before, and every major hyperscaler is partnering with us to get it deployed.”
On , John May, Chairman, President & Chief Executive Officer at Deere & Company, spoke about market expansion during Deere & Company Q2 2026 Earnings Call | Advanced Production Ag Tech Adoption Stabilizes Margins. on Investing 101.
About John May
John May, Chairman, President and CEO of Deere & Company, discussed the company’s performance and outlook during recent earnings calls. On the Q2 2026 call, May noted that the company returned $635 million to shareholders through share repurchases and dividends. He stated that Deere is not surcharging customers on tariffs, instead focusing on reducing tariff exposure through cost actions such as reshoring and ensuring USMCA compliance. May also said that data center construction is expected to top $100 billion in 2026, which he described as positive for Deere’s customers in large-scale site preparation and utility contracting. On the Q4 2025 call, May said that 2025 was a year of significant challenges and uncertainty, but that the company demonstrated resilience and delivered over $5 billion in net income with equipment operations margins of 12.6%. He noted that the company began taking orders for its autonomous rowcrop tillage solution for spring delivery. May also projected fiscal year 2026 net income in the range of $4 to $4.75 billion, including an estimated $1.2 billion in pre-tax direct tariff expenses. He expressed pride in the team’s efforts to assess and mitigate tariff exposures and manage supply chain disruptions.