John May on fiscal 2026 guidance
From Deere & Co ($DE) Q4 2025 Earnings Call · · Castify Earnings Call
“We expect fiscal year 26 net sales to be up around 10% for the small egg and turf segment. This includes two points of positive price realization as well as one point of positive currency translation. The segment's operating margin is projected to be between 12.5 and 14% reflecting strength in the dairy and livestock segment.”
On , John May, Chairman, President & Chief Executive Officer at Deere & Company, spoke about fiscal 2026 guidance during Deere & Co ($DE) Q4 2025 Earnings Call on Castify Earnings Call.
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.