Sales of powerful models are decreasing in the agricultural machinery market

Deere & Company for the first six months of the current fiscal year received $2.42 billion in net profit, which is 9.5% less than the same figure last year ($2.67 billion).

The company’s sales increased by 8% to $22.98 billion, writes Agrarheute.

In the second quarter, profit amounted to $1.77 billion (-1.7%). Revenue from the sale of equipment for this period amounted to $11.78 billion compared to $11.17 billion in the second quarter of last year.

It is noted that a significant decrease in sales is observed in the segment of large-sized machinery and precision agricultural equipment. In particular, revenue from this sector in the second quarter of the current year fell to $4.5 billion, which is a decrease of 14%.

In contrast, the sector of compact agricultural machinery and territory care demonstrated stable growth. Here, sales amounted to $3.4 billion (+16%).

Sales in the construction and forestry equipment sector increased by 29% and amounted to $3.79 billion in the second quarter.

For the full fiscal year 2026, Deere & Company expects net income of $4.5 billion to $5 billion.

Tags: machinery, John Deere