DE Earnings

rily due to favorable financing spreads and favorable derivative valuation adjustments, partially offset by the impact of a lower average portfolio. ​ 7 ​ ​ ​ ​ ​ ​ ​ ​ Industry Outlook for Fiscal 2026 ​ ​ ​ ​ ​ ​ ​ Agriculture & Turf ​ ​ ​ ​ ​ ​ ​ U.S. & Canada: ​ ​ ​ ​ ​ ​ ​ Large Ag ​ ​ ​ ​ ​ Down 15 to 20% ​ Small Ag & Turf ​ ​ ​ ​ ​ Flat to up 5% ​ Europe

% ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Services ​ Net Income ​ ~ $860 ​ ​ ​ ​ FORWARD-LOOKING STATEMENTS Certain statements contained herein, including in the sections entitled “ Company Outlook & Summary, ” “ Industry Outlook for Fiscal 2026, ” “ Deere Segment Outlook for Fiscal 2026, ” and “ Condensed Notes to Interim Consolidated Financial Statements ” relating to f

in the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by words such as “forecast,” “guidance,” “project,” “target,” “outlook,” “prospects,” “expect,” “estimate,” “will,” “goal,” “plan,” “anticipate,” “intend,” “predict,” “believe,” “likely,” “future,” “could,” “may,” o

t Income of $656 Million ● First quarter shipments ahead of plan as order books strengthen ● Diverse customer segments and geographies enable resilience and growth ● Net income guidance range increased to $4.5 billion - $5.0 billion MOLINE, Illinois (February 19, 2026) — Deere & Company reported net income of $656 million for the first quarter ended February 1

sion for credit losses, partially offset by a favorable special item recorded in the prior period described in Note 1 to the financial statements. ​ 7 ​ ​ ​ ​ ​ ​ ​ ​ ​ Industry Outlook for Fiscal 2026 ​ ​ ​ ​ ​ Agriculture & Turf ​ ​ ​ ​ ​ ​ ​ U.S. & Canada: ​ ​ ​ ​ ​ ​ ​ Large Ag ​ ​ ​ ​ ​ Down 15 to 20% ​ Small Ag & Turf ​ ​ ​ ​ ​ Flat to up 5% ​ Europe ​ ​

RD-LOOKING STATEMENTS Certain statements contained herein, including in the section entitled “ Company Outlook & Summary, ” “ Industry Outlook for Fiscal 2026, ” “ Deere Segment Outlook for Fiscal 2026, ” and “ Condensed Notes to Interim Consolidated Financial Statements ” relating to future events, expectations, and trends constitute “ forward-looking stateme