Joshua Jepsen Resigns as CFO of Deere & Company
In a regulatory filing, the company said, "On January 20, 2026, Joshua Jepsen notified Deere & Company of his decision to resign as Senior Vice President and Chief Financial Officer of the company effective as of February 19, 2026. Jepsen's decision to leave the company is not related to any financial or accounting issue or any disagreement with the company on any matter relating to the company's operations, policies, or practices. On January 21, 2026, the company appointed Ryan Campbell to serve as acting Chief Financial Officer on an interim basis, effective February 19, 2026, until the company appoints a permanent replacement. The company intends to conduct a search of potential internal and external candidates to replace Jepsen. Ryan Campbell has served as President, Worldwide Construction & Forestry and Power Systems of the company since May 2022. He previously served as Senior Vice President, Chief Financial Officer of the company from March 2019 to May 2022."
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- Market Sentiment Shift: As fears grow that artificial intelligence could disrupt demand rather than enhance it, software and AI-exposed stocks have faced significant sell-offs at the start of 2023, particularly in February, leading investors to reassess their risk exposure.
- Capital Flow Changes: Goldman Sachs equity strategist Ben Snider indicates that capital is rotating towards sectors perceived as insulated from AI disruption, marking a clear departure from last year's market strategies and reflecting diminished investor confidence in AI themes.
- Cyclical Industry Rally: Despite software stocks experiencing one of their worst weeks since the 2022 rate-hike panic, cyclical and consumer-linked industries have continued their recent rallies, indicating a growing preference for traditional sectors among investors.
- Strong Dow Jones Performance: Amid the decline in software stocks, the Dow Jones Industrial Average has rallied towards all-time highs, suggesting increased investor confidence in industries tied to physical assets and cyclical activity, further emphasizing the market's demand for safety from AI-driven productivity risks.
- Earnings Call Schedule: Deere & Company will hold its Q1 2026 earnings call on February 19, 2026, at 9:00 a.m. Central Time, where financial and operational performance will be discussed with analysts and investors, ensuring transparency and information sharing.
- Access Method: The earnings call will be accessible via Deere's official website, allowing investors and analysts to participate through www.JohnDeere.com/earnings, enhancing interaction with the financial community.
- Recording Availability: After the call, a recording will be available on the Deere website for a period of time, enabling stakeholders who could not attend live to review the content, ensuring widespread dissemination of information.
- Company Background: Founded nearly 200 years ago, Deere focuses on innovation across agriculture, construction, and forestry, emphasizing its crucial role in global food, fiber, fuel, and infrastructure production, showcasing the broad impact of its business.
- Earnings Call Schedule: Deere & Company will hold its Q1 2026 earnings call on February 19, 2026, at 9:00 a.m. Central Time, where financial and operational performance will be discussed with analysts and investors, aiming to enhance transparency and attract investor interest.
- Access Information: Investors can access the earnings call at www.JohnDeere.com/earnings, and a recorded version will be available on the company’s website afterward, ensuring that those unable to participate live can still obtain key information.
- Financial Information Availability: In addition to the call, Deere will provide its earnings release, other financial information, and the earnings call presentation at the same link, further enhancing accessibility and transparency of information to help investors make informed decisions.
- Company Background: Founded nearly 200 years ago, Deere focuses on innovation across agriculture, construction, and forestry, emphasizing its critical role in global food, fiber, and infrastructure production, which aims to strengthen brand image and attract a broader customer base.
- Earnings Call Schedule: Deere & Company will hold its Q1 2026 earnings call on February 19, 2026, at 9:00 AM Central Time, where financial and operational performance will be discussed with analysts and investors, ensuring transparency and information sharing.
- Access Method: The call will be accessible via Deere's official website (www.JohnDeere.com/earnings), allowing global investors and analysts to obtain real-time information, thereby enhancing interaction between the company and its investors.
- Recording Availability: After the call, a recording will be available on Deere's website for a period of time, ensuring that stakeholders who cannot participate live can access key information, thus improving information accessibility.
- Company Background: Founded nearly 200 years ago, Deere is committed to driving innovation across agriculture, construction, and forestry, emphasizing its crucial role in global food, fiber, and infrastructure production, showcasing its extensive market influence.
- Financial Announcement: The company is set to announce its financial results for the first quarter of 2026.
- Expectations: Stakeholders are anticipating insights into the company's performance and future outlook during this announcement.
- AI Technology Implementation: Deere & Co. (DE) is testing 'autonomy-ready' models like self-driving tractors, which are expected to significantly enhance agricultural productivity and solidify the company's market leadership in agricultural automation.
- Product Innovation: The new smart sprayers equipped with AI can identify weeds in fields and spray them directly, potentially reducing herbicide usage by up to two-thirds, thereby lowering production costs for farmers and enhancing sustainability.
- Dividend Growth Potential: Deere's dividend has increased by 80% over the past five years, and despite challenges in the agricultural cycle, the company's strong financial position and reasonable payout ratio of 53% provide assurance for future dividend growth.
- Market Opportunity Recognition: Although agricultural equipment sales are projected to decline by 15% to 20% before 2026, management believes that 2026 will mark the bottom of the agricultural cycle, indicating potential for future rebounds and attracting long-term investor interest.










