Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Deere & Company reported third-quarter results showing mixed but generally resilient performance across its markets.</li><li>Total net sales increased 5% to $12.608 billion, while equipment operations net sales rose 6% to $10.999 billion.</li><li>Net income attributable to Deere & Company was $1.379 billion, or $5.10 per diluted share, supported by execution and cost discipline.</li></ul>

Deere & Company reported third-quarter results showing mixed but generally resilient performance across its markets.Total net sales increased 5% to $12.608 billion, while equipment operations net sales rose 6% to $10.999 billion.Net income attributable to Deere & Company was $1.379 billion, or $5.10 per diluted share, supported by execution and cost discipline.

Deere & Company’s $12.6 Billion Quarter — Strong Execution Meets A Weak Farm Cycle!

<ul><li>Deere & Company reported second quarter net sales growth of 5% year-over-year to $13.369 billion, with equipment operations net sales increasing similarly to $11.778 billion.</li><li>Net income attributable to the company was $1.773 billion, or $6.55 per diluted share.</li><li>The equipment operations segment posted a margin of 16.9%, aided by a one-time $272 million recovery from IEEPA tariff refunds, which improved margins by approximately 2.5 percentage points.</li></ul>

Deere & Company reported second quarter net sales growth of 5% year-over-year to $13.369 billion, with equipment operations net sales increasing similarly to $11.778 billion.Net income attributable to the company was $1.773 billion, or $6.55 per diluted share.The equipment operations segment posted a margin of 16.9%, aided by a one-time $272 million recovery from IEEPA tariff refunds, which improved margins by approximately 2.5 percentage points.

Deere & Company’s $900 Million Tariff Headwind: How Much Can Mitigation Absorb?

<ul><li>Deere & Company reported a notable first-quarter performance, demonstrating the resilience and strength of its diversified portfolio across various segments and geographies.</li><li>The company experienced a 13% increase in net sales and revenue, rising to $9.61 billion, with equipment operations contributing $8.00 billion—a substantial 18% rise year-over-year.</li><li>This growth is primarily attributed to higher shipping volumes that surpassed the company's initial forecasts and robust order books extending across multiple product lines, notably in the Small Agriculture & Turf and Construction & Forestry sectors.</li></ul>

Deere & Company reported a notable first-quarter performance, demonstrating the resilience and strength of its diversified portfolio across various segments and geographies.The company experienced a 13% increase in net sales and revenue, rising to $9.61 billion, with equipment operations contributing $8.00 billion—a substantial 18% rise year-over-year.This growth is primarily attributed to higher shipping volumes that surpassed the company's initial forecasts and robust order books extending across multiple product lines, notably in the Small Agriculture & Turf and Construction & Forestry sectors.

Deere & Co And The Technology Flywheel: How Automation Is Deepening Farmer Adoption!

<ul><li>Deere & Company surged 5.4% on January 8, 2026, closing at $500.80 and briefly touching $503.88 intraday, adding over $7 billion in market capitalization despite the absence of any major corporate announcements, analyst upgrades, or material operational disclosures.</li><li>The rally came amid a broader market that was mostly flat, with the S&P 500 up just 0.01% and the Dow gaining 0.55%.</li><li>The catalyst?</li></ul>

Deere & Company surged 5.4% on January 8, 2026, closing at $500.80 and briefly touching $503.88 intraday, adding over $7 billion in market capitalization despite the absence of any major corporate announcements, analyst upgrades, or material operational disclosures.The rally came amid a broader market that was mostly flat, with the S&P 500 up just 0.01% and the Dow gaining 0.55%.The catalyst?

Deere’s $7B Surge Explained: Farm Cycles, FOMO, and a Policy Spark!

<ul><li>Deere & Company's latest fiscal results reflect a blend of strategic maneuvering and market challenges, presenting both opportunities and headwinds for potential investors.</li><li>The company reported a decrease in net sales and revenues for fiscal year 2025 by 12% to $45.7 billion, with equipment operations specifically seeing a 13% decline to $38.9 billion.</li><li>Despite these reductions, the company achieved over $5 billion in net income, indicating robust operational resilience amidst a challenging market landscape.</li></ul>

Deere & Company's latest fiscal results reflect a blend of strategic maneuvering and market challenges, presenting both opportunities and headwinds for potential investors.The company reported a decrease in net sales and revenues for fiscal year 2025 by 12% to $45.7 billion, with equipment operations specifically seeing a 13% decline to $38.9 billion.Despite these reductions, the company achieved over $5 billion in net income, indicating robust operational resilience amidst a challenging market landscape.

Deere & Co: From Farm Cycles to Smart Machines—Inside the Drivers Shaping Its Long-Term Outlook!

United States

Deere & Company manufactures and distributes a range of agricultural, construction and forestry, and commercial and consumer equipment.  The Company supplies replacement parts for its own products and for those of other manufacturers. Deere also provides product and parts financing services. Deere and Company extends its services and products worldwide.

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Deere & Co (DE US)

Deere & Company’s $12.6 Billion Quarter — Strong Execution Meets A Weak Farm Cycle!

Deere & Company reported third-quarter results showing mixed but generally resilient performance across its markets. Total net sales increased...

Baptista Research

Deere & Company’s $900 Million Tariff Headwind: How Much Can Mitigation Absorb?

Deere & Company reported second quarter net sales growth of 5% year-over-year to $13.369 billion, with equipment operations net sales...

Baptista Research

Deere & Co And The Technology Flywheel: How Automation Is Deepening Farmer Adoption!

Deere & Company reported a notable first-quarter performance, demonstrating the resilience and strength of its diversified portfolio across...

Baptista Research

Deere’s $7B Surge Explained: Farm Cycles, FOMO, and a Policy Spark!

Deere & Company surged 5.4% on January 8, 2026, closing at $500.80 and briefly touching $503.88 intraday, adding over $7 billion in market...

Baptista Research

Deere & Co: From Farm Cycles to Smart Machines—Inside the Drivers Shaping Its Long-Term Outlook!

Deere & Company's latest fiscal results reflect a blend of strategic maneuvering and market challenges, presenting both opportunities and...

Baptista Research

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