DEERE JOHN CAPITAL CORP 8-K

What Happened
John Deere Capital Corporation (JDCC) filed an 8-K on February 19, 2026 reporting its results of operations for the first quarter of fiscal 2026. For the quarter JDCC reported revenue of $1,159 million, net income of $199 million, and an ending portfolio balance of $54,403 million. Net income increased 25% versus Q1 2025 ($199M vs $159M) despite a 3% decline in revenue year-over-year.

Key Details

• Revenue: $1,159 million in Q1 FY2026, down 3% from $1,198 million in Q1 FY2025.
• Net income: $199 million in Q1 FY2026, up 25% from $159 million in Q1 FY2025.
• Ending portfolio balance: $54,403 million, down 2% from $55,478 million a year earlier.
• JDCC attributed the higher net income to favorable financing spreads and a lower provision for credit losses.
• Deere & Company (parent) press release and Q1 presentation were furnished as Exhibits 99.1 and 99.2 (Item 7.01).

Why It Matters
For retail investors, the filing shows JDCC delivered higher profitability in Q1 FY2026 driven by better financing spreads and lower credit provisions, even as revenue and financed portfolio size ticked down slightly. The furnished parent-company press release and presentation provide additional context on consolidated results and investor commentary. These concrete results can affect perceptions of JDCC’s earnings quality and credit performance, which are relevant to evaluating the company’s financial stability and its role supporting Deere & Company’s equipment finance business.