DEERE JOHN CAPITAL CORP 8-K

What Happened

• John Deere Capital Corporation filed an 8‑K on May 21, 2026 reporting its second quarter and year‑to‑date fiscal 2026 financial results. For Q2 FY2026 JDCC reported revenue of $1,167 million and net income of $151 million. Year‑to‑date revenue was $2,326 million and net income was $350 million.
• The company also furnished Deere & Company’s press release and investor presentation (Exhibits 99.1 and 99.2) related to Deere & Company’s Q2 FY2026 results and earnings call.

Key Details

• Q2 FY2026 revenue: $1,167M (down 2% vs Q2 FY2025 $1,191M).
• Q2 FY2026 net income: $151M (up 22% vs Q2 FY2025 $124M).
• Year‑to‑date revenue (FY2026): $2,326M (down 3% vs $2,389M). Year‑to‑date net income: $350M (up 24% vs $283M).
• Ending portfolio balance: $56,082M (down 3% vs $57,665M).
• Management attributed higher net income to favorable financing spreads, a lower provision for credit losses, and favorable derivative valuation adjustments, partly offset by a lower average portfolio.

Why It Matters

• These results show that JDCC’s profitability improved in Q2 and year‑to‑date despite a slightly smaller financing portfolio and lower revenue, driven by improved margins and lower credit costs.
• Investors should note the mix of stable earnings improvement and a modest decline in portfolio size — both factors can affect future interest income and credit exposure.
• The furnished Deere & Company materials provide additional context on parent company operating results and investor guidance discussed in the earnings presentation.