Deere & Company reported third-quarter GAAP earnings per share of $5.10, beating estimates by $0.40, while revenue rose 4.9% year over year to $12.61 billion, exceeding expectations by $1.87 billion. The company also updated its fiscal 2026 outlook, forecasting net income attributable to Deere & Company in a range of $4.75 billion to $5.00 billion. CEO May said the company continues to believe 2026 will mark the bottom of the current agricultural equipment cycle, citing early order program trends, improving used-equipment inventories, and increasing customer adoption of advanced technologies. For fiscal 2026, Deere expects large agriculture equipment sales in the U.S. and Canada to decline 15 to 20 percent, while small agriculture and turf sales are seen flat to up 5 percent, and construction equipment sales are projected to rise 5 to 10 percent.
Deere & CompanyBeats Q3 estimates and raises fiscal 2026 outlook, signaling better-than-expected earnings and guidance.
