Deere & Co. narrowed its annual profit outlook as a stabilizing agriculture sector points to a more pronounced rebound next year for farm machinery. The company estimated net income for the fiscal year between $4.75 billion and $5 billion, compared with its previous outlook for $4.5 billion to $5 billion. Chief Executive Officer John May said 2026 will mark the bottom of the current ag equipment cycle, citing early order program trends, improving used-equipment inventories, and increasing customer adoption of advanced technologies. The outlook follows mixed signals from rivals, with CNH Industrial raising its annual outlook and AGCO trimming its estimates.
Deere & CompanyNarrowed profit outlook and raised guidance indicate improving fundamentals.
AGCO CorporationRival AGCO trimmed its estimates, suggesting weaker performance.
CNH Industrial N.V.Rival CNH Industrial raised its annual outlook, reflecting sector stabilization.
