Deere Raises Fiscal 2026 Net Income Forecast to $4.75-$5 Billion

Earnings

โดย Zacks Investment Research·

Summary · why it matters

Deere & Company raised the lower end of its fiscal 2026 net income forecast to $4.75-$5 billion from the earlier $4.5-$5 billion, reflecting strong third-quarter results. Net sales from equipment operations were $11 billion, up 6.2% year over year, with Construction and Forestry net sales rising 18% to $3.62 billion and operating profit surging 84% to $436 million. The company expects Construction and Forestry sales to increase 20% in fiscal 2026, with operating earnings of 10.5-11.5%, up 9% from fiscal 2025. Deere continues to view 2026 as the bottom of the current agriculture equipment cycle, citing early order program trends, improving used-equipment inventories, and increased adoption of advanced technologies.

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