Deere & CompanyDE
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Deere raised fiscal 2026 outlook and reported strong Q3 earnings.
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Climate Adaptation & Water
Deere & CompanyDeere & Company reported higher third-quarter revenue and raised its fiscal 2026 outlook, citing operating execution, improving inventory health and continued strength in its construction and small agriculture businesses despite soft conditions in portions of the global farm-equipment market. Net sales and revenues rose 5% from a year earlier to $12.61 billion, while equipment-operations net sales increased 6% to $11.0 billion. Net income attributable to Deere was $1.38 billion, or $5.10 per diluted share, and equipment operations produced a 14.4% operating margin. The company increased its fiscal 2026 net-income forecast to a range of $4.75 billion to $5 billion and lifted its expected equipment-operations cash flow to between $5 billion and $5.5 billion. Segment performance varied, with Production & Precision Ag sales falling 6% to $4.0 billion, Small Ag & Turf sales rising 12% to $3.38 billion, and Construction & Forestry sales growing 18% to $3.62 billion. Deere also lowered its fiscal 2026 direct tariff-expense estimate to about $1.1 billion, though tariffs are expected to become a larger headwind in fiscal 2027.
Deere & CompanyDeere raised fiscal 2026 outlook and reported strong Q3 earnings.