Deere raises FY2026 net income outlook to $4.75B-$5.00B

Earnings
โดย Seeking Alpha·US·Read original
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Deere & Company raised its fiscal 2026 net income outlook to a range of $4.75 billion to $5.00 billion while improving its equipment operations cash flow outlook to $5 billion to $5.5 billion. The company reported third-quarter net sales and revenues up 5% to $12.608 billion, with net income attributable to Deere of $1.379 billion, or $5.10 per diluted share. Management cited a strong fourth quarter order book across all segments and said early order programs for model year 2027 showed mid-single-digit improvement versus the prior year. Deere now expects direct tariff expense of approximately $1.1 billion for the fiscal year, excluding IEEPA refunds, and has recognized $382 million in refunds to date with no further refund activity assumed. Segment guidance was tightened, with Production & Precision Ag net sales now expected down approximately 10% for the year, Small Ag & Turf up approximately 15%, and Construction & Forestry up approximately 20%.

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Deere raised FY2026 net income outlook and reported strong Q3 results, boosting earnings expectations.

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