Deere & Company reported third-quarter fiscal 2026 net income of $1.379 billion, up 7% year over year, with diluted EPS rising to $5.10 from $4.75, driven by its Construction and Forestry and Small Ag and Turf segments even as its largest division, Production and Precision Agriculture, saw sales decline. Construction and Forestry net sales rose 18% to $3.618 billion with operating margin jumping to 12.1%, while Small Ag and Turf net sales grew 12% to $3.383 billion with margin expanding to 18.4%. In contrast, Production and Precision Agriculture net sales fell 6% to $3.998 billion, and management now expects full-year sales for that segment to be down roughly 10%. Deere raised its full-year net income guidance to $4.75 billion to $5.00 billion and booked $382 million in tariff refunds so far this fiscal year, though it still expects about $1.1 billion in direct tariff expense. The company also highlighted strong technology adoption, with See & Spray expected to nearly double and the John Deere Operations Center tracking 520 million engaged acres.
Deere & CompanyQ3 profit up 7%, EPS beat, raised full-year guidance
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