Deere narrows profit outlook, sees farm recovery in 2027
Construction and small-tractor demand offset weak large-farm machinery sales as Deere reported a 6% revenue increase and a $110 million tariff refund.
- On Thursday, Deere & Company raised its 2026 full-year net income forecast to $4.75 billion–$5 billion after reporting its first year-over-year quarterly profit gain in three years.
- Strength in the construction and forestry segment, fueled by AI-driven infrastructure spending, offset ongoing weakness in large farm machinery sales, with the unit posting an 84% jump in operating profit.
- Quarterly revenue rose 6% to $11 billion, aided by a $110 million U.S. tariff refund, while the company reported profit of $5.10 per share, surpassing analyst estimates of $4.70.
- Deere's Small Agriculture and Turf segment posted a 12% revenue gain to $3.38 billion, while operating profit for the division rose 28% to $622 million, supported by improving dairy and beef prices.
- Chief Executive Officer John C. May affirmed 2026 should mark the bottom of the agricultural equipment cycle, though the company expects annual sales declines in key regions for the year.
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Deere & Company (DE) Q3 2026 Earnings Call Transcript
Follow Deere & Company (DE) Q3 2026 Earnings Call August 20, 2026 10:00 AM EDT Company Participants Christopher Seibert – Director of Investor RelationsDan PulleyBrent Norwood – CFO & Senior VPDeanna Kovar – President of Worldwide Ag & Turf Div, Production and Precision Ag and Americas and Australia Conference Call Participants Jamie Cook – Truist Securities, Inc., Research DivisionTami Zakaria – JPMorgan Chase & Co, Research DivisionKristen …
Deere posted its first quarterly profit rise in nearly three years, lifted by construction
The equipment maker raised its full-year net income forecast to $4.75 billion–$5 billion after its construction and forestry segment posted an 84% jump in operating profit
Deere posts first quarterly profit rise in three years
Deere, the world's largest farm equipment manufacturer, has raised its full-year net income forecast and posted its first rise in quarterly profit in three years on the back of an AI-driven construction boom and tariff refunds.
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