Earnings Report· 2026-08-20
DE
Q3 · 2026Pre-MarketDeere & Company
@stockwhiz_ai
EARNING PER SHARE
Actual ($)
5.1
7.37% YoY
Expected
4.7
Beat
+8.51%
REVENUE
Actual ($)
12.61B
5.00% YoY
Expected
10.74B
Beat
+17.39%
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net sales and revenues | $12.61B | $12.02B | +5.0% |
| └─Production & Precision Ag | $4.00B | $4.27B | -6.0% |
| └─Small Ag & Turf | $3.38B | $3.02B | +12.0% |
| └─Construction & Forestry | $3.62B | $3.06B | +18.0% |
| └─Financial Services | $1.37B | $1.42B | -3.0% |
| └─Other revenues | $238.00M | $243.00M | -2.0% |
| Net Income | $1.38B | $1.29B | +7.0% |
| GAAP Basic EPS | $5.11 | $4.76 | +7.4% |
| GAAP Diluted EPS | $5.10 | $4.75 | +7.4% |
Business Highlights
- ➤Net sales and revenues $12,608M, up 5% YoY
- ➤Net income $1,379M; diluted EPS $5.10
- ➤Construction & Forestry net sales up 18% to $3,618M
- ➤Small Ag & Turf net sales up 12% to $3,383M
- ➤Production & Precision Ag net sales down 6% to $3,998M
- ➤Fiscal 2026 net-income outlook raised to $4.75B–$5.00B
- ➤Third-quarter tariff recoveries $110M
- ➤Order-book trends support 2026 as ag-equipment-cycle bottom
Management Commentary
John C. May, chairman and chief executive officer
“Deere delivered a strong quarter, reflecting disciplined execution by our teams and continued resilience across our portfolio. Our performance underscores the strength of our business, supported by stable U.S. market conditions, our ability to manage softer conditions in Brazil and Europe, and our commitment to helping customers succeed.”
John C. May, chairman and chief executive officer
“As we look ahead, we continue to believe 2026 will mark the bottom of the current ag equipment cycle. Across our business, early order program trends, improving used-equipment inventories, and increasing customer adoption of our advanced technologies give us confidence that Deere is well positioned for long-term value creation.”