Deere & Co reported third-quarter fiscal 2026 net income of $1.379 billion, or $5.10 per diluted share, up from $1.289 billion, or $4.75 per share, in the prior-year period. Worldwide net sales and revenues increased 5 percent to $12.608 billion for the quarter. The company raised its full-year fiscal 2026 net income guidance to a range of $4.75 billion to $5.00 billion from previous estimates. Construction & Forestry sales surged 18 percent, while Production & Precision Agriculture sales declined 6 percent due to lower shipment volumes. Deere stated that early order trends and improving used-equipment inventories reinforce its view that 2026 marks the bottom of the agricultural equipment cycle. The company operates in the manufacturing industry, producing agricultural, construction, and turf equipment.
