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.

Deere Funding Canada Corporation, a wholly owned subsidiary of Deere & Company, agreed to sell $300,000,000 aggregate principal amount of 4.850% Notes due July 15, 2031. The notes are senior unsecured, senior unsecured obligation of the Guarantor, and interest is payable semi-annually on January 15 and July 15. Deere & Company is a manufacturer of agricultural, construction, and forestry equipment.

Dmitri Stockton has notified Deere & Company that he will not stand for re-election as a director at the company's 2027 annual meeting of stockholders. Mr. Stockton will continue to serve the remainder of his current term through the 2027 meeting, and the company stated his decision does not result from any disagreement with its operations, policies, or practices.

Deere & Company has released its results of operations for the second quarter of fiscal 2026 along with an accompanying investor presentation. The company provided supplemental financial information and a performance review in connection with its earnings conference call.

Deere & Company has elected T. Brent Norwood as Senior Vice President and Chief Financial Officer, effective May 1, 2026, succeeding acting CFO Ryan D. Campbell. Norwood will receive an annualized salary of $925,000, a short-term incentive target of 100% of his base salary, and a one-time award of 8,809 performance-based restricted stock units.

Deere & Company's Board of Directors has approved one-time performance-based restricted stock unit (PSU) grants for several senior officers to incentivize long-term business results through October 2030. These awards are tied to five-year Shareholder Value Added (SVA) targets, with target values of $25 million for John C. May and $5 million each for Ryan D. Campbell and Deanna M. Kovar.