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Deere Raises 2026 Net-Income Outlook to $4.75 Billion

8/21/2026

49 5 Full Breakdown

Summary

Story summary

Deere raised the lower end of its 2026 net-income outlook to $4.75 billion.
Deere posted its first quarterly profit increase in three years, earning $5.10 per share.
Quarterly revenue rose 6% to $11 billion, beating analysts’ $10.73 billion estimate.
Construction & Forestry sales jumped 18% YoY, adding $199 million to segment profit.
Deere recorded a $110 million tariff refund.

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Story summary

Deere raised the lower end of its 2026 net-income outlook to $4.75 billion.
Deere posted its first quarterly profit increase in three years, earning $5.10 per share.
Quarterly revenue rose 6% to $11 billion, beating analysts’ $10.73 billion estimate.
Construction & Forestry sales jumped 18% YoY, adding $199 million to segment profit.
Deere recorded a $110 million tariff refund.