John Deere reports $1.379 billion in third quarter earnings
The company improved its full-year net income forecast to between $4.75 billion and $5.00 billion while projecting 2026 marks the agricultural equipment cycle trough.
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Manufacturer of agricultural, construction, forestry, and turf equipment
deere.comLast updated
In short: John Deere raised its 2026 profit forecast after posting its first quarterly earnings rise in three years.
The company improved its full-year net income forecast to between $4.75 billion and $5.00 billion while projecting 2026 marks the agricultural equipment cycle trough.
Net income per share was $6.55, down from $6.64 a year ago, with net sales up 5% to $13.369 billion.
The agreement resolves the 2022 'right to repair' case without wrongdoing findings. Deere will fund a class settlement and continue providing repair resources. It awaits court approval.
Shipments exceed plan with strengthening order books. Fiscal 2026 net income guidance raised to $4.5-$5.0 billion.
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