Deere & Company (DE)

The company now

Deere & Company, the maker of John Deere farm, lawn, construction and forestry machines, reported on 20 August 2026 that its third-quarter net income rose to $1.379 billion from $1.289 billion a year earlier 1. Revenue grew 5 percent to $12.608 billion 1. The company raised its forecast for fiscal 2026 net income to $4.75 billion to $5.00 billion 1.

The gain came from smaller machines and building equipment, not from the big farm machines that earn most of Deere's profit in good years 1. Small Agriculture & Turf sales rose 12 percent and Construction & Forestry sales rose 18 percent, while Production & Precision Agriculture sales fell 6 percent 1.

Deere also booked $110 million of tariff refunds in the quarter, after the Supreme Court struck down tariffs imposed under an emergency powers law on 20 February 2026 13. Those refunds trimmed what the tariffs cost it 3.

Chief executive John May said the company still sees 2026 as the bottom of the current farm machine cycle, pointing to early orders and healthier used-machine stocks 1. The open question is whether the fourth quarter, which closes the fiscal year, bears that out for the large farm machines 1.

As of Oct 28, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.