Deere Reports Third Quarter Net Income of $1.379 Billion

Deere reported third-quarter net income of $1.379 billion in a release issued August 20, with the company attributing the result to disciplined execution in a dynamic market. The release said the result was stronger than expected, although it did not provide a consensus figure in the supplied information.

Net income guidance was improved to $4.75 billion to $5.00 billion. Deere also said order-book trends reinforce 2026 as the bottom of the agricultural equipment cycle, linking the guidance update to a possible stabilization in future demand.

The company’s supplied fiscal-year enrichment shows revenue of $45.7 billion, down 11.7% year over year, with an 11.0% net margin and $18.50 diluted EPS. The key follow-through is whether subsequent order trends validate the claimed cycle bottom and whether the improved earnings outlook can persist while revenue remains below the prior year.