DE · Full Picture

DEERE & CO — the full picture

Earnings window · 2026-05-28 to 2026-11-09

One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.

What to look at first

  1. Guidance and Outlook · Guidance & outlookPriority 85
    +23.8% net_income; 3 sources (news, press_release, transcript); 13 forward row(s); quote_verified
    Deere & Company raised its fiscal 2026 net income guidance to a range of USD 4.75 billion to USD 5.00 billion.
  2. Trade Policy and Tariffs · Tariffs & trade policyPriority 72
    -5.2% operating_income; 4 sources (news, press_release, sec_filing, transcript); 6 forward row(s); quote_verified
    Deere & Co. expects tariff costs to be up from an estimated $750 million this year after significant refunds.
  3. End-Market Demand Trends · Demand, orders & backlogPriority 70
    4 sources (news, press_release, sec_filing, transcript); 7 forward row(s); quote_verified
    In the U.S. and Canada, large ag equipment industry sales for fiscal 2026 are expected to decline 15% to 20% year over year.
  4. Revenue Performance and Mix · Revenue growth & mixPriority 60
    +3.9% revenue (realized); 4 sources (news, press_release, sec_filing, transcript); 4 forward row(s); structured_verified
    Analysts project Deere & Company will report earnings of $4.71 per share on $10.81 billion in revenue for Q3 2026.
  5. Construction Forestry Demand Growth · Demand, orders & backlogPriority 59
    3 sources (news, press_release, transcript); 3 forward row(s); quote_verified
    Industry sales for U.S. and Canada earthmoving construction equipment are now expected to be up 5% to 10% for the year, and compact construction equipment up 5%.
  6. Supply Chain Tariff Impact · Tariffs & trade policyPriority 56
    -3.8% operating_income; 2 sources (news, press_release); 2 forward row(s); quote_verified
    The White House cut tariffs on farm and construction equipment from 25% to 15%, effective June 8 through the end of 2027, a move that led to a 7% jump in Deere's stock on June 2.
  7. Capital Return Program · Buybacks & dividendsPriority 55
    2 sources (news, press_release); 2 forward row(s); quote_verified
    Deere & Company repurchased $697 million of common stock in the nine months ended August 2, 2026.
  8. Segment Profitability · Operating income & profitabilityPriority 55
    +4.7% operating_income (realized); 3 sources (news, press_release, transcript); 3 forward row(s); quote_verified
    Construction & Forestry operating profit was $436 million in the third quarter of 2026, up 84% from $237 million in 2025.
  9. Income Tax Rate Changes · TaxPriority 51
    2 sources (press_release, sec_filing); quote_verified
    Provision for income taxes decreased for the three months ended as a result of lower pretax income, and increased for the six months ended due to the favorable impact on the prior period of discrete tax adjustments (see Note 22).
  10. Acquisition / Partnership / Divestiture · M&A and divestituresPriority 50
    +0.0% cash; 3 sources (news, press_release, sec_filing); 4 forward row(s); structured_verified
    Deere & Company completed the February 2026 acquisition of Tenna LLC for a purchase price of $439 million, net of cash acquired, and assigned Tenna to the Construction & Forestry segment.
  11. Capital Expenditure Guidance · Capital expenditurePriority 48
    -0.7% cash; 2 sources (press_release, sec_filing); 2 forward row(s); structured_verified
    Capital expenditures in 2026 are estimated to be approximately $1,400.
  12. Operating Margin Drivers · Operating income & profitabilityPriority 47
    -5.5% operating_income (realized); quote_verified
    Operating profit for PPA for the three months ended May 3, 2026: $1,148, a 39% decrease versus prior year quarter.

Threads by pillar

Revenue & Demand Priority 85 · 8 threads

Costs & Margins Priority 77 · 9 threads

Capital & Balance Sheet Priority 80 · 9 threads

Strategy & Portfolio Priority 55 · 3 threads

Legal, Regulatory & Policy Priority 80 · 6 threads

Guidance & Outlook Priority 85 · 1 thread

Macro & Market Conditions Priority 35 · 4 threads

Management & Governance Priority 28 · 1 thread

Unclassified Priority 63 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
net_income+22.1%+25.5%+3.7%
operating_income-10.1%+10.6%-0.8%
cash-0.7%+0.7%-6.8%
assets+0.7%+0.7%+2.5%
revenue-0.4%+0.4%+3.9%
liability-0.1%+0.1%-1.0%