DE · Full Picture

DEERE & CO — the full picture

Earnings window · 2026-05-28 to 2026-09-24

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 89
    +23.8% net_income; 3 sources (news, press_release, transcript); 13 forward row(s); quote_verified
    Deere & Company said it raised the lower end of its full-year net-income guidance to $4.75 billion-$5.00 billion after Q3 results.
  2. Trade Policy and Tariffs · Tariffs & trade policyPriority 75
    -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 68
    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. Construction Forestry Demand Growth · Demand, orders & backlogPriority 62
    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%.
  5. Quarterly Earnings Performance · UnclassifiedPriority 58
    +10.3% net_income (realized); quote_verified
    Deere & Company reported third-quarter net income of $1.379 billion, or $5.10 per share, for the period ending August 2, 2026.
  6. Revenue Performance and Mix · Revenue growth & mixPriority 58
    +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.
  7. Supply Chain Tariff Impact · Tariffs & trade policyPriority 58
    -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.
  8. Capital Return Program · Buybacks & dividendsPriority 57
    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.
  9. Income Tax Rate Changes · TaxPriority 54
    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. Segment Profitability · Operating income & profitabilityPriority 54
    +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.
  11. Debt and Financing Activity · Debt, leverage & refinancingPriority 52
    -1.9% cash (realized); 2 sources (news, sec_filing); structured_verified
    Interest expense decreased due to lower average borrowing rates and lower average borrowings for both periods, with interest expense for the six months ended May 3, 2026: $1,431 versus $1,614 prior year (-11%).
  12. Capital Expenditure Guidance · Capital expenditurePriority 51
    -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.

Threads by pillar

Revenue & Demand Priority 84 · 7 threads

Costs & Margins Priority 77 · 9 threads

Capital & Balance Sheet Priority 82 · 9 threads

Strategy & Portfolio Priority 53 · 2 threads

Legal, Regulatory & Policy Priority 83 · 5 threads

Guidance & Outlook Priority 89 · 1 thread

Macro & Market Conditions Priority 29 · 2 threads

Unclassified Priority 75 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
net_income+22.7%+24.8%+14.7%
operating_income-10.1%+10.6%-0.8%
cash-0.7%+0.7%-6.8%
assets+0.7%+0.7%+2.5%
revenue+0.6%+0.6%+8.4%
liability-0.0%+0.0%-1.0%