DE · News · 20260824N

Construction Forestry Demand Growth

DEERE & CO · 2026-08-24 · Importance 42 · Surprise 40

Deere’s Construction & Forestry sales increased 18% in the third quarter, supported by AI data-center construction and broader infrastructure spending. The strength in construction equipment is offsetting continued pressure in Deere’s core agricultural equipment business. The company reportedly expects the agricultural equipment cycle to bottom in 2026, while construction demand provides a cushion against weak farm economics. The sustainability of the construction boom and ongoing tariffs remain risks to demand.

Key facts

• Deere & Co.'s Construction & Forestry sales increased by 18% in the quarter due to AI data centers and infrastructure spending. source