DE · Earnings call · 2026Q3T · Full report

Revenue Performance and Mix

DEERE & CO · 2026-08-20 · Importance 43 · Surprise 32 · In source text

Third-quarter net sales and revenues increased 5% year over year to $12.608 billion, while equipment operations net sales increased 6% to $10.999 billion. Production and Precision Ag sales declined 6% to $3.998 billion because of lower shipment volumes, partly offset by 2.5 points of price realization and more than 1.5 points of favorable currency translation. Small Ag and Turf sales increased 12% to $3.383 billion, and Construction and Forestry sales increased 18% to $3.618 billion, both supported by higher shipment volumes and favorable pricing. Financial Services reported third-quarter net income of $219 million, aided by favorable financing spreads despite a lower average portfolio.

Key facts

• Production and Precision Ag full-year forecast includes a point of positive price realization and close to 2.5 points of favorable currency translation.
• Net sales and revenues for the third quarter were $12.608 billion, up 5%.
• Equipment operations net sales for the third quarter were $10.999 billion, up 6%.
• Equipment operations net sales improved 6% year over year in the third quarter.
• Small Ag and Turf net sales for the third quarter were $3.383 billion, up 12% year over year.
• Production and Precision Ag net sales for the third quarter were $3.998 billion, down 6% year over year.
• Construction and Forestry net sales for the quarter were $3.618 billion, up 18% year over year.
• Price realization in Production and Precision Ag was positive by 2.5 points in the quarter.

Impact estimates