Deere & Company NYSE:DE Price, Chart, News & Insight

NYSE:DE

Deere Stock Rises 3.8% as Strong Q3 Results and Improved Outlook Signal Ag Cycle Bottom

Deere & Company (NYSE: DE) shares rose about 3.8% Thursday after the agricultural and construction equipment maker reported stronger-than-expected fiscal third-quarter results and improved its full-year profit outlook.

Earnings Rise as Construction Business Surges

Third-quarter net income increased 7% year over year to $1.379 billion, while diluted EPS rose to $5.10 from $4.75. Worldwide net sales and revenues increased 5% to $12.61 billion.

Performance was particularly strong in Construction & Forestry, where sales jumped 18% to $3.62 billion and operating profit surged 84% to $436 million. Small Agriculture & Turf sales increased 12%, with operating profit rising 28%.

Large agricultural equipment remained weaker, with Production & Precision Agriculture sales declining 6% and operating profit falling 9%.

Deere Raises Outlook and Sees Ag Cycle Bottom

A key catalyst for the stock appears to be Deere's improved outlook. The company now expects fiscal 2026 net income of $4.75 billion to $5.00 billion.

Management also reiterated its view that 2026 will mark the bottom of the current agricultural equipment cycle, citing early order trends, improving used-equipment inventories and increasing adoption of advanced technologies.

The combination of stronger quarterly earnings, robust construction and small-agriculture performance, and greater confidence that the agricultural equipment downturn is nearing a bottom provides a likely explanation for DE's 3.8% gain.

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European Investor 08-20-26

Deere Falls 7.4% as Large Agriculture Slump Overshadows Construction Strength

Deere and Company dropped 7.4% despite reporting overall revenue growth of 5% and maintaining its full-year net income guidance, as investors focused on the deepening pain in its largest and most profitable segment — Production and Precision Agriculture — where sales and margins deteriorated sharply.

Total net sales and revenues for the second quarter reached $13.369 billion, up 5% year over year, with net income coming in at $1.773 billion, or $6.55 per diluted share, essentially flat with last year's $1.804 billion and $6.64 per share. Results included a $272 million recovery related to refunded IEEPA tariff claims following the February 2026 Supreme Court ruling invalidating those tariffs, which partially cushioned the underlying earnings pressure.

The segment picture told two very different stories. Production and Precision Agriculture — the heart of Deere's large farm equipment business — saw net sales fall 14% to $4.503 billion and operating profit collapse 39% to $706 million, with operating margin contracting from 22.0% to 15.7%. The company's own industry outlook calls for US and Canada large agriculture down 15% to 20% for the full year, and South America tractors and combines down approximately 15%, reflecting the ongoing downturn in the global farm equipment cycle driven by lower commodity prices and reduced farmer income.

The offsetting strength came from Small Agriculture and Turf, up 16% to $3.485 billion with operating profit up 25% and margin expanding to 20.6%, and particularly from Construction and Forestry, which surged 29% to $3.790 billion with operating profit up 48% and margin improving to 14.8% from 12.9%. Infrastructure spending and construction activity are clearly filling the gap left by weak large ag demand.

For the full fiscal year, Deere maintained its net income guidance of $4.5 billion to $5.0 billion — a range that acknowledges significant uncertainty but signals management's confidence that the portfolio's diversification can hold the line.

The 7.4% drop reflects a market that looked past the headline revenue growth and construction strength, focusing instead on the severity of the large agriculture deterioration and questioning how long the construction cycle can offset the farm equipment downturn that has become the dominant story for the company's near-term earnings trajectory.

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European Investor 05-21-26

Deere & Company Announces Voting Results from 2025 Annual Shareholders Meeting

Deere & Company held its annual shareholders meeting on February 26, 2025, where key proposals were voted on.

**Election of Directors**
All nominees were elected for terms expiring at the 2026 annual meeting. Among the directors, R. Preston Feight received the highest number of votes in favor with 203.8 million shares, while John C. May and Gregory R. Page received the highest number of votes against, with 12.4 million and 13.1 million shares, respectively.

**Advisory Vote on Executive Compensation**
Shareholders approved the executive compensation package, with 182.4 million votes in favor, 21.9 million against, and 802,234 abstentions.

**Ratification of Deloitte & Touche LLP as Independent Auditor**
The selection of Deloitte & Touche LLP as the company’s independent registered public accounting firm for fiscal year 2025 was ratified with 222.8 million votes in favor, 13.3 million against, and 624,431 abstentions.

**Shareholder Proposals**
- A proposal requesting a report on racial and gender hiring statistics was rejected, with 2.8 million votes in favor and 200.2 million against.
- A proposal seeking a corporate financial sustainability report was not approved, with 2.0 million votes in favor and 201.0 million against.
- A proposal for a civil rights audit was rejected, receiving 59.8 million votes in favor and 142.8 million against.
- A proposal requesting a report on charitable giving was also voted down, with 2.5 million votes in favor and 200.5 million against.
- A shareholder proposal regarding efforts to create a meritocratic workplace was withdrawn before the vote.

The results reflect the company’s strong shareholder support for existing governance and financial practices while rejecting proposed changes in reporting on social and sustainability initiatives.

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The Investor 02-28-25

08-20-26WS Investor

08-20-26WS News

05-21-26European Investor

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