Is Deere (DE) Stock Finally Turning a Corner After Its Q3 Earnings Beat?

TLDR

• Deere reported Q3 EPS of $5.10, beating the $4.69 estimate by $0.41
• Revenue came in at $12.61B, well above the $10.81B consensus
• The stock was up 0.6% in premarket trading at $584
• Deere raised its 2026 net income guidance to $4.75B-$5B, up from $4.5B-$5B
• Industry sales outlook was cut slightly, with large-equipment sales in North America expected to fall 15%-20%

Deere reported third quarter earnings per share of $5.10, beating Wall Street’s estimate of $4.69. Revenue came in at $12.61 billion, well above the $10.81 billion consensus. The stock was up 0.6% in premarket trading at $584.

Deere & Company, DE

A year ago, Deere posted EPS of $4.75 on sales of about $7.3 billion. This quarter, agricultural equipment sales alone came to roughly $7.4 billion. So while the growth is modest, it’s moving in the right direction.

DEERE $DE Q3’26 EARNINGS HIGHLIGHTS

🔹 Revenue: $11.0B (Est. $10.74B) 🟢; +6% YoY
🔹 EPS: $5.10 (Est. $4.71) 🟢; +7% YoY
🔹 Net Income: $1.4B (Est. $1.27B) 🟢; +7% YoY
🔹 Construction & Forestry Sales: $3.6B; +18% YoY

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