Deere raises full-year profit outlook as construction sales surge

Industry & Services Manufacturing & Engineering Written by: Angela Harmantas 13:32 Thu 20 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Deere & Company ( NYSE:DE XETRA:DCO ) View Price & Profile Deere raises full-year profit outlook as construction sales surge Published: 13:32 20 Aug 2026 EDT Deere & Company (NYSE:DE, XETRA:DCO) reported fiscal third-quarter earnings that beat analyst estimates on both revenue and profit, sending shares up more than 7%. The agricultural and construction equipment maker posted revenue of $11 billion, above estimates of $10.74 billion and up 6% from a year earlier. Earnings per share came in at $5.10, topping expectations of $4.71 and rising 7% year-over-year. Net income reached $1.4 billion, also up 7% and ahead of the $1.27 billion analysts had forecast. Construction and Forestry sales were a standout, climbing 18% year-over-year to $3.6 billion. Total operating profit rose 18% to $1.9 billion, while operating cash flow came in at $3.3 billion. Deere raised its full-year net income guidance to a range of $4.75 billion to $5 billion, citing improved performance across several segments. By segment, the company now expects Construction Equipment net sales to grow 5% to 10% and Compact Construction Equipment to rise around 5%. Global Roadbuilding sales are projected to increase roughly 10%, while Global Forestry sales are expected to decline about 10%. Large Ag sales are forecast to fall 15% to 20%, while Small Ag and Turf sales are expected to range from flat to up 5%. Within Construction and Forestry, net sales are projected to grow around 20%, aided by a 1.5% currency tailwind and roughly 3% in price gains. Small Ag and Turf net sales are expected to rise about 15%, with a 0.5% currency benefit and 1.5% from price. Production and Precision Ag net sales are forecast to decline about 10%, partially offset by a 2.5% currency tailwind and 1% from price. Financial Services net income is expected to total approximately $870 million for the year, with the segment posting net revenue of $219 million in the third quarter, up 7% from a year earlier. Continue reading