Deere reports Q3 results Aug 20 with orders under pressure. Does its quarterly profit clear $4.85 a share?
50% of users predicted YES — the community got this one right. 4 predictions cast.
Deere & Company reported fiscal third-quarter 2026 results on August 20, 2026, posting net income of $1.379 billion, or $5.10 per share, well above the $4.85 per-share threshold this question asked about and above the roughly $4.45 analyst consensus. Total revenue reached about $12.61 billion, exceeding estimates by approximately 17%. Construction and forestry equipment drove the outperformance, with that segment's operating margin expanding to 12.1% from 7.7% a year earlier, while the Small Agriculture and Turf division benefited from higher shipment volumes and favorable pricing. Deere raised its full-year net income guidance to a range of $4.75 billion to $5.00 billion and characterized fiscal 2026 as the likely bottom of the current agricultural equipment downturn, pointing to signs that farm machinery demand had stopped declining. The results marked a fifth consecutive quarter in which Deere topped Wall Street's profit expectations, even as the broader agricultural equipment market continued to face pressure from soft crop prices and reduced farmer capital spending. Predict Six's community was evenly split on this question with four votes recorded; the actual result came in well above the target.