Deere & CompanyDE

Why is Deere & (DE) moving?

Q3 202626 Jun – 27 Aug 2026

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Deere beats Q3, raises guidance as construction offsets weak farms

Q3 beat and raised guidance Deere beat Q3 estimates with EPS of $5.10 and raised full-year guidance, sending shares up 7-9% as profits grew for the first time in three years.
This is the main new event that moved the stock this quarter.
Construction and forestry strength Construction and forestry sales rose 18%, helped by AI data-center building, offsetting a 6% decline in the core farm segment.
This explains the offsetting strength that balanced weak farm demand.
Farm cycle bottom and AI investments Management called 2026 the bottom of the farm cycle, and Deere authorized a buyback and invested in AI efficiency and a $10 million rugged-AI partnership.
This shows management's view and new capital moves, but farm demand is still weak.
Tariff refunds and right-to-repair curb Risks remain: farm demand is still weak, $110 million in tariff refunds flattered results, and the FTC right-to-repair settlement curbs Deere's control over parts and service revenue for 10 years.
This is the real counterweight that could limit future gains.

July 202626 Jun – 27 Aug 2026

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Deere's Profit Beat and Buyback Offset Farm Weakness and Repair Settlement

Q2 earnings beat and raised guidance Deere reported Q2 revenue of $12.61 billion and adjusted EPS of $5.10, beating estimates, with operating margin improving to 15.3% from 13%. The company also raised full-year net income guidance. This shows profit growing for the first time in three years, pushing the stock up.
This is the core new financial result that directly drives the stock higher.
New share buyback and AI efficiency investments Deere authorized a new share repurchase program and highlighted AI-enabled operational efficiency. Buybacks reduce the number of shares, which can lift earnings per share. AI investments aim to cut costs and improve margins, supporting the stock price.
Buybacks and AI investments are new capital actions that support the investment thesis.
FTC right-to-repair settlement Deere settled an FTC lawsuit by agreeing to give farmers and independent repair shops the same diagnostic and repair tools as dealers for 10 years, and paying $1 million in legal fees. This reduces Deere's control over repair services, which could pressure future parts and service revenue.
This is a new regulatory event that could hurt Deere's aftermarket business.
$10 million rugged AI partnership Deere partnered with Reservoir in a $10 million, three-year R&D deal to develop rugged AI for high-value crops. This boosts Deere's technology capabilities in precision agriculture, which is a key growth area and supports the stock by showing innovation.
This new partnership reinforces Deere's tech leadership and future growth prospects.

Latest26 Jun – 27 Aug 2026

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Deere's Profit Beat and Buyback Offset Farm Weakness and Repair Settlement

Q2 earnings beat and raised guidance Deere reported Q2 revenue of $12.61 billion and adjusted EPS of $5.10, beating estimates, with operating margin improving to 15.3% from 13%. The company also raised full-year net income guidance. This shows profit growing for the first time in three years, pushing the stock up.
This is the core new financial result that directly drives the stock higher.
New share buyback and AI efficiency investments Deere authorized a new share repurchase program and highlighted AI-enabled operational efficiency. Buybacks reduce the number of shares, which can lift earnings per share. AI investments aim to cut costs and improve margins, supporting the stock price.
Buybacks and AI investments are new capital actions that support the investment thesis.
FTC right-to-repair settlement Deere settled an FTC lawsuit by agreeing to give farmers and independent repair shops the same diagnostic and repair tools as dealers for 10 years, and paying $1 million in legal fees. This reduces Deere's control over repair services, which could pressure future parts and service revenue.
This is a new regulatory event that could hurt Deere's aftermarket business.
$10 million rugged AI partnership Deere partnered with Reservoir in a $10 million, three-year R&D deal to develop rugged AI for high-value crops. This boosts Deere's technology capabilities in precision agriculture, which is a key growth area and supports the stock by showing innovation.
This new partnership reinforces Deere's tech leadership and future growth prospects.

August 202629 Jul – 21 Aug 2026

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Deere beats Q3, raises outlook as construction offsets weak farm demand

Q3 beat and raised full-year profit outlook Deere reported fiscal Q3 EPS of $5.10 versus about $4.70 expected, with sales up 6% to roughly $11 billion, and raised the low end of its full-year net income guidance to $4.75–$5.00 billion. The stock jumped about 7–9% because the results showed profit growing for the first time in three years.
This is the period's main new event and the clearest reason DE moved.
Construction and forestry strength, helped by AI data-center building Deere's construction and forestry sales rose 18% as data-center construction and heavy earthmoving demand stayed strong. This is important because it offsets the weak farm side: the main production and precision agriculture segment still fell 6%, so the company is leaning on construction while farming recovers.
It explains the mix behind the beat and why investors looked past weak agriculture.
Management says 2026 is the bottom of the farm equipment cycle CEO John May said 2026 marks the bottom of the agricultural equipment downturn, pointing to early order trends, better used-equipment inventories, and more customer adoption of advanced technology. That supports the idea that farm demand should improve in 2027, which is why investors are willing to pay up now.
It gives the forward-looking reason behind the raised guidance and stock move.
Farm demand still weak and tariff refunds flattered results The main farm equipment segment still shrank 6%, North American demand was soft, and Deere booked $110 million in tariff refunds that boosted the quarter. Rivals CNH and AGCO showed mixed conditions, so the recovery is not yet visible in industry data — a real counterweight to the upbeat guidance.
It is the honest counterweight: the beat was partly helped by one-time items and farming remains weak.

29 Jul – 21 Aug 2026

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Deere beats Q3, raises outlook as construction offsets weak farm demand

Q3 beat and raised full-year profit outlook Deere reported fiscal Q3 EPS of $5.10 versus about $4.70 expected, with sales up 6% to roughly $11 billion, and raised the low end of its full-year net income guidance to $4.75–$5.00 billion. The stock jumped about 7–9% because the results showed profit growing for the first time in three years.
This is the period's main new event and the clearest reason DE moved.
Construction and forestry strength, helped by AI data-center building Deere's construction and forestry sales rose 18% as data-center construction and heavy earthmoving demand stayed strong. This is important because it offsets the weak farm side: the main production and precision agriculture segment still fell 6%, so the company is leaning on construction while farming recovers.
It explains the mix behind the beat and why investors looked past weak agriculture.
Management says 2026 is the bottom of the farm equipment cycle CEO John May said 2026 marks the bottom of the agricultural equipment downturn, pointing to early order trends, better used-equipment inventories, and more customer adoption of advanced technology. That supports the idea that farm demand should improve in 2027, which is why investors are willing to pay up now.
It gives the forward-looking reason behind the raised guidance and stock move.
Farm demand still weak and tariff refunds flattered results The main farm equipment segment still shrank 6%, North American demand was soft, and Deere booked $110 million in tariff refunds that boosted the quarter. Rivals CNH and AGCO showed mixed conditions, so the recovery is not yet visible in industry data — a real counterweight to the upbeat guidance.
It is the honest counterweight: the beat was partly helped by one-time items and farming remains weak.