Deere & Company

(New York Stock Exchange)
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Bullish +55

Deere & Company stock reports 5 percent fiscal Q3 revenue growth

Analyst upgrade Earnings report AI-generated analysis

πŸ“ˆ Deere & Company reported fiscal Q3 revenue growth of 5 percent, reaching USD 12.608 billion in the quarter ended August 2, 2026.

πŸ’° Earnings per share hit USD 5.10, beating the consensus estimate of USD 4.69 and exceeding quarterly revenue expectations of USD 10.81 billion.

πŸ“‰ Nine-month net income for fiscal 2026 stood at USD 3.808 billion, trailing the prior-year total of USD 3.962 billion despite strong Q3 results.

🏦 Bank of America raised its price target to USD 715.00, placing it USD 28.90 above the average analyst target of USD 686.10.

πŸ“Š The stock trades near the upper end of its 52-week range between USD 433.00 and USD 721.22 as of late September 2026.

🚜 Deere is navigating a cyclical agricultural equipment market with a fiscal 2026 full-year net income outlook of USD 4.75 billion to USD 5.00 billion.

Bullish Signals
  • Deere & Company achieved a 5 percent year-over-year increase in worldwide net sales, reaching USD 12.608 billion for the fiscal third quarter.
  • The company beat earnings expectations with EPS of USD 5.10 versus a consensus estimate of USD 4.69, demonstrating strong operational execution.
  • Quarterly revenue of USD 12.608 billion significantly exceeded the analyst consensus estimate of USD 10.81 billion.
  • Bank of America raised its price target to USD 715.00, indicating a constructive view on the company's recovery path in the agricultural sector.
Risk Factors
  • Nine-month net income for fiscal 2026 was USD 3.808 billion, which is lower than the prior-year total of USD 3.962 billion.
  • The company is currently navigating a cyclical agricultural equipment market, suggesting potential volatility in future demand.
Full Analysis
Deere & Company reported strong fiscal third-quarter results, with worldwide net sales rising 5 percent to USD 12.608 billion in the quarter ended August 2, 2026. Earnings per share reached USD 5.10, surpassing the consensus estimate of USD 4.69, while quarterly revenue exceeded analyst expectations of USD 10.81 billion. Despite the robust quarterly performance, the company's nine-month net income totaled USD 3.808 billion, which was lower than the prior-year period total of USD 3.962 billion. This divergence highlights a mixed operating picture within the agricultural equipment sector as Deere navigates cyclical market conditions. Analyst sentiment remains constructive regarding the company's recovery trajectory. Bank of America raised its price target to USD 715.00, positioning it significantly above the average analyst target of USD 686.10 and signaling a more optimistic view on Deere's future prospects compared to the broader consensus.