Deere Q3 10-Q: $382M Tariff Recovery, $6.17M Executive Severance, Tenna Acquisition
DE sits 43% above its 52-week low of $433 on light trading volume (0.1× avg).
Summary
Deere's Q3 10-Q confirms the August 20 earnings beat and adds material new details: $382M in nine-month tariff recoveries, a $6.17M executive separation agreement, and the $439M Tenna acquisition.
Key Events · Earnings and Guidance · DE
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Q3 Earnings Confirmed
Net income of $1.379 billion ($5.10 diluted EPS) on $12.6 billion revenue, up 7% YoY, matching the August 20 8-K disclosure.
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Tariff Recovery Quantified
Nine-month tariff recoveries totaled $382 million (vs $110 million in Q3 alone), with approximately 80% already received in cash as of August 2, 2026.
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Executive Separation Agreement
Kellye Walker's separation agreement (Exhibit 10.1) provides $6.17 million total severance — $1 million initial plus $5.17 million deferred — effective July 17, 2026.
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Tenna Acquisition
Tenna LLC, a construction technology company, was acquired in February 2026 for $439 million net of cash and assigned to the Construction & Forestry segment.
Analysis · DE · Technology
Deere's Q3 10-Q confirms the strong quarter already reported on August 20, but adds three material details. First, the company recorded $382 million in tariff recoveries for the first nine months — far more than the $110 million Q3 figure that drove the earnings beat, with about 80% already received in cash. Second, the filing discloses a separation agreement with Kellye Walker, a senior executive, carrying $6.17 million in total severance ($1 million upfront plus $5.17 million deferred), effective July 17, 2026. Third, the February acquisition of Tenna LLC for $439 million net of cash is detailed, expanding Deere's construction technology footprint. The company also repurchased 333,000 shares in Q3 at an average price near $596, with $7.2 billion remaining under its $18 billion authorization. These items add governance and capital-allocation context beyond the headline earnings beat.
How filings like this one have moved
In the 30 days to Sep 14, 2026, 29.9% of the 1591 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.24%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, DE was trading at $619.63 on NYSE in the Technology sector, with a market capitalization of approximately $167.3B. The 52-week trading range was $433.00 to $674.19. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.